On April 19, 2022, we opened applications for the TABS Web3 Hackathon, a competition that will reward original Web3/blockchain-based solutions to problems in different sectors of Africa’s economy.
The Hackathon is a part of the Techpoint Africa Blockchain Summit (TABS 2022), a blockchain/Web3-focused event that plans to make sense of the Web3 buzz and Africa’s place in the space.
Themed Web3: Engineering tomorrow’s Internet, TABS 2022 is an opportunity to learn, network, and navigate the complex world of blockchain and its many promises.
Though the Web3 space in Africa is nascent, the TABS Web3 Hackathon is a way to encourage innovative blockchain technology-based solutions. Blockchain is Africa’s chance to play a vital role in developing one of the world’s transformative technologies.
Sponsored by Nairaex, winners of the Hackathon will go home with a total of $2,500 distributed to the first ($1,250), second ($750), and third ($500) placed finalists.
With an in-house team sifting through several registered teams, we have chosen the six finalists for the TABS Web3 Hackathon.
The teams were chosen based on the originality and uniqueness of their proposed solutions for the Hackathon. They will meet with the judges virtually in the next round, pitch their solutions, and get feedback on the best way to build them.
TABS Web3 Hackathon finalists
Team Momoh Victor: Blockchain for financial inclusion
Team Momoh Victor’s solution is a blockchain-powered system “that allows anyone who has a smartphone to create an account and a physical card for themselves and their loved ones.”
Led by Oluwatobi Babalola, the team is bullish on the possibility of building products that could aid financial inclusion in Africa.
Team Give: Credit facility for minting NFTs
Led by Opeyemin Ajayi, Team Give wants to make minting non-fungible tokens (NFTs) easier for those that do not have the resources to do so. Minting an NFT on Ethereum could cost between $70 and $300, and Team Give wants to create a credit facility that takes care of the cost of minting NFTs while you repay with interest.
Team ThrushBolt: Helping emerging talented artistes, music producers, and DJs to monetise their work with NFTs
Team ThrushBolt is also building an NFT-related solution for music. According to the team, talented artistes, music producers, and DJs can go beyond “earning minute fractions of pennies per stream on platforms like Spotify” to earning big with NFTs.
Led by Agbo Ebuka, the Team TrushBolt wants to revolutionise how musicians earn.
Team Chemotronix: Blockchain for green energy
Peace Bello is the team lead for Team Chemotronix. The team plans to use blockchain to solve climate-related problems.
“There is an urgent need to solve the current climate crisis issue. Blockchain would help secure net-zero investments by offering certifications for the green hydrogen market.”
Team JPS: NFT market for digital fashion assets
Team JPS is merging blockchain with eCommerce but for virtual fashion accessories.
If you’re wondering who will buy fashion accessories they can’t wear, Team JPS, led by Promise Adesemoye, has an exciting approach to its solution.
The solution is to “create a marketplace for digital fashion assets which people can use for their social media by simulating on their pictures while also retaining the same value as an NFT.”
Could this also morph into fashion assets for avatars in the metaverse? I guess we’ll find out at TABS 2022. Save a seat for yourself here.
Team Block baddies
Khadijah Wuraola Amusat hopes to lead Team Block baddies to victory with a solution that could help writers and authors get top dollar for their work.
They want to help authors list their books for sale in a marketplace like OpenSea but for books and articles.
According to the Block baddies, “these books will be stored as InterPlanetary File System (IPFS), meaning no one else can list or sell these books. Secondly, they would need permission from the owner before transferring it to another wallet account.”
Interestingly, the books and articles can only be accessed on the blockchain, ruling out transfers by Bluetooth or email and making it impossible to duplicate after purchase.
Our judges will select the best three solutions and decide which teams go home with the first, second, and third place cash prizes.