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NBTC News
Home»Altcoins»Electroneum Hackathon Drives Innovation in the Web3 Space 
Altcoins

Electroneum Hackathon Drives Innovation in the Web3 Space 

NBTCBy NBTC14/05/2025No Comments4 Mins Read
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The Electroneum Hackathon 2025 awarded $52,500 in their native ETN token to decentralised application (dApp) developers who successfully demonstrated brilliant technical execution of their projects.

The winners stood out thanks to their exceptional design quality, user experience, and scalability, among other key attributes.

The goal of the Electroneum Hackathon, sponsored by Ankr, was to drive the creation of innovative, scalable, and functional dApps built on Electroneum’s Layer 1, EVM-compatible blockchain, which features 5-second single-block finality, low transaction costs, and high throughput.

The Top Three Projects Awarded Over k in Prizes

The Grand Prize of $10,000 went to the ElectroSwap team, a decentralised exchange (DEX) built on Electroneum’s newly launched EVM-chain. With 5-second transaction finality, Electroneum stands among the top five fastest blockchains in the world.

On X, Electroneum said that “the hackathon judges were thoroughly impressed with

ElectroSwap_Dex’s commitment to security and risk management.” They also congratulated them for “leading the next generation of dApps built on Electroneum with a focus on innovation.”

ElectroSwap facilitates innovations such as locked liquidity, and its smart contracts have passed multiple security audits. The Electroneum-based DEX also boasts excellent transparency, as transactions and other market movements are traceable in real-time.

In second place, Decent Token creator Oguname Precious, also known as Nippy Sky, was inspired by the growing demand for simple and accessible tools for developers navigating the complexities of building ERC-20 tokens. Nippy’s simplification caught the judges’ eye, winning him and his project $7,500 in ETN.

Oguname said his dApp “allows users to create ERC-20 tokens effortlessly. All they need to do is define the token name, symbol, and total supply, and the Decent Token Creator does all the rest, adhering, of course, to the ERC-20 standard.”

Tanisq Gupta won 3rd place and the accompanying $5,000 award. Gupta’s AuditFi leverages Mistral AI’s large language model for a thorough and meticulous analysis of smart contract security.

Gupta describes AuditFi as next-generation smart contract security that, thanks to AI, delivers instant on-chain reports with optimal accuracy and reliability.

The Honourable Mention Awards

The Electroneum Hackathon judges’ panel, which included blockchain experts from Electroneum, Ankr, AnyTask, NetworkUmbria, and VictusGlobal, also awarded four $2,500 Honourable Mentions.

Gupta, who finished in 3rd place with AuditFi, also participated with ProtectedPay, an advanced DeFi platform for secure transactions, group payments, and smart savings across multiple blockchains. One feature worth mentioning is its escrow-like protection, which ensures that funds remain secure until claimed by the recipient.

Ticket City by Isiaq A. Tajudeen and Anagha Madeleine also received one of the four honourable mentions. Their blockchain-based project aims to disrupt the event management industry by offering security, transparency, and efficiency.

“By leveraging Electroneum’s infrastructure and their ETN token, Ticket City can provide a seamless experience for event creation, ticket distribution, and attendance verification,” said Tajudeen.

ElectroPlay and ETN Buddy were also awarded prizes. Shahen Ox and Shahil A, creators of ElectroPlay, said their project aims to create a sustainable gaming platform that bridges web3 projects with engaging gameplay. They said their game is a state-of-the-art competitive game.

ETN Buddy is the first memecoin with utility in ETN. Its ecosystem includes a game under continuous development and a utility NFT with exclusive benefits and reward multipliers.

ETN Buddy is also the mascot of Buddy Battles, a platform developed by Lopez Onchain and GR 333. “It’s a new gameplay system that allows users to participate with any token, among other features.”

Electroneum has been a leader in the mobile payments crypto sector since its launch in 2017, and with its recent EVM-compatibility and smart contract integration, the project promises to continue driving innovation across the web3 space.

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NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

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