Cronos Labs, the R&D and ecosystem development arm of the Cronos blockchain, has partnered with the City of Seoul to launch the ‘Seoul Web 3.0 Festival 2023’ (SWF2023). As the main blockchain network partner, Cronos will provide extensive support to the three-day hackathon, signaling its commitment to supporting the Seoul-based developer ecosystem.
Cronos Labs is a blockchain ecosystem and startup accelerator that focuses on decentralized finance and blockchain games, as well as the development of the Cronos blockchain’s ecosystem. By participating in SWF2023, Cronos Labs aims to strengthen the position of the Cronos chain in Korea and globally.
SWF2023, which will be held from July 31 to August 2, aims to enhance the competitiveness of Korea’s Web3 industry and create opportunities for global talent development in the blockchain sector. The festival will feature various programs including a hackathon, investor demo day, networking party, and an NFT exhibition. With the tagline ‘Change, Opportunity, Challenge’, SWF2023 will uncover groundbreaking ideas at the intersection of AI and blockchain technology.
Cronos, as the leading blockchain network that interoperates with both Ethereum and Cosmos ecosystems, will participate in the hackathon as a judge and advisor, and contribute to the prize pool. The hackathon will see 400 participants forming approximately 100 teams to develop product concepts and applications within 72 hours.
SWF2023 will also feature global and local partners, including global cryptocurrency platform Crypto.com, which will participate in the investor demo day and networking party, providing mentoring and training for local developers and startups.
The participation of Cronos Labs in SWF2023 highlights the importance of South Korea and Seoul in the development of the Web3 ecosystem. The hackathon will encourage the development of more Cronos-based applications in Korea, positioning Cronos as a strong partner in the local Web3 ecosystem.
Applications for the hackathon will start on May 22 until June 30 and will take place on the official SWF2023 website.
Cronos is the leading EVM-compatible layer 1 blockchain built on the Cosmos SDK and adopted by 1 million users. Supported by Crypto.com, Crypto.org, and more than 500 app developers and partners, Cronos aims to make it easy and safe for the next billion crypto users to adopt self-custody in Web3, with a focus on DeFi and GameFi applications. Cronos Labs is the ecosystem development arm and startup accelerator of the Cronos blockchain.