Hedera Africa Hackathon launches with $1M prize pool and Web3 focus

The Hashgraph Association and the Exponential Science Foundation have launched the Hedera Africa Hackathon 2025, a global event designed to accelerate Web3 and artificial intelligence adoption across the African continent. With a prize pool of $1 million, the hackathon will run from Aug. 1 to Sept. 30 and aims to attract over 10,000 participants across 15 African countries, according to a press release shared with Cointelegraph.Organized by two nonprofit organizations — the Switzerland-based Hashgraph Association and the tech research-focused Exponential Science Foundation — the event is open to developers, students, and entrepreneurs worldwide.“We aim to use technologies that converge Web3 with AI to create transparent cognitive solutions that optimize processes and facilitate decision-making and automate the execution,” said Kamal Youssefi, the president of the board of directors at the Hashgraph Association.All solutions will be built on the Hedera network across four tracks: onchain finance and real-world asset (RWA) tokenisation; ESG sustainability and traceability; self-sovereign identity (SSI) and AI; and gaming, metaverse and non-fungible tokens (NFTs). Up to 15 outstanding teams will receive prizes based on innovation, impact and alignment with the hackathon’s goals.Onsite hackathon map Source: Hedera-hackathon.hashgraphThis Hackathon covers large areas in Africa, with onsite events in over 20 African cities such as Lagos, Cairo, Nairobi, Kinshasa, Cape Town, Casablanca and Tunis.Interest in Africa’s Web3 potential is growing, with more than 50 partners and 100 universities and tech hubs having already joined the Hedera Africa Hackathon. Related: African economies show high potential for digital asset adoptionAfrica’s Web3 talents are poised for global impactDue to high inflation, a weak banking system and widespread corruption, many people in Africa lack access to reliable financial services. This creates opportunities for Web3 projects like Jambo and Yellow Card to offer alternatives for saving and earning.Related: South African firm chooses Bitcoin reserve strategy as inflation hedgeKamal highlighted Africa’s strength in its “young population with ambitious tech talents”. He cited Hedera’s partnership with Orange, a telecommunications operator, to launch digital empowerment programs across 16 African countries — initiatives that “include training, certification and the establishment of incubation and accelerator centers”.“Africa brings a unique advantage to Web3: a demographic edge and a proven capacity for digital adoption,” said Paolo Tasca, executive chairman of the Exponential Science Foundation. “Yet barriers remain, particularly in foundational infrastructure and education.”Governments are also ramping up talent development. Nigeria, for example, recently launched an annual initiative to train 1,000 citizens in artificial intelligence and blockchain technologies. Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fightWeiter zum vollständigen Artikel bei Cointelegraph Weiter zum vollständigen Artikel bei CointelegraphWeiter zum vollständigen Artikel bei Cointelegraph Weiter zum vollständigen Artikel bei Cointelegraph