UTU Hackathon 2021: It’s an NFT Boom
27 hackers, 4 teams, and 48 hours to get the job done! UTU’s second hackathon, co-hosted by UTU Technology, MaxVoice and Ariginal from March 15 to 17 in Melbourne and Hangzhou, came to a close with rapturous applause from participants who were inspired and fired up by great presentations.
The second Hackathon is all about NFT. NFT, or non-fungible token, is the latest cryptocurrency phenomenon to go mainstream. It transforms digital artworks and other collectibles into one-of-a-kind, verifiable assets that are easy to trade and track on the blockchain ledger. Examples of NFT range from digital artworks and sports cards to pieces of land in virtual environments.
The best way to learn a new technology is to actually start making things with it. For this hackathon, the goal is to learn NFT through collaboration and friendly competition. It is a competition that pits the entire company in a battle to produce the coolest, geekiest, and most compelling NFT hacks. We make an effort to bring together developers, product managers, business analysts, and content creators to harness ideas and creativity to explore the new possibilities of NFT.
After 48 hours, four teams successfully delivered their projects and product demo. Projects are judged based on 3 criteria: execution, innovation, and integration with our current products. In addition to the gratification of hacking for change, the winners are rewarded with the hope to launch their hack and become a future spot on our product roadmap.
Technology can be cool but not innovative—and vice versa. Since its inception, UTU has empowered all employees to innovate. This hackathon taps into this vast innovation pool to make a difference in leveraging blockchain technology and the non-fungible token economics.
Be bold, be innovative, and have fun. Next time we’ll go even bigger.