The true value of an idea lies not solely in its conception but in the execution and realization of that idea into a tangible outcome or product.
The foremost criterion is innovation. Participants are encouraged to create solutions that are innovative and unique, setting them apart from existing market solutions. This means offering a novel approach or technology that hasn't been frequently attempted. Additionally, we'll assess how AI or web3 or ‘AI &Web3’ integration is leveraged to solve problems.
The team should consist of at least two co-founders and could be up to 5 members with diverse backgrounds. We will be looking at the diversity of skill sets within the team, including technical, business, and domain expertise that fit the project.
The solution should demonstrate technical competence and quality. Please check for adequate documentation, especially on GitHub, to ensure third parties can understand and follow the code.
The solution should have a well-defined target audience and potential for growth. The business model should be well-defined, showcasing the solution's value proposition, monetization strategies, and scalability.
Participants are required to create a fresh repository, use open-source code as needed, develop a project with broad applicability (scalability), and focus on crafting a completely new feature or functionality they haven't worked on previously for their hackathon project. These guidelines aim to encourage innovation and collaboration during the event.