U2U Network, HackQuest Launch $4M VietBUIDL Hackathon

U2U Network and HackQuest launched the VietBUIDL Hackathon 2025 in Vietnam, featuring a $4 million prize pool, focusing on blockchain project development, running from August 22 to October 6, 2025.

This event signifies increased institutional interest in blockchain innovation in Vietnam, potentially impacting U2U Network’s ecosystem and boosting developer engagement within the country’s tech landscape.

VietBUIDL 2025 Offers $4 Million Prize

The VietBUIDL Hackathon 2025 has kickstarted with a notable $4 million prize pool. Hosted by SSID, it’s aimed at advancing blockchain projects in Vietnam. Registrations opened on August 22 and will run through October 6, 2025.

Key organizations are involved, including SSID, U2U Network, and HackQuest, supported by Amazon Web Services. The hackathon aims to scale blockchain projects within U2U’s ecosystem, intending to boost local tech innovation. Alice Brown, Head of Blockchain Initiatives at AWS, mentioned, “We are excited to provide technical support for the VietBUIDL Hackathon, empowering budding developers to leverage AWS technology in their blockchain solutions.”

U2U Network to Benefit Financially

The hackathon is expected to have significant financial impacts, specifically on the U2U Network. It will likely facilitate ecosystem growth and increase engagement from developers and venture capitalists.

Insights suggest potential regulatory openness in Vietnam towards blockchain innovation. Historical trends show Layer-1 hackathons like this can enhance transaction value and total value locked, as highlighted in similar past events.

Layer-1 Hackathons Boost Blockchain Development

Compared to previous Layer-1 hackathons, such events have led to development spikes and short-term advancements in the sector. Solana and Avalanche have seen similar participation growth, reflecting positive outcomes for U2U’s efforts.

Expert analysis from Kanalcoin indicates the event could foster increased adoption and participation in blockchain applications. This hackathon is strategically aligned with Vietnam’s digital strategy, emphasizing regulations and market expansion.