Close Menu
KumbhCoinorg
    What's Hot

    Bars close and hundreds lose jobs as US firm buys Brewdog in £33m deal

    March 2, 2026

    Cake Wallet Launches Bitcoin Lightning Network Support With Full Self-Custody And Privacy Defaults

    March 2, 2026

    Rembrandt painting worth millions rediscovered after 65 years

    March 2, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Bars close and hundreds lose jobs as US firm buys Brewdog in £33m deal
    • Cake Wallet Launches Bitcoin Lightning Network Support With Full Self-Custody And Privacy Defaults
    • Rembrandt painting worth millions rediscovered after 65 years
    • How Nvidia Moves BTC & Altcoins
    • Stuck in Dubai, PV Sindhu pulls out of All England amid rising tensions in Middle East | Badminton News
    • CA Foundation, Inter results 2026 to release on THIS date: Check details here
    • Bitcoin v/s WW3: Why This Isn’t a Market Crash and What It Means for Your Portfolio
    • Paxful Hit With $4M Penalty Over Criminal Fund Transfers
    Facebook X (Twitter) Instagram
    KumbhCoinorg
    Monday, March 2
    • Home
    • Crypto News
      • Bitcoin & Altcoins
      • Blockchain Trends
      • Forex News
    • Kumbh Mela
    • Entertainment
      • Celebrity Gossip
      • Movie & TV Reviews
      • Music Industry News
    • Market News
      • Global Economy Insights
      • Real Estate Trends
      • Stock Market Updates
    • Education
      • Career Development
      • Online Learning
      • Study Tips
    • Airdrop News
      • Ico News
    • Sports
      • Cricket
      • Football
      • hockey
    KumbhCoinorg
    Home»Crypto News»Blockchain Trends»Market’s pulling back
    Blockchain Trends

    Market’s pulling back

    kumbhorgBy kumbhorgOctober 19, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Market’s pulling back
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link

    Imagine you’re a fresh-faced developer, hyped up and ready to build your first big project. You’ve got at least 3 RedBulls in your veins, a GitHub repo open, and a dream.

    Then you see it: a hackathon. Big names, big prizes, big opportunity. Sounds… perfect... right?

    On September 2, Base hosted the Onchain Summer Awards, a hackathon celebrating the most innovative and widely used consumer mini-apps in the Base ecosystem. 500+ developer teams joined in to chase a $200,000 prize pool.

    Pretty solid deal, props to Base for supporting the community…

    … is something I’d be saying if this thing wasn’t rigged.

    Dog shocked

    On October 7, Base announced the winners.

    That’s when an X user named Alanas, co-founder of Ogvio (an international money transfer service), noticed something… off.

    While browsing through the Top New Consumer Apps category, he realized two of the winning projects – owatch (second place) and Opi Trade (third) – were hella sus.

    According to his findings, both apps were basically AI-generated landing pages with no working buttons, no product, and no real functionality.

    Further investigation revealed that some of these AI-generated shell projects were connected to Coinbase employees – the same company behind the Base network, and, conveniently, the hackathon’s organizer.

    Which is VERY interesting, to say the least.

    Hackathons are supposed to be these exciting, open events where anyone can showcase their skills, meet other builders, and maybe even turn a side project into a funded startup.

    But when insiders and AI-generated projects win over actual working products, that whole community empowerment thing starts to sound a bit hollow.

    And it’s not just Base. Developers have been skeptical about hackathons for years.

    Across forums and social media, people have complained that many of these events are more about PR and brand image than genuine innovation.

    Some even call them exploitative – getting developers to pour hours into building ideas that companies can then use for free, all under the cozy banner of “community building.”

    The list of hackathon controversies is long, actually: CodeX with its underwhelming rewards, Hack the Hill raising fees on student participants, Salesforce’s “pre-made project” winner scandal back in 2013…

    It’s almost like you can’t host a hackathon these days without a bit of drama. So, it makes you wonder: are hackathons even worth it?

    Hm meme

    Maybe the better answer is: not in the way we’re told they are.

    Hackathons sell the idea of “the best builders win.”

    But in practice, they often reward connections, presentation skills, or simply being on the inside. The judging is opaque, the timelines unrealistic, and the prizes disproportionately small compared to the value companies extract from the publicity and submissions.

    That doesn’t mean no one benefits – just that it’s rarely the participants:

    👉 For organizers, a hackathon is cheap marketing: a burst of social media buzz and free R&D disguised as community engagement.

    👉 For developers, it’s unpaid labor dressed up as opportunity.

    Sure, you might still learn something or meet someone useful – but those are side effects, not the point.

    So maybe the question isn’t “are hackathons worth it?”

    It’s “worth it for whom?”

    Markets Pulling
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleEUR/USD Weekly Forecast: Euro Stabilizes Amid Easing Politics, Weaker Dollar
    Next Article COAI Crypto Drops After Sprinting 100X: Is Chain Opera AI Run Finished?
    kumbhorg
    • Website
    • Tumblr

    Related Posts

    Blockchain Trends

    Paxful Hit With $4M Penalty Over Criminal Fund Transfers

    By kumbhorgMarch 2, 2026
    Blockchain Trends

    Tether Launches USAT Stablecoin Under U.S. GENIUS Act

    By kumbhorgMarch 2, 2026
    Blockchain Trends

    BlockFills Halts Deposits, Withdrawals Due to Market Drop

    By kumbhorgMarch 1, 2026
    Blockchain Trends

    Bitcoin Faces FOMC Test as Past Meetings Trigger Sharp Selloffs

    By kumbhorgMarch 1, 2026
    Forex News

    US and Israel attack Iran, risk aversion to sweep global markets

    By kumbhorgMarch 1, 2026
    Blockchain Trends

    Bank Groups Urge OCC to Hit Pause on Crypto Trust Charters

    By kumbhorgFebruary 28, 2026
    Add A Comment

    Comments are closed.

    Don't Miss

    Bars close and hundreds lose jobs as US firm buys Brewdog in £33m deal

    By kumbhorgMarch 2, 2026

    Beverage and cannabis company Tilray acquires the brewery, the brand and 11 bars after Brewdog…

    Cake Wallet Launches Bitcoin Lightning Network Support With Full Self-Custody And Privacy Defaults

    March 2, 2026

    Rembrandt painting worth millions rediscovered after 65 years

    March 2, 2026

    How Nvidia Moves BTC & Altcoins

    March 2, 2026
    Top Posts

    Satwik-Chirag storm into China Masters final with straight-game win over Malaysia | Badminton News

    September 21, 2025132 Views

    SaucerSwap SAUCE Crypto Breaks Key Resistance Amid Nvidia-Hedera Deal

    July 15, 202545 Views

    Unlocking Your Potential with Mubite: The Future of Crypto Prop Trading

    September 17, 202533 Views

    Stablecoins 2025 Exchange Reserves: Insights into DeFi Trends

    September 8, 202532 Views
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us

    Welcome to KumbhCoin!
    At KumbhCoin, we strive to create a unique blend of cultural and technological news for a diverse audience. Our platform bridges the spiritual significance of the Kumbh Mela with the dynamic world of cryptocurrency and general news.

    Facebook X (Twitter) Pinterest WhatsApp
    Our Picks

    Bars close and hundreds lose jobs as US firm buys Brewdog in £33m deal

    March 2, 2026

    Cake Wallet Launches Bitcoin Lightning Network Support With Full Self-Custody And Privacy Defaults

    March 2, 2026

    Rembrandt painting worth millions rediscovered after 65 years

    March 2, 2026
    Most Popular

    7 things to know before the bell

    January 22, 20250 Views

    Reeves optimistic despite surprise rise in UK borrowing

    January 22, 20250 Views

    Barnes & Noble stock soars 20% as it explores a sale Barnes & Noble stock soars 20% as it explores a sale

    January 22, 20250 Views
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • About Us
    © 2026 Kumbhcoin. Designed by Webwizards7.

    Type above and press Enter to search. Press Esc to cancel.