Close Menu
KumbhCoinorg
    What's Hot

    Pesona Flora Langka Di Jantung Hutan Indonesia » Dashofinsight

    May 17, 2026

    Virat Kohli vs Harpreet Brar! RCB star challenges PBKS spinner to run him out during heated moment in IPL 2026

    May 17, 2026

    Manchester United v Nottingham Forest: Commentary, updates, goals and stats

    May 17, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Pesona Flora Langka Di Jantung Hutan Indonesia » Dashofinsight
    • Virat Kohli vs Harpreet Brar! RCB star challenges PBKS spinner to run him out during heated moment in IPL 2026
    • Manchester United v Nottingham Forest: Commentary, updates, goals and stats
    • 2026 Stanley Cup Playoffs: Conference Final Schedule
    • ‘We need working-class voices to enrich culture’
    • The Trump Family Trust Bought Bitcoin-Linked Stocks In First Quarter: Filing
    • The 'prince of pop art who was forgotten by his home' city finally gets exhibition
    • Ravi Shastri backs Vaibhav Sooryavanshi for India debut next month
    Facebook X (Twitter) Instagram
    KumbhCoinorg
    Sunday, May 17
    • 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

    Global Economy Insights

    The Effects of Immigration on Labor Markets

    By kumbhorgMay 13, 2026
    Forex News

    NFP set to rise by 62K in April as markets assess Fed rate outlook

    By kumbhorgMay 8, 2026
    Blockchain Trends

    Polygon’s $250M Move Into Stablecoin Payments Explained

    By kumbhorgMay 7, 2026
    Bitcoin & Altcoins

    BlackRock Bitcoin ETF IBIT Is the Markets Safety Net as Institutions Demand ‘Permission’

    By kumbhorgMay 6, 2026
    Forex News

    AUD Slips as Markets Dial Back Aggressive RBA Hike Expectations

    By kumbhorgApril 29, 2026
    Market News

    Stock markets are too high and set to fall, says Bank of England deputy

    By kumbhorgApril 24, 2026
    Add A Comment

    Comments are closed.

    Don't Miss

    Pesona Flora Langka Di Jantung Hutan Indonesia » Dashofinsight

    By kumbhorgMay 17, 2026

    Dunia botani selalu menyimpan cerita yang tidak pernah habis untuk dikupas. Di antara jutaan spesies…

    Virat Kohli vs Harpreet Brar! RCB star challenges PBKS spinner to run him out during heated moment in IPL 2026

    May 17, 2026

    Manchester United v Nottingham Forest: Commentary, updates, goals and stats

    May 17, 2026

    2026 Stanley Cup Playoffs: Conference Final Schedule

    May 17, 2026
    Top Posts

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

    September 21, 2025176 Views

    SaucerSwap SAUCE Crypto Breaks Key Resistance Amid Nvidia-Hedera Deal

    July 15, 202548 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

    Pesona Flora Langka Di Jantung Hutan Indonesia » Dashofinsight

    May 17, 2026

    Virat Kohli vs Harpreet Brar! RCB star challenges PBKS spinner to run him out during heated moment in IPL 2026

    May 17, 2026

    Manchester United v Nottingham Forest: Commentary, updates, goals and stats

    May 17, 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.