The awards ceremony for the 'Blockfesta 2022' Web3 Startup Pitch Competition, hosted by Block Media, was held on the 14th at the Uprise Lounge in Gangnam, Seoul.

Tracer won first place, followed by MarinaChain in second place, with AM Management and LemonChain taking joint third place. Choi Soon-joong, CEO of Block Media, presented the awards to each team.

The winning teams were granted cash prizes along with special benefits, including investment opportunities and exclusive interviews with Block Media. The prize money awarded was 3 million KRW for first place, 2 million KRW for second place, and 1 million KRW for third place.

MarinaChain secured second place at 'Blockfesta 2022,' a startup pitch competition organized by Block Media. Held under the theme "New Spring under Web 3.0," the event brought together industry players to explore the future of Web 3.0 amid the crypto winter.

Following the awards presentation, participants engaged in a networking session.

Block Media held the Web3 startup pitch competition as part of Blockfesta 2022 at the Uprise Lounge on the 2nd. A total of ten finalist teams presented their business visions before judges from prominent domestic and international venture capital firms. The judging panel included representatives from Hashed, a41, Credit Scend, Foresight Ventures, and BKEX Labs.

Block Media is Korea's first media outlet specializing in blockchain and digital asset markets. The organization hosts the annual Blockfesta conference, which this year focused on the theme "Spring of Web3" to discuss strategies and preparations needed for industry innovation.

Source : blockmedia.co.kr/archives/279704