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0G Labs Sponsors ETHGlobal Cannes Hackathon and Supports $275K Prize Pool

0G Labs Sponsors ETHGlobal Cannes Hackathon and Supports $275K Prize Pool

0G Labs was an official sponsor and partner of EthGlobal Cannes, the major hackathon hosted at EthCC in the South of France. From July 4-6 in Cannes, the hackathon nurtured a global pool of web3 developer talent, and 0G Labs supported the $275K prize pool.
More than 800 attendees were present at ETHGlobal Cannes, including members of at least 27 protocols, who participated in dozens of workshops throughout the hackathon. 0G Labs committed $5,000 in prizes to the three hackathon teams that showcased the most innovative use of the 0G ecosystem.
This track rewarded developers who demonstrate creative and impactful use cases leveraging 0G's unique capabilities, such as its storage throughput, infinitely scalable DA layer, decentralized AI compute network, and EVM-compatible chain.
0G welcomed submissions from teams developing solutions addressing AI-powered dapps with verifiable computation; decentralized machine learning platforms; storage solutions for massive datasets; onchain gaming with AI components; and DeFi protocols enhanced with AI. Submissions that integrated at least one 0G core component and included a fully functional demo on the 0G testnet were eligible for judging.
The hackathon attracted a diverse range of teams and concepts, with AInfluencer, Warriors AI-rena, and PrivyCycle all innovating with 0G's tech stack. In addition, a number of 0G ecosystem projects were awarded prizes by hackathon judges, including Mind Network and Tingz, which placed third and fourth, respectively, in the AKINDO Showcase and shared in a total prize pool worth $13K.
0G Labs CEO Michael Heinrich said, prior to the event, 'We're excited to be involved with ETHGlobal Cannes this year, which promises to be much more than just a hackathon. With hundreds of the industry's best developers working side-by-side for three days straight, great things are sure to happen, and we can't wait to see what teams create using 0G's tech stack.'
In addition to 0G Labs, ETHGlobal Cannes' $275K prize pool included funding and other incentives provided by LayerZero, 1inch, World, Oasis Protocol, and Chainlink. Other partners confirmed for the event include Hedera, Ledger, Circle, and The Graph.
ETHGlobal united solo developers and teams seeking to experiment with cutting-edge web3 technologies and develop new applications with real-world utility.
Key themes from the hackathon ranged from zero-knowledge proofs to AI. Other verticals explored by developers during ETHGlobal include Layer 2s, interoperability, privacy & security, data availability, and identity.
About 0G
0G is the first decentralized AI protocol (AIP). A modular, infinitely scalable layer 1, 0G makes possible decentralized AI apps to bring about a truly democratized future of intelligence. Designed for AI execution at scale, 0G unifies decentralized storage, compute, and data availability (DA) to support the next generation of AI-native applications. With high-performance infrastructure, verifiable AI processing, and a permissionless agent ecosystem, 0G is building the foundation for an open, unstoppable AI economy.
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Cryptoprivacy on trial: jury to decide if Tornado Cash's Roman Storm is a $1B money launderer or a free speech hero
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A federal jury in Manhattan is about to get an education in cryptocurrency mixing, the future of "DeFi," and how North Korean dictator Kim Jong Un pays for his nukes. Jury selection begins Monday, and cyberprivacy advocates say the verdict will shape the very future of decentralized finance, or DeFi. That's the blockchain-based system where users can lend, borrow, and earn interest on cryptocurrencies person to person, bypassing banks, exchanges, or the stock market. According to an online resource for currency traders, the DeFi market has a market value of about $121 billion. Opening statements may begin as early as Tuesday. "If I lose my case, DeFi dies with me," the trial's lone defendant, Seattle-based software developer Roman Storm, rather dramatically pronounced in a podcast a week ago. Storm is one of the creators of Tornado Cash, a software tool that digitally "mixes" cryptocurrency, scrambling transactions to make them even more anonymous. 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Federal and UN officials say Kim uses the Lazarus Group to fund his nuclear missile program. In 2022, the Biden Treasury Department barred US citizens from using Tornado Cash, saying that Lazarus Group and other cybercrooks used it to launder more than $7 billion in criminal proceeds. The Trump Treasury Department lifted these sanctions without explanation in March. A DeFi cause célèbre Storm is now a cause célèbre among DeFi and blockchain privacy advocates. Amicus briefs on his behalf have been filed by the Blockchain Association, Coin Center, the DeFi Education Fund, Paradigm, and the Electronic Frontier Foundation. He has received significant financial support as well. According to more than $2.5 million in the Ethereum network-backed cryptocurrency Ether has been donated for Storm's and fellow Tornado Cash developer Alexey Pertsev's legal defense, thanks to fundraising by the Ethereum Foundation, Paradigm, and others. Pertsev was convicted of money laundering in a Dutch court last year. A third Tornado Cash cofounder, Roman Semenov, was charged with Storm but remains a fugitive. The defense contends in court filings that Storm never had control over or custody of the money that passed through his cryptocurrency mixing tool and never knowingly helped cybercriminals. "I did not have any contact whatsoever with any criminals, any criminal organizations, any illicit actors, any North Koreans," Storm said on the podcast Crypto in America. Prosecutors say communications show otherwise, including one in which Storm told his cofounders, "Guys, we're fucked" as the bits, so to speak, hit the fan. Privacy advocates and Storm himself complain that his prosecution persists despite a DOJ memo in April announcing the office "will no longer target virtual currency exchanges, mixing and tumbling services, and offline wallets for the acts of their end uses." 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Just like the Ethereum network, or the bitcoin network, or the internet," he said. "It's immutable and decentralized," he said. "It's unstoppable." Storm remains free on $2 million bail and faces up to 40 years in prison if convicted. "I don't have a 100% answer right now," he said when the podcasters asked if he intends to take the stand. "I may, or may not." The trial is expected to last at least three weeks.

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