amber.ac BUIDL_QUESTS Innovation Challenge Concludes, Truworld, Openbit, QSTN Win First, Second, and Third Place, Incubated Project Acorn Network Launches Points System
Amber Group successfully held the award ceremony for the amber.ac BUIDL_QUESTS innovation challenge at its Singapore headquarters. Truworld, OpenBit, and QSTN projects won the first, second, and third prizes respectively. BUIDL_QUESTS is the first Web3 innovation challenge held by Amber Group's accelerator, amber.ac, and it received support from strategic partners including Hong Kong University of Science and Technology, BingX, Chainbase, Superscrypt, Sahara AI, Thoughtworks, and Nine Tech. The competition started in July 2024, covering three tracks: AI, BTCFi, and other crypto innovations, attracting nearly 200 participating teams from nearly 40 countries and regions around the world. The award ceremony also officially announced Acorn Network, one of the first projects incubated by amber.ac. Acorn Network is a Bitcoin cross-chain liquidity protocol. It secured nearly 100 BTC shares in the Babylon first-round staking and has now launched its points system, with a TVL exceeding $20 million.