amber.ac BUIDL_QUESTS Innovation Challenge Concludes, Truworld, Openbit, QSTN Win First, Second, and Third Prizes, Incubation Project Acorn Network Launches Points System

Amber Group successfully held the amber.ac BUIDL_QUESTS Innovation Challenge Award Ceremony at its Singapore headquarters, with Truworld, OpenBit, and QSTN projects winning first, second, and third prizes respectively. BUIDL_QUESTS is the first Web3 Innovation Challenge held by Amber Group's accelerator amber.ac, and has received support from strategic partners such as the Hong Kong University of Science and Technology, BingX, Chainbase, Superscrypt, Sahara AI, Thoughtworks, and Nine Technologies. The competition started in July 2024, covering three tracks including AI, BTCFi, and other crypto innovations, attracting nearly 200 teams to join, covering nearly 40 countries and regions around the world. The award ceremony also officially announced one of the first projects incubated by amber.ac - Acorn Network. It is reported that Acorn Network is a Bitcoin cross-chain liquidity protocol, which occupies nearly 100 BTC shares in the first round of Babylon staking. The points system has been launched and the TVL exceeds 20 million US dollars.