Defy'27

Overview DeFy'27 is a Web3 hackathon designed for students passionate about entrepreneurship, innovation, technology and decentralization. Going beyond traditional hackathons, DeFy'27 combines technological innovation with entrepreneurial thinking, challenging participants to identify real-world problems and develop practical, business-oriented solutions powered by Web3. The hackathon follows a two-round format, beginning with an online idea submission round, followed by an intensive 24-hour onsite hackathon at VIT Chennai for shortlisted teams. Event at a Glance Organised by: DAO Community and Business Innovation Community, VIT Chennai Onsite hackathon: 9-10 January 2027 (24 hours, across two days) Venue: VIT Chennai Team size: 4-6 members Tracks: 3 Prize pool: ₹1,00,000 Format: Round 1 online idea submission, then Round 2 onsite hackathon. Dates are tentative and may be updated. Any changes will be announced on the official platform. Tracks Defi Public goods Open innovation Teams choose one track and identify their own problem statement within it. Prizes DeFy'27 offers a total prize pool of ₹1,00,000. We will announce the detailed prize distribution soon. Round 1: Online Idea Submission Step 1: Choose a Track Explore the three tracks and select the one that best aligns with your interests and the problem you wish to address. Step 2: Identify a Problem Statement Identify a meaningful real-world problem within your chosen track. Understand the problem, its target audience and the opportunity for an innovative solution. Step 3: Form Your Team Create a team of 4 to 6 members on the official hackathon registration platform. Ensure all members join the team and complete the registration process. Step 4: Develop Your Idea Develop an innovative solution aligned with your selected track. Your proposal should demonstrate the potential to become a practical, Web3-powered solution. Think beyond technology. Consider your business model, target audience, feasibility, scalability and real-world impact. Step 5: Submit Your Idea Complete the prescribed submission template and provide all the required details. Your submission must clearly outline: The problem you aim to solve. Your proposed solution. Its alignment with your selected track. How Web3 contributes to your solution. Its potential business value and real-world impact. Step 6: Shortlisting Results All submissions will be evaluated based on innovation, relevance, feasibility and potential impact. The most promising teams will be shortlisted for Round 2 and notified about their qualification for the onsite hackathon. Round 2: Onsite Hackathon (9-10 January 2027) Step 7: Confirm Your Participation Shortlisted teams must complete the required RSVP process to confirm their participation in the onsite hackathon. Step 8: The 24-Hour Hackathon Qualified teams will participate in an intensive, in-person 24-hour hackathon at VIT Chennai, starting on 9 January and concluding on 10 January 2027. Step 9: Build Your Submitted Project Teams must develop the project proposed during Round 1. The final project must remain aligned with the original submission and selected track. Participants are expected to transform their initial ideas into working solutions, demonstrating technical execution, innovation and entrepreneurial thinking. Important Reminders Teams must have 4 to 6 members. Choose one of the 3 tracks that aligns with your interests and proposed solution. Ensure your problem statement and solution fit your selected track. Complete team formation and registration as instructed. Submit your idea using the prescribed template. Await the Round 1 shortlisting results. Shortlisted teams must complete their RSVP and attend the onsite hackathon on 9-10 January 2027. The project developed during Round 2 must correspond to the original Round 1 submission. Identify a problem. Develop an idea. Build your solution. Bring your vision to life at DeFy'27! Organised by DAO Community and Business Innovation Community VIT Chennai.