according to materials from the site - By DeFi Planet

Amber Group, a global company specializing in digital assets, headquartered in Singapore, has introduced BUIDL_QUESTS 2025, its second annual Web3 hackathon held as part of its amber.ac acceleration program.

This year, the event includes incentive prizes totaling over $10 million, underscoring the company's commitment to accelerating the development of AgentFi — a crypto-native model where autonomous AI-based agents act as decentralized economic agents in blockchain networks.

As the concept of AgentFi gains traction, it is positioned as a new frontier in crypto innovations. These intelligent agents are designed to function as wallets, traders, creators, and management elements in decentralized ecosystems. To support this evolution, the hackathon is structured around two key areas: developing the foundational infrastructure, including multi-agent protocols and on-chain decision-making mechanisms, as well as creating practical applications like agent-based dApps, DAO automation tools, and autonomous DeFi services.

To attract top talent, Amber Group offers one of the most extensive support packages ever seen at a Web3 hackathon. It includes a prize pool of $50,000, an investment pool of $5 million from leading venture firms, and over $5 million in liquidity support for AI and DeFi-related projects. Additionally, participants will receive incentive tokens $MIA, AWS cloud credits, access to the RootData API, and travel grants to participate in the final demo day in Singapore as part of Token2049.

The hackathon will officially take place from July 21 to August 20. Shortlisted teams will be announced on September 1, followed by mentoring and demo sessions, culminating in a final event showcasing projects on September 30. Projects demonstrating a high alignment with AgentFi and cryptocurrencies may also be eligible for further support, including access to over $20 million in incentives with a total locked value (TVL) to facilitate the deployment and scaling of the mainnet.

Meanwhile, as part of a similar project reflecting the growing interest of investors in hybrid crypto models, the Memes Lab platform, which combines SocialFi and meme coins, raised $2.3 million in a seed round. The round was conducted by Lemniscap with participation from Animoca Brands, OKX Ventures, KuCoin Ventures, Amber Group, and other major players, indicating sustained interest in innovations at the intersection of crypto culture and finance.

$XRP, $BNB, $SOL

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