The decentralized hackathon platform BeWater has completed a $1 million angel round of financing, led jointly by ABCDE and OKX Ventures

ChainCatcher news, the decentralized hackathon platform and global open-source developer organization BeWater announced the completion of a $1 million angel round financing. This round of financing was co-led by ABCDE and OKX Ventures, with follow-up investments from ScalingX, Galaxy Mercury Asia, Contentos, and individual investor Blake Gao.

It is reported that BeWater.xyz provides standardized event services including hackathons, featuring a permissionless setup that allows a hackathon to be launched in just 10 minutes. In the three months since its launch, it has collaborated with major ecosystems such as zkSync, Celestia, Polyhedra, Taiko, Aleo, Solana, NEO, and Sei to host over 20 hackathons, with a prize pool exceeding $2 million.

As of now, BeWater.xyz has gathered over 22,000 GitHub-certified developers and more than 3,000 Figma-certified designers from over 50 countries worldwide. It has integrated an open-source project code scanning engine, allowing developers to generate their profiles by simply entering their GitHub accounts. It has already scanned hundreds of thousands of lines of code, establishing profiles for over 20,000 developers, with the number of profile tags exceeding 1 million.