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

BlockBeats News, September 21st, announced that BeWater, a decentralized hackathon platform and global open-source developer organization, has completed a $1 million angel round of financing. This round of financing was led by ABCDE and OKX Ventures, with follow-up investments from ScalingX, Galaxy Mercury Asia, Contentos, and individual investor Blake Gao. BeWater.xyz provides standardized event services, including hackathons, and boasts the ability to launch a hackathon in 10 minutes without permission. In the three months since its launch, it has collaborated with large ecosystems such as zkSync, Celestia, Polyhedra, Taiko, Aleo, Solana, NEO, and Sei to hold more than 20 hackathons, with a prize pool exceeding $2 million. As of now, BeWater.xyz has gathered over 22,000 Github-certified developers and over 3,000 Figma-certified designers from more than 50 countries around the world. It has integrated an open-source project code scanning engine, which can generate developer profiles by simply entering the developer's Github. It has scanned hundreds of thousands of lines of code and established profiles for more than 20,000 developers, with over 1 million developer profile tags.