OKX Ventures, the investment arm of the renowned crypto exchange and Web3 technology company OKX, has taken a significant step in the Web3 domain by leading an investment round in BeWater, a Web3 venture studio.
BeWater has emerged as a pivotal player in the Web3 landscape, offering a global developer platform that streamlines the creation of open-innovation campaigns and events, including hackathons, in a remarkably short span of 10 minutes.
Already, BeWater has initiated over 100 campaigns, showcasing a versatile range of coding languages such as Solidity, Rebase, and Move. This platform is not just limited to language diversity; it also integrates various Layer 1 chains and toolkits, including Starknet, Bitcoin, and Polkadot. The platform’s reach and effectiveness are evident in its impressive network of over 25,000 GitHub-certified developers hailing from more than 50 countries.
BeWater’s Web3 venture studio is particularly focused on fostering early-stage startups and cultivating a thriving Web3 product ecosystem. A recent testament to their success is the ‘ABCDE BTC Hacker Camp’ held in November 2023. This event was a triumph, with seven BTC ecosystem projects securing oversubscribed funding within a mere ten days, featuring intensive bootcamps and BTC workshops.
Dora Yue, the Founder of OKX Ventures, expressed her enthusiasm about the partnership. She emphasized OKX Ventures’ commitment to empowering the developer community and supporting Web3 and crypto builders.
Yue highlighted the alignment of BeWater’s vision with that of OKX Ventures, particularly in its emphasis on leveraging the experience of building from scratch to foster progress.
She stated, “Together, we aim to advance the widespread adoption of Web3 technology, enhance practical use cases, and deepen engagement in Web3 from Web2.”
As lead investors in BeWater, OKX Ventures is set to play a pivotal role in enriching user awareness and amplifying the influence of builders in the evolving crypto and Web3 space. This collaboration marks a significant stride towards embracing and advancing the potential of Web3 technologies.