TechFlow news — BeWater, a decentralized hackathon platform and global open-source developer organization, has announced the completion of a $1 million pre-seed funding round. The round was co-led by ABCDE and OKX Ventures, with participation from ScalingX, Galaxy Mercury Asia, Contentos, and individual investors including Blake Gao.
BeWater.xyz offers standardized competition services, including hackathons, enabling users to launch a hackathon in just 10 minutes without permission. Within three months of launch, BeWater has partnered with major ecosystems such as zkSync, Celestia, Polyhedra, Taiko, Aleo, Solana, NEO, and Sei to host over 20 hackathons, with prize pools exceeding $2 million.
To date, BeWater.xyz has brought together more than 22,000 GitHub-verified developers from over 50 countries and over 3,000 Figma-certified designers. The platform integrates an open-source project code scanning engine that automatically generates developer profiles by scanning GitHub repositories. It has analyzed hundreds of thousands of lines of code, creating profiles for over 20,000 developers, with more than 1 million developer profile tags generated.
BeWater draws its name from Laozi's Tao Te Ching: "Water benefits all things without contention; flowing water does not compete, yet it strives to flow endlessly." BeWater’s mission is to become the world’s best open innovation platform—serving as the water behind global open-source developers, nourishing all things and driving an unstoppable global open-source movement.
