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OKX Ventures publicly announced leading the investment in BeWater, an early-stage Web3 Venture Studio and global developer platform.

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BeWater will focus on supporting early-stage startup projects, committed to building a robust Web3 product ecosystem.

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Source: OKX

OKX Ventures announced today that it has completed its investment in BeWater. As an experienced web3 Venture Studio, OKX Ventures will focus on supporting early-stage startups and building a strong Web3 product ecosystem. The ecosystem will enable quick invitation of international developers to participate in hackathons and other activities within 10 minutes.

So far, more than 100 workshops, demo days, hackathons and other events have been successfully completed, focusing on various programming languages such as Solidity, Rebase, and Move, as well as providing technical development stacks for mainstream public chains, including Starknet, Bitcoin, and Polkadot. At these events, more than 25,000 engineers and developers certified by GitHub from over 50 countries have contributed to innovative projects. As a Web3 Venture Studio, BeWater has rich experience and professional guidance. In the recently concluded "ABCDE BTC Hackathon", it helped projects in eight different tracks achieve significant progress, such as obtaining oversubscribed funding for seven BTC ecosystem projects in just ten days of immersive training camp.

OKX Ventures founder Dora Yue said: "OKX Ventures is committed to empowering the developer community, aiming to provide early support to Web3 elite entrepreneurs and geeks in the encrypted community worldwide. BeWater shares our vision and provides innovative entrepreneurial teams with products and ecological growth from 0 to 1, especially in adapting to C-end user scenarios and optimizing UX interactive experience. Based on this strategic cooperation, we look forward to joining hands to help entrepreneurial teams strengthen their operations in user growth and promote the landing and commercial application of innovative technologies for developers, especially during the new era of Web3."

OKX Ventures is the investment team of the world's leading cryptocurrency exchange, OKX.com. The first phase has a scale of 100 million US dollars, focusing on project exploration and investment in blockchain underlying infrastructure, Layer2, DEFI, WEB3.0, NFT, Metaverse and other directions.