Blockchain for Good Alliance
Blockchain for Good Alliance (BGA) is a non-profit initiative founded in 2025 by Bybit that runs hackathons, incubation, awards, and grant programs supporting blockchain projects addressing social impact, serving builders, policymakers, and multilateral institutions worldwide.
- Company typePrivate
- Founded2025
- Headquarters—
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Blockchain for Good Alliance does
Blockchain for Good Alliance (BGA) is a non-profit initiative founded in 2025 by Bybit, the world's second-largest cryptocurrency exchange, to support blockchain-based projects addressing social impact challenges. Rather than shipping a single product, BGA operates as a convening and funding hub composed of four interconnected programs: Global Hackathons that surface early-stage blockchain projects under a "Blockchain for Good" track, an Incubation Program that provides expert guidance, resources, branding, and market access to selected cohorts, BGAwards which recognize outstanding Web3-for-good achievements (over $160,000 in prizes distributed at the 2025 edition), and the Web3Key Fund which provides direct sponsorship grants to builders.
BGA serves four primary constituencies: blockchain projects and startups addressing real-world challenges such as financial inclusion, sustainability, supply chain transparency, and disaster response; policymakers and government officials engaging on blockchain for digital governance; multilateral institutions including UNDP for sustainable development collaboration; and Web3 builders seeking funding, mentorship, and ecosystem credibility. Distribution is anchored in high-profile international venues — the inaugural Blockchain Impact Forum in Copenhagen co-organized with UNDP AltFinLab, sessions at the UN Internet Governance Forum in Oslo, the UN Cultural Diplomacy Forum in Geneva, and the first Impact Leaders' Summit at the UK House of Lords — alongside an online application portal at chainforgood.org.
The alliance's revenue mechanics are grant-based rather than commercial: BGA charges nothing for its programs and disburses funds from the Web3Key Fund plus ecosystem partner contributions, with Mantle, Tencent Cloud, Mirana Ventures, Animoca Brands, and Nansen acting as co-funders of recent hackathons. Strategic positioning centers on advancing blockchain as verifiable trust infrastructure for AI systems and public-interest governance, with the Turing Test Hackathon 2026 ($120,000 prize pool) explicitly targeting AI agent and blockchain convergence. As a corporate-founded impact vehicle, BGA's operating budget is structurally tied to Bybit ecosystem support rather than independent fundraising.
Blockchain for Good Alliance firmographics
Firmographics- Name
- Blockchain for Good Alliance
- Legal name
- Blockchain For Good Alliance
- Website
- https://chainforgood.org
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Blockchain for Good Alliance (BGA) is a non-profit initiative founded in 2025 by Bybit that runs hackathons, incubation, awards, and grant programs supporting blockchain projects addressing social impact, serving builders, policymakers, and multilateral institutions worldwide.
- Ownership category
- akta.pro rank
Blockchain for Good Alliance industry classification
Industry- Product category
- Blockchain Social Impact Programs
- NAICS
- Professional Organizations (81392)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- On-Chain Reputation, Identity & Attestation for Governance (DID, badges, sybil resistance) (FSAPAHAF)
- akta.pro secondary industries
- Consortium Networks & Governance (network setup, onboarding, rules, node operations) (FSAPAIAB), Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance) (FSAPAJAI)
Keywords
Blockchain for Good Alliance business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Grant Funding: BGA provides financial grants to blockchain projects focused on social good through its Web3Key Fund and incubation programs. Funding is distributed to selected projects based on impact potential and scalability criteria.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Blockchain for Good Alliance product offering
Product offeringCore offering
Blockchain for Good Alliance (BGA) is a nonprofit initiative founded by crypto exchange Bybit in 2025 that supports blockchain projects addressing social and environmental challenges. It delivers this support through four program pillars: Global Hackathons for Web3 builders, an Incubation program for early-stage projects, the BGAwards recognition program, and the Web3Key Fund providing direct grant funding. BGA operates as a coordinating and funding body, connecting blockchain developers with capital, mentorship, and ecosystem partners.
Product overview
The Blockchain for Good Alliance (BGA) operates as a collaborative non-profit hub rather than a unified software product. The organization offers four interconnected programs: Global Hackathons for community-driven innovation, an Incubation Program for early-stage projects, BGAwards for recognizing outstanding achievements, and the Web3Key Fund for direct financial support. These programs collectively form BGA's ecosystem for advancing blockchain technology toward social good.
Differentiator
Problem solved
Functional benefit
Products and services
- Global Hackathons
Quantifiable outcome
- Over 800 cats saved by Token Tails incubation project
- +2 more outcomes
Companies that use Blockchain for Good Alliance
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles2 records
Blockchain for Good Alliance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Blockchain for Good Alliance partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor and core.
- Singapore Internet Governance ForumminorBGA co-hosted a high-level dinner with the Singapore Internet Governance Forum at Oslo's Akershus Fortress as an official side event of the UN Internet Governance Forum's 20th anniversary, gathering global leaders including the President of Mauritius.
- United Nations Development Programme (UNDP) AltFinLabcoreBGA and UNDP AltFinLab co-organized the inaugural Blockchain Impact Forum in Copenhagen in November 2025, bringing together global leaders to promote blockchain for sustainable development. The partnership includes the SDG Blockchain Accelerator and UNDP Blockchain Advisory Group membership.
- MantlecoreMantle serves as BGA's ecosystem partner, providing technical support and 5,000 MNT in funding to incubated projects like Token Tails. Mantle co-hosts the Turing Test Hackathon 2026 with BGA, Bybit, and Byreal, featuring a $120,000 prize pool for AI agent and blockchain convergence projects.
- Institute for Cultural DiplomacyminorCo-hosted the Forum on Cultural Diplomacy at the United Nations in Geneva with BGA, bringing together diplomats, government officials, and academics to explore emerging technologies for global cooperation challenges.
- United Nations Institute for Training and Research (UNITAR)minorCo-hosted the Forum on Cultural Diplomacy at the United Nations in Geneva alongside the Institute for Cultural Diplomacy and BGA, convening international stakeholders to discuss digital governance.
- Tencent CloudminorTencent Cloud backs the Turing Test Hackathon 2026 as a sponsor, contributing to the $120,000 total prize pool for AI agent benchmarking on Mantle's blockchain infrastructure.
- ByrealminorByreal co-hosted the Turing Test Hackathon 2026 alongside Mantle, Bybit, and BGA, supporting the first on-chain environment for AI agent performance benchmarking at scale.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Blockchain for Good Alliance competitors and assessment
Company assessmentBroad incumbents
- Stellar Development Foundation: Stellar Development Foundation runs the Stellar Aid Assist platform and grants for financial inclusion and cross-border payments — directly comparable to BGA's financial inclusion thesis and similar UN/NGO partnership model.
- Web3 Foundation: Web3 Foundation administers the Polkadot treasury and a multi-hundred-million-dollar grants program funding ecosystem projects. It is a far larger incumbent that overlaps with BGA in funding public-goods Web3 development but is focused on a single stack rather than cross-chain social impact.
- Celo Foundation: Celo Foundation runs a substantial grants program focused on mobile-first DeFi, financial inclusion, and ReFi — directly adjacent to BGA's financial inclusion and sustainability use cases, and similarly partners with NGOs and developers globally.
Emerging players
- KlimaDAO: KlimaDAO is a blockchain coordination layer for carbon markets and climate finance, representing an emerging player in the Web3-for-environment subset that overlaps with BGA's environmental accountability incubation projects.
Direct peers
- Giveth: Giveth is a blockchain-based altruism/regenerative finance platform that funds social-impact projects through on-chain donations and quadratic grants. It competes directly with BGA for impact-oriented Web3 builders and shares the hackathon/incubation/community DNA.
- ReFi DAO / ReFi Foundation: ReFi DAO coordinates regenerative finance builders, funds local nodes, and runs community hackathons focused on climate and social impact using blockchain. Direct overlap with BGA's environmental accountability (Bagyo, zenGate Global) and supply chain transparency use cases.
- Gitcoin: Gitcoin runs quadratic grants for public goods in Web3, including impact and infrastructure projects. It is the most direct analogue to BGA's Web3Key Fund and incubation model, though Gitcoin operates at significantly larger scale and is DAO-governed rather than corporate-affiliated.
- UNICEF Office of Innovation (incl. CryptoFund): UNICEF's CryptoFund and broader Innovation Office deploy blockchain for social impact (digital identity, financial inclusion, supply chain), operate in similar policy spaces as BGA, and run similar grant-plus-incubation models targeting UN Sustainable Development Goals.
Others
- Mantle Network: Mantle is both a BGA ecosystem partner and a comparable L2 that runs grants, hackathons, and incubation programs (e.g., Turing Test Hackathon 2026 with BGA). It serves as the underlying infrastructure provider rather than a direct peer, but is the closest enabling/counterparty in BGA's ecosystem.
- Impact Hub Network: Impact Hub is a global network of innovation hubs supporting social entrepreneurs and impact startups. It is non-blockchain-native but serves the same impact-builder persona and convening role that BGA targets, and increasingly intersects with Web3 cohorts.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks3 records
Key highlights6 records
Customer concentration
Blockchain for Good Alliance social profiles
Digital presenceBlockchain for Good Alliance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Blockchain for Good Alliance leadership team
Management profileNumber of profiles
Profiles1 record
Blockchain for Good Alliance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Blockchain for Good Alliance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Blockchain for Good Alliance
What does Blockchain for Good Alliance do?
Blockchain for Good Alliance (BGA) is a nonprofit initiative founded by crypto exchange Bybit in 2025 that supports blockchain projects addressing social and environmental challenges. It delivers this support through four program pillars: Global Hackathons for Web3 builders, an Incubation program for early-stage projects, the BGAwards recognition program, and the Web3Key Fund providing direct grant funding. BGA operates as a coordinating and funding body, connecting blockchain developers with capital, mentorship, and ecosystem partners.
Is Blockchain for Good Alliance a public or private company?
Blockchain for Good Alliance is a private company. It is classified as corporate owned and is currently operating.
When was Blockchain for Good Alliance founded?
Blockchain for Good Alliance was founded in 2025. It employs 11 to 50 people.
How does Blockchain for Good Alliance make money?
One revenue line is on record: grant Funding.
Who are Blockchain for Good Alliance's main competitors?
Broad incumbents on record are Stellar Development Foundation, Web3 Foundation and Celo Foundation. KlimaDAO is listed as an emerging player. Direct peers are Giveth, ReFi DAO / ReFi Foundation, Gitcoin and UNICEF Office of Innovation (incl. CryptoFund). Others are Mantle Network and Impact Hub Network.
Does Blockchain for Good Alliance have an API?
No public API is recorded for Blockchain for Good Alliance.
What industry is Blockchain for Good Alliance in?
Blockchain for Good Alliance's product category is Blockchain Social Impact Programs. Its primary akta.pro industry code is FSAPAHAF, On-Chain Reputation, Identity & Attestation for Governance (DID, badges, sybil resistance), with a secondary code of FSAPAIAB, Consortium Networks & Governance (network setup, onboarding, rules, node operations). Its NAICS code is 81392 and its SIC code is 6199.