Blockchain for Good Alliance

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.

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

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 social impact
• Web3 hackathons
• Blockchain incubation
• Nonprofit grants
• Web3 ecosystem

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. 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

Core 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

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered minor and core.

• Singapore Internet Governance ForumminorStrategic or Co-development Partner · 30 July 2025BGA 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) AltFinLabcoreStrategic or Co-development PartnerBGA 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.
• MantlecoreStrategic or Co-development PartnerMantle 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 DiplomacyminorStrategic or Co-development PartnerCo-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)minorStrategic or Co-development PartnerCo-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 CloudminorGTM or Marketing PartnerTencent 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.
• ByrealminorGTM or Marketing PartnerByreal 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

Broad 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

• Xx.com/chainforgood
• LinkedInlinkedin.com/company/blockchainforgoodalliance

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blockchain for Good Alliance