Decentralized Hackathon Platform BeWater Secures $1 Million Financing
Key Takeaways
- BeWater, a decentralized hackathon platform, successfully completed a $1 million angel funding round.
- The funding was led by ABCDE and OKX Ventures, showcasing strong support from notable investors.
- In the cryptocurrency market, BNKR’s native token has hit a new all-time high with a significant 30% price increase over 24 hours.
- YZI Labs has transferred 134 million ID tokens to Binance, marking a transaction worth approximately $6.63 million.
- Investment activities include two significant addresses long on ETH, accumulating a total worth of up to $190 million.
WEEX Crypto News, 10 February 2026
BeWater Secures New Financing to Fuel Future Innovations
BeWater, a leader in facilitating decentralized hackathons, has announced the completion of a significant $1 million angel round of financing. The funding attracted substantial interest and backing from renowned investors including ABCDE and OKX Ventures, positioning BeWater for its next phase of growth and innovation. The acquisition of this funding highlights the increasing confidence in BeWater’s model and capability to innovate within the decentralized tech space.
The newly-acquired capital is anticipated to bolster BeWater’s commitment to enhancing its platform capabilities, expanding its user base, and delivering more impactful hackathons. By securing such strategic investment, BeWater is poised to extend its influence and provide unprecedented opportunities for developers and tech communities worldwide.
Base Protocol’s BNKR Token Surpasses Highs
In other news within the crypto sphere, the Base Protocol has experienced a surge with its native token, BNKR, reaching new heights. The token has enjoyed a breakout, achieving an all-time high market cap exceeding $120 million. This impressive milestone signifies a 30% price increase over a single day, spotlighting BNKR’s potential as an attractive investment option.
The heightened interest in BNKR reflects broader trends within the cryptocurrency market, where volatility can drive rapid value changes. Encouragingly, the rise in BNKR’s value points to investor confidence and emerging growth possibilities within Base Protocol’s ecosystem.
YZI Labs’ Strategic Move with Binance
Parallel to these developments, YZI Labs has initiated a notable transfer involving 134 million ID tokens to Binance. This substantial transaction, valued at approximately $6.63 million, underscores YZI Labs’ ongoing strategic maneuvers within the competitive crypto exchange landscape. Such transfers are not merely transactional but signify deep strategic planning aimed at optimizing liquidity and market positioning.
This move is reflective of YZI Labs’ broader strategic initiatives as the firm continues to redefine its operational tactics and expand its reach within the digital currency space.
ETH Investment Strategies Emerge
Moreover, significant activities have been observed in the realm of Ethereum (ETH) investments. Noteworthy actions involve two addresses, which together have longed over 95,000 ETH, amassing a value close to $190 million. This strategic inclining positions these entities at the forefront of Ethereum’s ongoing market developments and future growth trajectories.
The decision to consolidate such positions in Ethereum showcases confidence in ETH’s long-term value prospects, highlighting its attractiveness as a resilient cryptocurrency asset.
BeWater’s Vision Forward
The future for BeWater looks promising as it continues to leverage its decentralized platform model, fostering innovation through hackathons. This model acts as a catalyst for technological advancements and entrepreneurial talents, driving new solutions across various sectors.
The backing from high-caliber investors such as ABCDE and OKX Ventures is a testament to BeWater’s potential to lead within the decentralized innovation space. With its commitment to growth and development, BeWater is set to redefine the standards of collaborative technological creativity.
As part of its continued expansion, BeWater looks to utilize its recent funding round to propel its growth directives, focusing on user engagement and platform improvements. This strategic direction provides a strong foundation for sustained impact on the industry.
Join the Innovative Journey with WEEX
The latest activities in the cryptocurrency space, including BeWater’s funding success and BNKR’s market performance, illustrate the dynamic nature of this industry. For those interested in engaging with such developments, joining platforms that offer comprehensive investment and trading options can be beneficial. Consider registering with WEEX for a streamlined experience in the cryptocurrency trading environment [sign up here](https://www.weex.com/register?vipCode=vrmi).
FAQ
What is BeWater?
BeWater is a decentralized platform that hosts hackathons, aiming to foster innovation and collaboration among tech communities by providing a space for developers to showcase and develop their skills.
Who led the recent funding round for BeWater?
The recent $1 million angel round was led by ABCDE and OKX Ventures, highlighting strategic support from significant investors within the tech and crypto industries.
How has BNKR performed recently?
Base Protocol’s native token, BNKR, recently experienced a notable price increase of 30% within 24 hours, reaching a new all-time high with a market cap surpassing $120 million.
What is YZI Labs’ latest strategic move?
YZI Labs recently transferred 134 million ID tokens to Binance, a transaction valued at approximately $6.63 million, indicating strategic liquidity positioning within the crypto market.
What significant ETH investments have occurred?
Two addresses have collectively invested in excess of 95,000 ETH, valuing their position at approximately $190 million, showcasing strong confidence in Ethereum’s future potential as a leading cryptocurrency.
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Debunking the AI Doomsday Myth: Why Establishment Inertia and the Software Wasteland Will Save Us
Editor's Note: Citrini7's cyberpunk-themed AI doomsday prophecy has sparked widespread discussion across the internet. However, this article presents a more pragmatic counter perspective. If Citrini envisions a digital tsunami instantly engulfing civilization, this author sees the resilient resistance of the human bureaucratic system, the profoundly flawed existing software ecosystem, and the long-overlooked cornerstone of heavy industry. This is a frontal clash between Silicon Valley fantasy and the iron law of reality, reminding us that the singularity may come, but it will never happen overnight.
The following is the original content:
Renowned market commentator Citrini7 recently published a captivating and widely circulated AI doomsday novel. While he acknowledges that the probability of some scenes occurring is extremely low, as someone who has witnessed multiple economic collapse prophecies, I want to challenge his views and present a more deterministic and optimistic future.
In 2007, people thought that against the backdrop of "peak oil," the United States' geopolitical status had come to an end; in 2008, they believed the dollar system was on the brink of collapse; in 2014, everyone thought AMD and NVIDIA were done for. Then ChatGPT emerged, and people thought Google was toast... Yet every time, existing institutions with deep-rooted inertia have proven to be far more resilient than onlookers imagined.
When Citrini talks about the fear of institutional turnover and rapid workforce displacement, he writes, "Even in fields we think rely on interpersonal relationships, cracks are showing. Take the real estate industry, where buyers have tolerated 5%-6% commissions for decades due to the information asymmetry between brokers and consumers..."
Seeing this, I couldn't help but chuckle. People have been proclaiming the "death of real estate agents" for 20 years now! This hardly requires any superintelligence; with Zillow, Redfin, or Opendoor, it's enough. But this example precisely proves the opposite of Citrini's view: although this workforce has long been deemed obsolete in the eyes of most, due to market inertia and regulatory capture, real estate agents' vitality is more tenacious than anyone's expectations a decade ago.
A few months ago, I just bought a house. The transaction process mandated that we hire a real estate agent, with lofty justifications. My buyer's agent made about $50,000 in this transaction, while his actual work — filling out forms and coordinating between multiple parties — amounted to no more than 10 hours, something I could have easily handled myself. The market will eventually move towards efficiency, providing fair pricing for labor, but this will be a long process.
I deeply understand the ways of inertia and change management: I once founded and sold a company whose core business was driving insurance brokerages from "manual service" to "software-driven." The iron rule I learned is: human societies in the real world are extremely complex, and things always take longer than you imagine — even when you account for this rule. This doesn't mean that the world won't undergo drastic changes, but rather that change will be more gradual, allowing us time to respond and adapt.
Recently, the software sector has seen a downturn as investors worry about the lack of moats in the backend systems of companies like Monday, Salesforce, Asana, making them easily replicable. Citrini and others believe that AI programming heralds the end of SaaS companies: one, products become homogenized, with zero profits, and two, jobs disappear.
But everyone overlooks one thing: the current state of these software products is simply terrible.
I'm qualified to say this because I've spent hundreds of thousands of dollars on Salesforce and Monday. Indeed, AI can enable competitors to replicate these products, but more importantly, AI can enable competitors to build better products. Stock price declines are not surprising: an industry relying on long-term lock-ins, lacking competitiveness, and filled with low-quality legacy incumbents is finally facing competition again.
From a broader perspective, almost all existing software is garbage, which is an undeniable fact. Every tool I've paid for is riddled with bugs; some software is so bad that I can't even pay for it (I've been unable to use Citibank's online transfer for the past three years); most web apps can't even get mobile and desktop responsiveness right; not a single product can fully deliver what you want. Silicon Valley darlings like Stripe and Linear only garner massive followings because they are not as disgustingly unusable as their competitors. If you ask a seasoned engineer, "Show me a truly perfect piece of software," all you'll get is prolonged silence and blank stares.
Here lies a profound truth: even as we approach a "software singularity," the human demand for software labor is nearly infinite. It's well known that the final few percentage points of perfection often require the most work. By this standard, almost every software product has at least a 100x improvement in complexity and features before reaching demand saturation.
I believe that most commentators who claim that the software industry is on the brink of extinction lack an intuitive understanding of software development. The software industry has been around for 50 years, and despite tremendous progress, it is always in a state of "not enough." As a programmer in 2020, my productivity matches that of hundreds of people in 1970, which is incredibly impressive leverage. However, there is still significant room for improvement. People underestimate the "Jevons Paradox": Efficiency improvements often lead to explosive growth in overall demand.
This does not mean that software engineering is an invincible job, but the industry's ability to absorb labor and its inertia far exceed imagination. The saturation process will be very slow, giving us enough time to adapt.
Of course, labor reallocation is inevitable, such as in the driving sector. As Citrini pointed out, many white-collar jobs will experience disruptions. For positions like real estate brokers that have long lost tangible value and rely solely on momentum for income, AI may be the final straw.
But our lifesaver lies in the fact that the United States has almost infinite potential and demand for reindustrialization. You may have heard of "reshoring," but it goes far beyond that. We have essentially lost the ability to manufacture the core building blocks of modern life: batteries, motors, small-scale semiconductors—the entire electricity supply chain is almost entirely dependent on overseas sources. What if there is a military conflict? What's even worse, did you know that China produces 90% of the world's synthetic ammonia? Once the supply is cut off, we can't even produce fertilizer and will face famine.
As long as you look to the physical world, you will find endless job opportunities that will benefit the country, create employment, and build essential infrastructure, all of which can receive bipartisan political support.
We have seen the economic and political winds shifting in this direction—discussions on reshoring, deep tech, and "American vitality." My prediction is that when AI impacts the white-collar sector, the path of least political resistance will be to fund large-scale reindustrialization, absorbing labor through a "giant employment project." Fortunately, the physical world does not have a "singularity"; it is constrained by friction.
We will rebuild bridges and roads. People will find that seeing tangible labor results is more fulfilling than spinning in the digital abstract world. The Salesforce senior product manager who lost a $180,000 salary may find a new job at the "California Seawater Desalination Plant" to end the 25-year drought. These facilities not only need to be built but also pursued with excellence and require long-term maintenance. As long as we are willing, the "Jevons Paradox" also applies to the physical world.
The goal of large-scale industrial engineering is abundance. The United States will once again achieve self-sufficiency, enabling large-scale, low-cost production. Moving beyond material scarcity is crucial: in the long run, if we do indeed lose a significant portion of white-collar jobs to AI, we must be able to maintain a high quality of life for the public. And as AI drives profit margins to zero, consumer goods will become extremely affordable, automatically fulfilling this objective.
My view is that different sectors of the economy will "take off" at different speeds, and the transformation in almost all areas will be slower than Citrini anticipates. To be clear, I am extremely bullish on AI and foresee a day when my own labor will be obsolete. But this will take time, and time gives us the opportunity to devise sound strategies.
At this point, preventing the kind of market collapse Citrini imagines is actually not difficult. The U.S. government's performance during the pandemic has demonstrated its proactive and decisive crisis response. If necessary, massive stimulus policies will quickly intervene. Although I am somewhat displeased by its inefficiency, that is not the focus. The focus is on safeguarding material prosperity in people's lives—a universal well-being that gives legitimacy to a nation and upholds the social contract, rather than stubbornly adhering to past accounting metrics or economic dogma.
If we can maintain sharpness and responsiveness in this slow but sure technological transformation, we will eventually emerge unscathed.
Source: Original Post Link

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