Dubai, UAE, April 16th, 2024, Chainwire

Bybit, a leading cryptocurrency exchange globally renowned for its high trading volume, has established a strategic alliance with global Web3 communities to introduce the formation of the Blockchain for Good Alliance (BGA). This collaborative initiative brings together blockchain foundations, universities, and non-governmental organizations (NGOs) with a shared goal of harnessing blockchain technology for the betterment of society.

The creation of the BGA addresses a crucial gap in the Web3 sector, aiming to utilize the advancements and opportunities presented by blockchain and cryptocurrency ecosystems to drive social progress and address pertinent issues. Through collaboration with visionary leaders worldwide, Bybit is poised to instigate change by utilizing Web3 technology to democratize financial access and innovate solutions for the world’s most pressing challenges.

Central to the alliance’s objectives is the provision of blockchain technology training, support for socially impactful projects, project management oversight, and financial assistance to ensure the success of meaningful initiatives. Bybit will take the lead in facilitating discussions, organizing hackathons, and sharing its wealth of expertise to enhance technical and project management capabilities among its partners.

During a live workshop at Blockchain Life Dubai 2024, Bybit’s Chief Operating Officer, Helen Liu, shared the inspiration behind this endeavor. Liu expressed, “Blockchain developers often express feelings of isolation; the realm of Web3 is still considered niche. I sought to bridge this gap by connecting them with a broader audience new to Web3, fostering solutions that benefit and enrich the entire ecosystem. The Blockchain for Good Alliance embodies this vision, paving the way for a more inclusive world where blockchain technology serves humanity more effectively.”

Beyond the establishment of the alliance, Bybit remains dedicated to acting as a conduit that links users to the potential of Web3 through user-friendly, innovative products. With a user base exceeding 1 million Web3 wallet holders, strategic partnerships with prominent projects such as Solana and 1inch, and a robust lineup of educational programs, Bybit, also known as the Crypto Ark, is not only navigating the present but also shaping a path towards a more impactful future.

#Bybit / #TheCryptoArk / #KeytoWeb3

//ENDS

About Blockchain for Good Alliance

The Blockchain for Good Alliance is a collaborative, long-term non-profit initiative involving key partners with the primary objective of leveraging blockchain technology to address real-world challenges and contribute to societal welfare. By fostering collaboration among leaders, innovators, and entities within the blockchain community, BGA aims to spur innovation, cooperation, and action towards a more sustainable and equitable world.

Find more information here: Blockchain for Good Alliance

About Bybit Web3

Bybit Web3 is reshaping accessibility in the decentralized landscape, establishing a more open, egalitarian ecosystem for all participants. The platform is committed to welcoming developers, creators, and partners in the blockchain sphere, extending an invitation to both crypto enthusiasts and the inquisitive, with a community exceeding 1 million wallet users and over 10 major ecosystem partners.

Bybit Web3 offers a comprehensive range of Web3 products designed to simplify access, exchange, accumulation, and growth of Web3 assets. Backed by Bybit’s reputation as a top 3 global cryptocurrency exchange, trusted by 25 million users worldwide, the wallets, marketplaces, and platforms provided by Bybit Web3 prioritize security and user experience.

Join the revolution today and unlock the potential of your Web3 future with Bybit.

For further details about Bybit, please visit Bybit Web3.

About Bybit

Bybit stands as one of the world’s top three cryptocurrency exchanges by trading volume, serving 25 million users since its establishment in 2018. The platform offers a professional environment where crypto investors and traders can access an ultra-fast matching engine, round-the-clock customer service, and multilingual community support. Bybit proudly partners with the reigning Constructors’ and Drivers’ champions in Formula One, the Oracle Red Bull Racing team.

For more information about Bybit, please visit Bybit Press.

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For additional updates, please follow: Bybit’s Communities and Social Media

Contact

Nathan Thompson

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