Carbon nanotubes’ (CNTs) physicochemical and mechanical properties make them ideal reinforcement materials for hydrogels, but distributing CNTs homogeneously in hydrogels remains a challenge. Chemical modifications to CNTs are used to facilitate nanomaterial dispersion, thus improving hydrogels’ physicochemical properties. Among CNTs, nitrogen‐doped CNTs (CNx) possess both great dispersibility in solution and biocompatibility properties. By formulating a method to incorporate CNx within alginate (i.e., covalently grafting alginate to the CNx surface versus noncovalently adsorbing alginate to the CNx surface) creates extrudable materials with tunable physical, chemical, and thermal properties. Herein, three new composites of alginate‐CNx are created. The results indicate that all composites present different physicochemical and thermal properties, suggesting that alginate is reorganized according to their degree of oxidation. These composites show cytocompatibility with MDA‐MB‐231 and regulation over the size of spheroids formed within the matrix. CNx within the matrix negatively affects MCF‐7 cells viability, spheroid formation rate, and the quantity of spheroids developed during culture. These materials provide a useful 3D hydrogel that can be used to develop in vitro models to understand the role of microenvironmental factors such as stiffness or surface roughness on the development of spheroids and their subsequent phenotypic behavior.