BNB Chain, in partnership with Binance Labs and CoinMarketCap Labs, has announced the 35 early-stage projects that will be participating in the 8th Season of the MVB Accelerator Program. This program, which spans four weeks, aims to provide resources and guidance to Web3 developers in order to support the BNB Chain ecosystem. The program will kick off with the Blockchain Week event in Dubai and will cover important topics such as token design, funding strategies, and team building.
The selected projects have been divided into three categories: DeFi, infrastructure, and application layer projects. In the DeFi category, projects like Allo.xyz, Avalon, and CarbonFi have been chosen for their innovative solutions in tokenizing financial assets, carbon credits, and social trading.
In the infrastructure category, projects such as Alaya AI, APRO Oracle, and Codatta have been selected for their focus on crucial topics like AI data sharing and decentralized oracle services. And in the application layer category, projects like Alias, Balance, and Gameland aim to enhance users’ Web3 experiences.
At the end of the program, the 35 project teams will present their initiatives to potential investors during Demo Day, which is scheduled for November 7. This online event will showcase the leading projects within the Web3 ecosystem. Binance Labs will consider investing in the most successful projects based on their performance.
Gala Wen, the Director of Ecosystem Development at BNB Chain, mentioned that the season started with an in-person event in Dubai, where participating founders gained valuable insights and opportunities for investment. Alex Odagiu, the Investment Director at Binance Labs, emphasized the important role that the MVB program plays in supporting early-stage Web3 developers. CoinMarketCap CEO, Rush, added that MVB provides a solid foundation for Web3 developers with support from industry leaders.
Through the MVB Accelerator Program, BNB Chain aims to foster growth opportunities for projects within the ecosystem and build a broader Web3 ecosystem. This initiative is seen as a significant step towards increasing the number of Web3 users and expanding the ecosystem on BNB Chain.
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Disclaimer: The information in this article is not investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and conduct their own research.
