Binance Labs Invests in Four Web3 Projects from BNB Chain's MVB Season 7
Rongchai Wang Aug 22, 2024 17:02
Binance Labs has invested in four standout projects from BNB Chain's MVB Season 7, aiming to accelerate growth and innovation in the Web3 space.
Binance Labs has announced investments in four exceptional projects that emerged from BNB Chain's Most Valuable Builder (MVB) Season 7, according to the BNB Chain Blog. This move underscores Binance Labs' commitment to fostering innovation and growth within the Web3 ecosystem.
Overview of the MVB Program
BNB Chain’s MVB Program is renowned for its rigorous selection process, which saw over 700 applications this season with less than 2% making the cut. The program is a collaborative effort between BNB Chain, Binance Labs, and CMC Labs, aimed at supporting and accelerating the growth of Web3 innovators within the BNB Chain ecosystem.
In Season 7, 13 standout teams were chosen for their exceptional talent and innovation. Four of these teams have now secured investments from Binance Labs, significantly enhancing their potential and impact.
Comprehensive Support for Web3 Innovators
The MVB Accelerator Program provided participants with a comprehensive curriculum tailored for early-stage Web3 projects. Founders and team members received personalized mentorship from experts at BNB Chain, CMC Labs, and Binance Labs, and gained valuable insights from successful founders through fireside chats. Additionally, participants had access to the BNB Chain Launch-as-a-Service (LaaS) package, offering support in infrastructure, security, treasury management, business growth, and marketing, valued at up to $300,000.
Details of the Investments
After a rigorous evaluation process, Binance Labs has invested in four top-performing projects from Season 7. These investments highlight Binance Labs’ dedication to nurturing high-potential projects that contribute meaningfully to the Web3 ecosystem. The selected projects are:
- Aggregata: A platform that unifies AI data, models, and computing into a seamless, one-stop solution.
- Opinion Labs: A project building dynamic opinion and continuous prediction markets.
- SideKick: The Consolidation Hub for social, games, and beyond.
- Vooi: A cross-chain perpetual decentralized exchange (DEX) aggregator supporting both EVM and non-EVM chains.
These investments mark a significant milestone for the selected projects and reflect Binance Labs' strategic focus on advancing the Web3 landscape. Stay tuned for updates and success stories from these pioneering projects as they continue to shape the future of Web3.
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