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Home Bitcoin Binance Labs Launches New Program to Incubate 100 Early-stage Projects

Binance Labs Launches New Program to Incubate 100 Early-stage Projects

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Binance Labs Launches New Program to Incubate 100 Early-stage Projects

DUBAI, UAE, November 24th, 2023, Chainwire

Binance Labs and Chain CMC Labs have launched the Most Valuable Builder (MVB) Accelerator Program. MVB, which has been running since 2021, is a joint venture between Binance Labs and BNB Chain and has a focus on supporting the builder community and growing the BNB Chain ecosystem. The program consists of two tracks: the Founder Track and the Startup Track.

The Founder Track is a venture studio that incubates 100 innovative ideas to address real-world needs. Through this track, projects receive backing from Binance Labs and support in the deployment of their ventures through BNB Chain. The Startup Track provides tailored support for early-stage startups. It helps Web3 startups with their long-term growth.

Binance Labs recognizes the importance of early-stage collaborations and has a portfolio of 250 projects from 25 countries. The company has achieved a 14X return on investment. Fifty of the projects have gone through Binance Labs’ incubation program. The MVB Season 7 program is designed to support the best builders and up to 100 new projects. The focus areas include socialFi, on-chain gaming, intent-centric apps, digital identity, reputation, AI powered dApps and massive yield-bearing asset (LSD, RW, and restaking). Applications are open till January 15, 2024.

The BNB Chain ecosystem has processed over 3 billion transactions from 232 million unique addresses and is the world’s largest smart contract blockchain (BSC) with daily active users. Layer-2 Solutions, such as opBNB and BNB Greenfield, have been developed to enhance the ecosystem. With over 1500 active dApps, it offers developers ultra-low fees, higher transaction rates per second and zero crashes since launch.

About CMC Labs

CMC Labs is CoinMarketCap’s selective accelerator program for startups, providing a range of services, including marketing campaigns (Learn & Earn, Airdrops), social amplification (high-impact videos and articles), bespoke content, and networking opportunities with top-tier ecosystems and market makers, as well as VCs and mentors.

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