Binance Labs & BNB Chain Open New Founder-focused Track to Incubate 100 Early-stage Projects
DUBAI, UAE, November 24th, 2023, Chainwire
Binance Labs, in partnership with BNB Chain and CMC Labs, has introduced a new Founder Track to the Most Valuable Builder (MVB) Accelerator Program. MVB, now in its 7th season, is an accelerator program jointly organized by Binance Labs and BNB Chain. The program was launched in 2021 with a focus on supporting builders and growing the BNB Chain ecosystem. This season, the organizers are welcoming CMC Labs to the MVB program as a strategic partner.
The MVB program now consists of two tracks. The newly added Founder Track functions as a venture studio dedicated to incubating 100 innovative ideas that address real-world needs. This track sees projects receive backing from Binance Labs and support in deploying their ventures on BNB Chain. Since the program’s inception, the Startup Track has been integral in providing tailored support to early-stage startups. It provides a customized curriculum to assist Web3 startups on their journey toward long-term growth. Both the Founder Track and Startup Track run concurrently.
The venture capital and incubation arm of Binance, Binance Labs recognizes that some of its most impactful ventures have resulted from in-depth, early-stage collaborations with entrepreneurial founders and builder teams. Early-stage incubations and investments have included Celestia, Injective Labs, Polygon, and SafePal. The Founder Track seeks to identify builders who are interested in working on ideas that address real-world needs together with mentors from Binance Labs and BNB Chain.
Establishing synergy between Binance Labs and BNB Chain, the Founder Track aims to replicate this kind of impact and unlock the full potential of BNB Chain. The track invites founders to propose business ideas or collaborate on existing initiatives with the Binance Labs investment team and BNB Chain contributors. The goal is to empower builders who aspire to succeed as founders, and support them in creating something transformative on BNB Chain and beyond.
The Founder Track aims to support the strongest builders and is open to taking on up to 100 innovative collaborations throughout its duration across the MVB seasons. This season the areas of focus include: SocialFi, on-chain games, intent-centric dApps, digital identity and reputation, AI-powered dApps, massive yield-bearing assets (LSD, restaking and RWAs), security and privacy solutions, payment rails using BNB Chain, ZK coprocessors, and content and data platforms that utilzie BNB Greenfield.
MVB 7 applications are open until January 15, 2024. Founders can apply here.
About Binance Labs
As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $9 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on Twitter.
About BNB Chain
BNB Chain is a community-driven ecosystem with multiple decentralized blockchains, powered by BNB. It consists of BNB Beacon Chain, its staking and governance layer, BNB Smart Chain (BSC), which is EVM compatible and facilitates a multi-chain ecosystem with its Layer-2 solutions including opBNB, and BNB Greenfield, its decentralized data storage network.
The BNB Chain ecosystem has the world’s largest smart contract blockchain (BSC) by daily active users and has processed 3 billion transactions to date from 232 Million unique addresses. This makes it the largest layer 1 blockchain globally and brings developers massive user access with ultra-low gas fees, higher transactions per second and has experienced zero crashes since its inception.
The ecosystem has more than 1,500 estimated active dApps at any given time across multiple categories such as DeFi, Metaverse, Blockchain Gaming, SocialFi, NFT, Infrastructure, and more. There are numerous programs available to support the Web3 ecosystem including the Gas Grant, Builder Grant, Kickstart, Most Valuable Builder (MVB) and AvengerDAO.
About CMC Labs
CMC Labs is CoinMarketCap’s selective accelerator program for startups, supporting Web3 entrepreneurs with a range of expert services, including marketing campaigns (Learn & Earn, Airdrops), social amplification, bespoke content (high impact videos and articles) and networking opportunities with top-tier ecosystems, VCs, market makers and mentors. To learn more, visit our page.