Binance Labs, the investment division of Binance, has made investments in four very successful initiatives from the seventh season of BNB Chain’s Most Valuable Builder (MVB) competition.
The accelerator program, a joint effort by BNB Chain, Binance Labs, and CMC Labs, seeks to promote expansion within the BNB Chain ecosystem. The chosen projects consist of Aggregata, a platform that integrates AI data, models, and computing seamlessly; Opinion Labs, which constructs dynamic opinion and continuous prediction markets; SideKick, which acts as a central hub for social media, games, and more; and Vooi, a cross-chain perpetual decentralized exchange aggregator that supports both EVM and non-EVM chains.
Participants in the program were provided with individual coaching from industry experts from BNB Chain, CMC Labs, and the Binance Labs Investment team. Additionally, they had the opportunity to engage in fireside conversations with founders from Binance Labs’ portfolio and Yi He, the Co-Founder and Head of Binance Labs.
MVB participants were granted access to the BNB Chain Launch-as-a-Service (LaaS) package, which encompasses infrastructure, security, treasury management, company growth, and marketing.
LaaS, in partnership with BNB Chain ecosystem collaborators, seeks to expedite project achievements by offering a variety of advantages, such as complimentary services valued at up to US$300,000.
More than 700 applications were received for this season, and less than 2% of the total candidate pool were selected through a very stringent procedure to welcome the 13 MVB Season 7 Accelerator teams.
The BNB Chain Core Development Team highlighted the significance of offering top-notch assistance to developers and entrepreneurs via builder support programs, enabling them to expand their reach to a global audience and further their goal of promoting wider adoption of Web3.
Yi He, one of the founders of Binance and the leader of Binance Labs, has stated her dedication to assisting entrepreneurs in the early stages of their projects, particularly those that have the potential to have significant and long-lasting effects.
The CEO of CMC Labs, Rush, commended the winners of Season 7 of the MVB Program, acknowledging their outstanding Web3 projects and expressing pride in providing them with industry leaders’ knowledge and resources to foster their development. Users can track BNB Chain on X to receive announcements and stay updated on future MVB (Minimum Viable Blockchain) developments.
In addition, Binance Labs has spearheaded a $43 million Series A funding round for Sahara AI, a business specializing in decentralized artificial intelligence (AI).
