BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, has opened applications for Season 8 of its MVB (Most Valuable Builder) program, aimed at supporting the growth of projects within the BNB Chain ecosystem. The now 4-week accelerator program, which is jointly run by Binance Labs—the venture capital and incubation arm of Binance—and CMC Labs, CoinMarketCap’s exclusive accelerator program for startups, will now be held more frequently, increasing to one season per quarter.
The deadline to apply to MVB Season 8 is September 18, 2024 at 11:59 PM UTC. Projects can apply here. The application review, founder interviews, and admission decisions will be conducted on a rolling basis, and admitted projects will be officially notified via email.
MVB is for early-stage projects building innovative Web3 projects on BNB Chain, and is designed to offer a tailored curriculum covering key topics to address early-stage Web3 project needs. It includes fireside chats and 1:1 mentorship with BNB Chain, the Binance Labs Investment team, and CMC Labs as well as access to resources across the BNB Chain ecosystem. MVB participants also get access to the BNB Chain Launch-as-a-Service (LaaS) package which includes free services worth up to US$300,000 and opportunities for investment from Binance Labs.
Season 7 of MVB received hundreds of applications, with less than 2% being admitted to the program. 13 project teams spanning DeFi, infrastructure, gaming and AI were selected and Binance Labs invested in four standout projects at the end of the season.
Projects must meet the following criteria to apply to MVB:
- The majority of business and transaction volume is captured on BNB Chain
- Smart contract for core business is deployed on BNB Chain
- The project token is initially launched on BNB Chain
Gala Wen, Director of Ecosystem Development at BNB Chain said: “At BNB Chain, our mission is to onboard the next billion Web3 users. Through the Most Valuable Builder (MVB) program, we empower startups and developers to achieve real business success and cross the chasm. By leveraging resources from the BNB Chain ecosystem, MVB provides extensive support, enabling projects to grow and scale.”
Alex Odagiu, Investment Director at Binance Labs said: “At Binance Labs, we are dedicated to providing evergreen support to the next generation of Web3 innovators building meaningful and sustainable technologies. Through the MVB program, we will equip these early-stage projects, which have the potential to shape the future of blockchain, with the resources, mentorship, and opportunities they need to scale and succeed in the Web3 space.”
Rush, CEO of CoinMarketCap said: “CMC Labs is thrilled to partner with Binance Labs and BNB Chain as a strategic partner for Season 8 of the MVB Accelerator Program. MVB 8 provides a unique opportunity for promising Web3 builders to gain access to the expertise, resources and investment of industry leaders. We look forward to supporting the projects selected.”
For projects interested in being part of Season 8 of MVB, please apply here. Users can follow BNB Chain, Binance Labs, and CoinMarketCap on X for the latest news on MVB 8.
*Being admitted into MVB does not equate to Binance Labs investment.
About BNB Chain
BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:
- BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.
- opBNB: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.
- BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.
Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.
For more, users can follow BNB Chain on X or can start exploring via the Dapp library.
About Binance Labs
As the venture capital arm and incubator of Binance, Binance Labs is dedicated to empowering early-stage projects and leading the growth and development of the Web3 ecosystem. Since its founding in 2018, Binance Labs has consistently focused on the long-term, and provided strategic support and funding to projects, regardless of market cycles.
As a chain- and sector-agnostic venture capital leader in the Web3 space, Binance Labs backs everything from infrastructure to application layers, with a consistent focus on tech innovation with meaningful product-market fit and sustainable revenue models.
Binance Labs’ portfolio covers over 250 projects from over 25 countries across six continents. More than 65 of Binance Labs’ portfolio companies are projects that have gone through the incubation programs. For more information, users can follow Binance Labs on X.
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, social amplification, bespoke content and networking opportunities with top-tier ecosystems, VCs, market makers and mentors. To learn more, users can visit CMC Labs.
Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.
