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BNB Chain, in collaboration with Binance Labs and CoinMarketCap Labs, has revealed 35 early-stage Web3 projects participating in the 8th Season of the MVB Accelerator Program. This four-week initiative aims to support the BNB Chain ecosystem by providing resources and guidance to Web3 developers. Kicking off with the Blockchain Week event in Dubai, the program includes a curriculum covering crucial topics such as token design, funding strategies, and team building.
Projects Tailored for the Web3 Ecosystem
The selected projects are categorized under three main headings: DeFi, infrastructure, and application layer projects. In the DeFi category, innovative solutions like Allo.xyz, Avalon, and CarbonFi have been chosen, focusing on tokenizing financial assets, carbon credits, and social trading.
In the infrastructure category, projects such as Alaya AI, APRO Oracle, and Codatta are selected for their focus on crucial topics like AI data sharing and decentralized oracle services. For the application layer, Alias, Balance, and Gameland aim to enrich users’ Web3 experiences.
Demo Day Scheduled for November 7
At the end of the program, the selected 35 project teams will present their initiatives to potential investors during Demo Day. This online event is set for November 7, showcasing leading projects within the Web3 ecosystem. Following the presentations, Binance Labs will consider investing in the most successful projects based on their performance.
Gala Wen, Director of Ecosystem Development at BNB Chain, noted that the season commenced with an in-person event in Dubai. Wen emphasized the valuable insights provided to participating founders and how investment opportunities will accelerate project development. Alex Odagiu, Investment Director at Binance Labs, highlighted the critical role the MVB program plays in supporting early-stage Web3 developers, while CoinMarketCap CEO Rush added that MVB offers a solid foundation for Web3 developers with support from industry leaders.
Through the MVB Accelerator Program, BNB Chain aims to foster growth opportunities for projects within the ecosystem, enhancing the overall Web3 ecosystem. This initiative is viewed as a significant step towards increasing the number of Web3 users and building a broader ecosystem on BNB Chain.
