Binance Labs and BNB chain open a new founder-focused track to create 100 early-stage projects.

Dubai, United Arab Emirates, November 24, 2023, Chainwire

Binance Labs, in partnership with BNB Chain and CMC Labs, has introduced a new founder track of the Most Valuable Developer (MVB) Accelerator Program. MVB, now in its 7th season, is a accelerator program jointly developed by Binance Labs and BNB Chain. The program was launched in 2021 to support builders and grow the BNB Chain ecosystem. This season, the organizers are welcoming CMC Labs into the MVB program as a strategic partner.

The MVB program now includes two tracks. The newly added Founder Track 100 will act as a venture studio to generate new ideas that address real-world needs. This track covers projects receiving support from Binance Labs and support for deploying their projects on the BNB Chain. From the program's inception, the Startup Track is critical in providing tailored support to early-stage startups. Web3 offers a customized curriculum to help startups on their journey to long-term growth. Both the founder track and the startup track run at the same time.

Binance's venture capital and incubation arm, Binance Labs recognizes that some of its most impactful work has been created through deep, early-stage collaborations with entrepreneurial founders and developer teams. Early stage incubations and investments include Celestia, Injective Labs, Polygon and SafePal. Founder Track seeks to identify developers interested in working with Binance Labs and BNB Chain Advisors on ideas that solve real-world needs.

Creating synergy between Binance Labs and BNB Chain, Founder Track aims to replicate this type of impact and unlock the full potential of BNB Chain. The track invites founders to pitch business ideas or collaborate on existing initiatives with the Binance Labs investment team and BNB Chain contributors. The goal is to encourage builders who want to succeed as founders and support them to create something with BNB Chain and beyond.

The Founder Track aims to support the strongest builders and is open to up to 100 creative collaborations throughout the MVB seasons. Areas of focus this season include: SocialFi, on-chain games, attention-centric dApps, digital identity and reputation, AI-powered dApps, massive production assets (LSD, reprocessing and RWAs), security and privacy solutions, payment methods BNB Greenfield using BNB Chain, ZK affiliates and content and data platforms.

Applications for MVB 7 are open until January 15, 2024. Founders can apply here.

About Binance Labs

As Binance's venture capital arm and accelerator, Binance Labs is now valued at over $9 billion. Its portfolio covers 250 projects from 25 countries in six continents and has a return on investment of more than 14X. Fifty of the Binance Labs portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on Twitter.

About the BNB chain

BNB Chain is a community-driven ecosystem with multiple decentralized blockchains powered by BNB. It consists of the BNB Beacon Chain, a staking and management layer, BNB Smart Chain (BSC), an EVM compatible and multi-chain ecosystem with Layer-2 solutions opBNB and BNB Greenfield decentralized data storage network.

The BNB Chain ecosystem, the world's largest smart contract blockchain (BSC), has daily active users and has so far completed 3 billion transactions from 232 million unique addresses. This makes it the world's largest layer 1 blockchain and developers have experienced extremely low gas fees, high transactions per second and zero crashes from the start.

The ecosystem has an estimated 1,500 active dApps at any given time across multiple categories such as DeFi, Metaverse, Blockchain Gaming, SocialFi, NFT, Infrastructure and more. There are many programs to support the Web3 ecosystem, including 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 & Discover, Airdrops), social amplification, spoken content (high-impact videos and articles) and networking opportunities with high standards. Ecosystems, VCs, marketers and mentors. Visit our site to learn more.

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