Binance Labs Invests in Top Four Projects from BNB Chain’s MVB Season 7 Lineup

Binance Labs Invests- Four Projects in BNB Chain’s MVB Season 7 Get a Boost from Binance Labs

Binance Labs Invests– BNB Chain has announced a significant milestone: four standout projects from the seventh season of the Most Valuable Builder (MVB) program have secured investment from Binance Labs, the venture capital and incubation arm of Binance. This funding highlights Binance Labs’ ongoing commitment to nurturing and supporting high-potential projects within the BNB Chain ecosystem.

What is the MVB Program?

The MVB program is a collaborative accelerator initiative involving BNB Chain, Binance Labs, and CMC Labs. Its primary goal is to foster growth and innovation within the BNB Chain ecosystem by supporting projects that can contribute to the broader Web3 landscape. By investing in promising startups, Binance Labs aims to help them build impactful solutions and onboard the next billion Web3 users.

The Four Selected MVB Projects

1. Aggregata: This platform integrates AI data, models, and computing into a unified, seamless solution.
2. Opinion Labs: Aiming to create dynamic opinion and continuous prediction markets, Opinion Labs seeks to revolutionize how predictions are made and utilized.
3. SideKick: Positioned as a Consolidation Hub, SideKick aims to unify social, gaming, and other digital interactions.
4. Vooi: This project is a cross-chain perpetual DEX aggregator, providing support for both EVM and non-EVM chains.

Program Highlights and Support

Founders of the selected projects received personalized mentorship from experts associated with BNB Chain, CMC Labs, and Binance Labs. This included one-on-one sessions and fireside chats with prominent figures like Yi He, Co-Founder and Head of Binance Labs. Participants also benefited from the BNB Chain Launch-as-a-Service (LaaS) package, which offers infrastructure, security, treasury management, business growth, and marketing support. This comprehensive support package, valued at up to $300,000, is designed to accelerate the success of these projects.

This season of the MVB program was highly competitive, with over 700 applications. Only 13 teams were selected, reflecting the rigorous selection process that admits less than 2% of applicants.

Statements from Key Figures

Yi He, Co-Founder of Binance and Head of Binance Labs, emphasized the commitment to early-stage founders: Binance Labs is dedicated to supporting startups that are building products with meaningful and sustainable impacts. The four projects we’re investing in from this MVB season are led by exceptional builders with the potential to significantly grow the BNB Chain ecosystem. We’re excited to see their contributions to the Web3 industry.

Rush, CEO of CoinMarketCap, expressed enthusiasm about the program’s success: CMC Labs is thrilled to congratulate the Season 7 winners. These outstanding Web3 projects have demonstrated immense potential, and we’re proud to offer them our support through industry expertise and resources. We look forward to witnessing their impact on the Web3 ecosystem.