The BNB Chain ecosystem and Binance Labs have launched the BNB Incubation Alliance to support early-stage Web3 projects.

Promising projects will be selected through a series of global events organized in collaboration with leading venture funds and developer communities.

Applications will be considered at the following events:

• EthCC 2024 in Belgium (July);
• Bitcoin 2024, USA (July);
• Token 2049, Singapore (September);
• Binance Blockchain Week, UAE (October);
• DevCon and ETHGlobal, Thailand (November).

The winning startups will gain access to the BNB Chain MVB program and a Launch-as-a-Service package, including networking with partners, potential integrations, security audits, and other services worth up to $300,000.

As a result of the seventh season of MVB selection, 13 early-stage Web3 projects participated in a 10-week accelerator. The program included expert-led workshops and mentorship support. In the finale, Binance Labs made investment decisions based on project performance indicators.

In April, BNB Chain announced the launch of native staking on BNB Smart Chain.