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Binance Labs Invests in Four Projects from MVB Season 7

Aug 22, 2024
  1. Main Projects and Acceleration Program
  2. Support and Coaching for Participants
  3. Competition Results and Future Plans

Binance Labs, the investment division of Binance, has made investments in four successful projects from the seventh season of the Most Valuable Builder (MVB) competition in the BNB Chain ecosystem.

Main Projects and Acceleration Program

The accelerator program, a joint effort by BNB Chain, Binance Labs, and CMC Labs, aims to promote growth within the BNB Chain ecosystem. The selected projects include Aggregata (platform integrating AI data, models, and computing), Opinion Labs (constructs opinion and prediction markets), SideKick (acts as a hub for social media and games), and Vooi (cross-chain perpetual decentralized exchange aggregator).

Support and Coaching for Participants

Participants in the program received individual coaching from industry experts from BNB Chain, CMC Labs, and the Binance Labs Investment team. They also had opportunities to engage in fireside conversations with founders from Binance Labs' portfolio and Yi He, the Co-Founder and Head of Binance Labs. Additionally, participants were granted access to the BNB Chain Launch-as-a-Service (LaaS) package, which includes infrastructure, security, treasury management, company growth, and marketing.

Competition Results and Future Plans

More than 700 applications were received this season, and less than 2% of the total candidate pool were selected to join the MVB Season 7 Accelerator teams. The BNB Chain Core Development Team emphasized the importance of providing top-notch support to developers and entrepreneurs through builder programs to help them expand their global reach and promote wider adoption of Web3. Yi He expressed her commitment to supporting early-stage entrepreneurs. Rush, CEO of CMC Labs, praised the Season 7 winners for their outstanding projects and for leveraging insights and resources from industry leaders.

The MVB competition aims to support innovative projects within the BNB Chain ecosystem, and Binance Labs' involvement significantly contributes to their successful growth and development. Providing resources and knowledge to early-stage projects helps them achieve remarkable results.

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