- Binance Labs' Investment in Blum
- Competitiveness of the MVB Program
- Other Cryptocurrency Projects Funded by Binance Labs
Binance Labs, the venture capital arm of Binance, has announced its new investments in Blum and other outstanding projects as part of the seventh season of the Most Valuable Builder (MVB) program.
Binance Labs' Investment in Blum
Binance's venture capital arm, Binance Labs, announced its investment in Blum, a mini trading application on Telegram specialized in leveraged trading of memecoins and new tokens. This investment is part of Binance Labs’ participation in the 7th season of the MVB program, aiming to support and accelerate the growth of Web3 innovators within the BNB Chain ecosystem.
Competitiveness of the MVB Program
The MVB program is known for its rigorous selection process. This season, over 700 applications were received, with less than 2% being accepted. This initiative is a collaborative product between BNB Chain, Binance Labs, and CMC Labs, focusing on identifying and nurturing high-potential Web3 projects. In the 7th season, 13 teams were selected for their outstanding features and innovations, with five teams receiving investments from Binance Labs.
Other Cryptocurrency Projects Funded by Binance Labs
In addition to Blum, Binance Labs invested in four other top-performing projects during the 7th season of the MVB program. These projects include Aggregata, Opinion Labs, SideKick, and Vooi. Aggregata aims to integrate AI data, models, and computing into a seamless, one-stop platform. Opinion Labs is developing dynamic opinion and continuous prediction markets. SideKick serves as a consolidation hub for social interactions, games, and more. Vooi is a perpetual DEX aggregator supporting both EVM and non-EVM Blockchain networks.
Binance Labs' investments in Blum and other projects during the 7th season of the MVB program demonstrate their commitment to supporting innovations in the Web3 space and the cryptocurrency market.
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