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BNB Chain and Google Cloud Invest in Web3 Project Development

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by Giorgi Kostiuk

a year ago

BNB Chain and Google Cloud have entered a partnership, providing $10 million in cloud credits to support project development within the BNB Chain ecosystem. These funds aim to drive innovation in decentralized application development.

BNB Chain and Google Cloud Partnership

Google Cloud is investing $10 million in cloud credits for projects building on BNB Chain. Up to 40 projects will be eligible for up to $350,000 for AI-focused projects and $200,000 for others. These funds will boost application development within the BNB Chain ecosystem, which already hosts over 4,000 decentralized applications across sectors like DeFi, NFTs, metaverse, and gaming.

MVB Program: Eighth Season

The MVB program, currently in its eighth season, serves as a four-week accelerator to support developers, founders, and builders. By providing resources and guidance through Binance Labs and CoinMarketCap's accelerator, CMC Labs, the program aims to expedite the growth of innovative projects within the BNB Chain ecosystem. Participants receive comprehensive assistance, including development strategies and scaling advice.

Impact on the Blockchain Sector

Google Cloud has already integrated its infrastructure with several blockchain projects, including MANTRA Chain, Flare, and Sui. Additionally, a strategic partnership was recently announced with Cronos Labs, where Google Cloud acts as a validator and supports startup development. Given that BNB Chain is the largest smart contract blockchain by daily active users, it has a unique advantage to attract new developers and users.

In conclusion, the collaboration between BNB Chain and Google Cloud accelerates the development of decentralized applications and strengthens BNB Chain's position as a leader in blockchain technology.

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