Binance Labs and BNB Chain Open Applications for 5th Cohort of MVB Accelerator Program

Most Valuable Builder (MVB) Accelerator Program, the incubation program designed to support builders on BNB Chain, a community-driven and decentralized blockchain, is now accepting applications from projects for its fifth cohort, Uncharted Territory. MVB V aims to empower projects and founders who need support in building cutting-edge web3 dApps.

MVB is the program behind several successful projects on BNB Chain such as MCDEX, Biswap, Deri Protocol, and WOO Network. MVB V is looking for projects across all stages with a defined vision, plan, and founding team. It is co-led by BNB Chain and Binance Labs to help projects deliver a working product all the way to product-market fit. There will be two pools in the program: incubation and investment. Any selected projects will be guaranteed with the 6-8 weeks of curriculums including mentorships and fireside chats with market leaders. 

BNB Chain is the world’s largest smart contract blockchain in terms of transaction volume and active users. The ecosystem has more than 1,300 active dApps across multiple categories such as DeFi, Metaverse, blockchain games, NFT, and more. Since its launch in 2020, BNB Chain has processed more than 3 billion transactions from 163 million unique addresses, reaching a daily transaction all-time-high (ATH) of 16.26 million in November 2021. 

“MVB V will attract a wide range of developers across key segments such as  infrastructure, DeFi, GameFi, SocialFi, and Metaverse, driving project development and innovation within the BNB Chain ecosystem. It connects founders with our extensive network of industry leaders and investors in the crypto space, and makes it possible for current and future cohort-mates to collaborate closely. Overall, MVB strives to offer the best environment possible for founders to focus on building,” said Gwendolyn Regina, Investment Director at BNB Chain.

Tyler Z., Investment Manager at Binance Labs, said: “Binance Labs has been keen to work with founders that participate in the MVB program and is happy to finally establish the program with BNB Chain. As a venture capital arm and an accelerator of Binance, Binance Labs will review all the applications, work together with BNB Chain to accelerate the selected projects, make selective investments in eligible projects, and provide necessary post-investment supports for the founders.”

The cohort application deadline is July 8, 2022 and the program will start on July 11, 2022. Binance Labs will follow a thorough evaluation process for projects that are selected for incubation before making an investment decision.

Projects from previous MVB cohorts gained immense popularity, with some MVB winners dominating the global rankings in DeFi, NFT, GameFi, and Infrastructure & Tooling.

About BNB Chain

BNB Chain is a community-driven, decentralized and censorship-resistant blockchain, powered by BNB. It consists of BNB Beacon Chain and BNB Smart Chain (BSC), which is EVM compatible and facilitates a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem. 

About Binance Labs

Binance Labs identifies, invests, and empowers viable blockchain entrepreneurs, startups, and communities, providing financing to industry projects that help grow the larger blockchain ecosystem. Binance Labs is committed to supporting fast-executing teams who positively impact the crypto space. For more information, visit labs.binance.com/.

Source : bsctimes.com

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