BSC eyes a dynamic ecosystem with wide-ranging areas of investment focus for the deserving
Investment Focus of BSC
Binance Smart Chain (BSC), one of the world’s largest decentralized smart contract networks, laid out its 2022 investment focus on key areas of development in four main categories. The goal is to accelerate the adoption of digital assets and blockchain technology.
The team from Binance Smart Chain unveiled the investment distribution during its annual speech given at the SecondLive MVB Pavillion on January 7. Binance launched its $1 billion growth fund in early October to provide funding for deserving projects.
The four main pillars identified were:
Talent development
Liquidity incentive
Investment
Development and incubation program
The investment focus breaks down areas of investment focus by categories. These categories are segmented into four large groups: MetaFi, Decentralized Finance (DeFi), web/development tools, and web 3.0 infrastructure.
MetaFi is a novel key term that refers to ‘smarter DeFi,’ a seamless way of onboarding users into the crypto space.
Building Value on BSC
Development activities on a blockchain network are among the most telling indicators of a thriving ecosystem. Binance has been adopting a proactive stance to spur the growth of quality projects and innovative ideas to find its ‘home’ on BSC.
BSC’s initial accelerator fund has grown from $100 million to a massive $1 billion growth fund. This effort has been producing good yields. The results are visible through on-chain data. The key figures in 2021 are:
2.14 billion transactions in total
All-time high (ATH) daily transactions on 25th Nov
123 million new wallet addresses were created globally
DeFi Total Value Locked (TVL) stands at $17 billion
Decentralized Exchange (DEX) transaction volume totaled over $300 billion
How to Apply
BSC has allocated $500 million as an accelerator fund. Application for the funds can be made here. Applicants are expected to pitch their value proposition to the ecosystem and how the project can spur a wider crypto adoption.
If the project involves tokens, what are the tokenomics that will sustain or improve the value of the tokens?
Most Valuable Builder (MVB)
BSC’s approach is to create the most conducive and supportive environment for growth. One of the main efforts to achieve this has been prepared through the Most Valuable Builder (MVB) program. The MVB program was designed to find the best projects and fuel their growth and development.
MVB program is now in its fourth season, and it promises up to $1 million worth of investment from the BSC Fund. If you are a developer or have innovative ideas on shaping the future of digital assets and blockchain technology, you can be part of this thriving ecosystem and make a difference.
Source : bsc.news
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