Binance Labs has announced that it will support four new projects as part of the BNB Chain Season 7 MVB program. The Most Valuable Builder (MVB) program is a 10-week accelerator initiative designed to support builders, founders, and developers focused on growing the BNB Chain ecosystem.
Launched in 2021, the MVB program aims to inspire innovation and development within the Web3 space by providing tailored support to early-stage projects. For Season 7, BNB Chain chose Aggregata, Opinion Labs, SideKick, and Vooi.
Aggregata is a platform that brings together AI data, models, and computing resources in one place. Opinion Labs focuses on creating prediction markets, where people can predict future events.
SideKick combines social features, gaming, and other apps into one platform. Lastly, Vooi is a tool that helps with trading contracts across different blockchains, including both EVM and non-EVM chains.
The success of the Season 7 MVP program
During the 10-week program, participants got special support, including one-on-one guidance from experts at BNB Chain, Binance Labs, and CMC Labs. They also had access to the BNB Chain Launch-as-a-Service (LaaS) package, which is worth up to $300,000.
The MVB Season 7 program received over 700 applications, but less than 2% were accepted. Thirteen teams were chosen because of their great talent and creative ideas.
At the end of the program, the teams presented their projects to investors at a Demo Day event, where Binance Labs decided to invest in the best ones.
Binance Labs is a key initiative of Binance, aimed at identifying, investing in, and empowering promising blockchain entrepreneurs, startups, and communities. Established to foster the growth of the blockchain ecosystem, it provides financial support and resources to industry projects with the potential to positively impact the Web3 space.
Participants in this program benefit from mentorship and guidance in critical areas such as regulatory compliance, technology implementation, marketing, product development, and team building.
Binance Labs has successfully incubated several notable projects, including the Perpetual Protocol, a decentralized platform for trading perpetual contracts, and the Marlin Protocol, which offers high-performance network infrastructure. Other projects like GAT Network, which provides a framework for decentralized NFTs, have also received backing from Binance Labs.
A few months ago, Binance Labs and BNB Chain launched the BNB Incubation Alliance (BIA) to support early-stage Web3 startups. This initiative brings together leading venture capital firms and incubators to empower promising blockchain ventures and accelerate their growth.
The BIA program plans to host additional in-person events globally to identify and select promising projects with the help of BNB Chain, Binance Labs, prominent VCs, and incubators. Selection criteria include whether projects are in their incubation phase, either just before or right after launching their product, team size, and any prior fundraising efforts. Once chosen, projects will face a judging panel, with the top contenders receiving awards.
