Binance Labs to Fund Seven Projects From MVB Accelerator Program

Binance Labs, the venture arm of Binance, the world’s leading cryptocurrency exchange, announced its intention to invest in seven projects chosen from The Most Valuable Builder (MVB) Accelerator Program, a project that is jointly led by BNB Chain. 

Markedly, the seven selected projects cut across Decentralized Finance (DeFi), gaming, Non-fungible tokens (NFTs), and Web3.0 amongst many other ecosystems. Specifically, the seven projects under Binance Labs’ selection in no order include Meta Apes, a free-to-play and win-to-earn mobile strategy game; Multichain Event Protocol (MEP), an interoperability communication protocol.

Gameta, a platform that allows users to play different casual games under one roof; Velvet Capital which makes DeFi sleeker and safer by helping users invest in tokenized portfolios automatically; SpaceID, a startup building decentralized, censorship-resistant, and open-sourced universal identifiers is another project that Binance Labs has selected.

The other two are Overeality, a protocol building the infrastructure for Web3 interoperability and scalability, and Web3Go, a multichain open data analytics platform that supports push notifications for on-chain events.

Binance Labs Mentors MVB Project Founders

According to Binance, the Most Valuable Builder (MVB) Accelerator Program is an accelerator program jointly led by Binance Labs and the BNB Chain. Its aim is to bring project founders on board the BNB Chain and at the same time, provide them access to mentoring and funding. 

The program is already in its fifth season. The fifth cohort of the MVP Accelerator Program kicked off in June and already has over 700 participants which is the highest that the program has recorded so far. Since the inception of the program, this is the first time Binance Labs is choosing among its top innovative projects for investment. 

As part of Binance Labs’ contribution to the MVB program, during the three months incubation period, it provided the participants with coaching, network assistance, and ecosystem integration support. 

In all of the workshops organized by Binance Labs, it assembled industry veterans who provided the project founders with knowledge spanning across various topics. Subject matters like product innovation, infrastructure scaling, user optimization, strategic branding, and tokenomics were discussed. 

Co-founder Yi He who recently became the head of the venture capital firm said;

“The MVB Accelerator Program helps innovative projects scale on the BNB Chain so they can reach their full potential. Binance Labs supports founders on their products, operations, community, and capital needs. These projects will grow further and positively impact the BNB Chain and the broader crypto ecosystem.”

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