BNB Chain has announced the winners of the second round of the BNB Incubation Alliance (BIA), coinciding with the Bitcoin 2024 conference in Nashville. This initiative is part of BNB Chain's ongoing efforts to foster the growth of blockchain projects, with a focus on expanding Web3 user adoption.
Selected Projects
The winning projects were chosen by a panel of judges from organizations such as Binance Labs, Stanford Blockchain Accelerator, Franklin Templeton, Framework, Polychain, Alchemy Ventures, ArkStream Capital, Chainlink, CMS Holdings, Cointelegraph Accelerator, Draper Associates, and Outlier Ventures. The selected projects are:
Avalon Finance: Specializes in BTC LSDFi and CeDeFi lending as a liquidity hub.
Bedrock: Focuses on a multi-assets restaking protocol.
These projects will join BNB Chain's Most Valuable Builder (MVB) program and receive a Launch-as-a-Service (LaaS) package, providing services worth up to US$300,000.
Support for Blockchain Projects
The BNB Incubation Alliance provides extensive resources to support the development and growth of blockchain projects. This includes:
Support for Early-Stage Projects: Through hackathons, the BNB Incubation Alliance (BIA), and the Most Valuable Builder (MVB) program, along with potential grants from BNB Chain and investments from Binance Labs.
Support for Post-Deployment Projects: Includes incentives and grants based on key performance metrics such as daily active users (DAU), total value locked (TVL), and trading volumes.
Additional Support Services: Includes business development, technical support, and marketing assistance.
BNB Chain's Objectives
BNB Chain aims to facilitate the growth and mainstream adoption of blockchain technologies. Through initiatives like the BNB Incubation Alliance, the platform seeks to enable startups and developers to contribute meaningfully to the Web3 ecosystem.
