Wu said that BNB Chain and Binance Labs jointly announced the launch of the BNB Incubation Alliance (BIA). Winning projects will have the opportunity to directly enter the Most Valuable Builder (MVB) program, receive BNB Chain grants, Launch-as-a-Service (LaaS) and possible Binance Labs investment opportunities. BIA will work with top venture capital firms and incubators to host major offline events to screen early-stage projects and conduct selections. The first events will be held in July 2024 at EthCC 2024 in Brussels, Bitcoin 2024 in Nashville, Token 2049 in Singapore, Binance Blockchain Week in Dubai, and DevCon and EthGlobal in Bangkok.