Binance Forms Alliance to Support Web3 Startups

The BNB Chain ecosystem and Binance Labs have launched the BNB Incubation Alliance, aimed at supporting early-stage Web3 projects.

Promising projects will be selected for incubation through a series of global events, organized in collaboration with leading venture funds and developer communities.

Applications will be reviewed during events such as:

• EthCC 2024 in Belgium (July);
• Bitcoin 2024, USA (July);
• Token 2049, Singapore (September);
• Binance Blockchain Week, UAE (October);
• DevCon and ETHGlobal, Thailand (November).

Winning startups will gain direct access to the BNB Chain MVB program and a Launch-as-a-Service package, which includes networking with partners, potential mutual integrations, security audits, and other services valued up to $300,000.

Following the selection of the seventh MVB season, 13 early-stage Web3 projects participated in a 10-week accelerator. The program featured workshops led by experts and mentorship support. In the finale, Binance Labs made investment decisions based on the projects’ performance metrics.

In April, BNB Chain announced the launch of native staking on BNB Smart Chain.