PRESS RELEASE – Dubai, UAE, October 30th, 2024]
BNB Chain, the community-driven blockchain ecosystem, has announced the 35 early-stage projects selected for season 8 of the Most Valuable Builder (MVB) Accelerator Program. The 4-week accelerator program is jointly run by BNB Chain, Binance Labs, and CMC Labs.
MVB continues with its goal of providing early-stage Web3 builders with the resources and support needed to thrive within the BNB Chain ecosystem to align with BNB Chain’s mission of onboarding the next billion Web3 users.
Season 8 officially kicked off on the 28th of October with a 2-day offline event in Dubai to coincide with Binance Blockchain Week, offering participants the chance to connect with peers, mentors, and guest speakers. Throughout the program, founders and core team members from each project will have access to a curriculum covering key topics to address early-stage Web3 project needs such as tokenomics design, fundraising strategies, building teams, and talent. The season will conclude with a Binance Labs investment based on Demo Day pitches and project performance throughout MVB. On Thursday, November 7 from 3 PM to 5 PM UTC, the MVB S8 Demo Day will be streamed live here. Participants can tune in from anywhere in the world to watch presentations from leading companies in the Web3 space as they showcase their innovative projects. Investors who would like to attend the Demo Day can register here.
13 projects were incubated in last year’s MVB program with Binance Labs investment in five top-performing projects in Season 7. These included Aggregata, Blum, Opinion Labs, SideKick, and Vooi. MVB continues to be a highly competitive program, with Season 8 receiving over 500 applicants. A selective process admitted 35 MVB Season 8 Accelerator teams, listed alphabetically by sector:
DeFi
- Allo.xyz – Tokenization and trading of Real-World Assets (RWA) on BNB Chain. Enables launching of financial assets on its RWA fund administration layer and tokenization of assets on BNB Chain.
- Avalon – A Hub for BTCFi.
- CarbonFi – Tokenized carbon credits with mint/redemption fees aimed at institutions for future emission compliance.
- Evoq Finance – Pool-based P2P lending protocol that leverages Venus protocol on BSC
- Paimon – Offers retail investors AI-powered portfolios in alternative assets traditionally reserved for institutions.
- RateX – Next-gen yield market with leveraged yield trading.
- SparkleX – With SparkleX, users can contribute their unused assets to provide liquidity for other applications and users.
- uDEX – Expanding the Horizons of Social Trading
- Vanilla Finance – Making cryptocurrency trading more accessible through low-cost entry points, leveraging popular communication platforms like Telegram.
- YieldFi – Bridges the yield gap by tokenizing delta-neutral yield strategies with a fallback on DeFi yield opportunities such as lending and RWA.
- YieldNest – Next-generation liquid restaking protocol that provides simple-to-understand, risk-adjusted restaking strategies for BNB Chain users.
Infra
- Alaya AI – Receives data requests from AI developers and distributes annotation tasks to platform users through a gamified UI.
- APRO Oracle – Decentralized Oracle services with Bitcoin-level security.
- Balloon Dogs – BalloonDogs is a Unified DeFi Abstraction Layer, designed to eliminate the complexities of blockchain technology.
- BAS (BNB Attestation Service) – BNB Attestation Service.
- Blockus – All-in-one platform for Web3 gaming, enabling game studios to build fast, reduce costs and laser focus on gameplay.
- Codatta – Empowers AI and software companies to leverage frontier data for training large language models (LLMs) while enabling data creators to earn revenue shares from models trained with their data.
- CodexField – Social wallet and storage platform with communication and DeFi integration.
- Infinity Ground – AI-enabled content creation and engagement platform for Web3 projects.
- Matchain – Decentralizes AI, enhances privacy, unifies identities, and incentivizes Web2-to-Web3 user onboarding through secure data monetization.
- Yotta Labs – Decentralized Operating System (DeOS) that orchestrates AI workloads across distributed GPU resources, addressing the demand for AI computing at a lower cost.
Application Layer
- Alias – AI-powered ecosystem that leverages AI agent applications and a decentralized data marketplace to enable scalable, personalized services while ensuring user data privacy and security.
- Alt.town – Facilitates IP value transactions for virtual celebrities, provides a community platform for news and events, and introduces gamified features for creating and nurturing virtual assets.
- Balance – Balance (Epal) connects users with companionship gaming services and supports both Web2 and Web3 game developers through publishing services and fan token solutions.
- Bando – Enables users to spend their crypto on any network they choose, directly within the wallet or dApp they are already familiar with.
- Cat Gold Miner – Telegram mini-app game.
- Four.meme – Fair launch platform for meme coins on BNB Chain.
- Gameland – Provides a multi-agent system to assist with web3 game creation, publishing, and playing.
- GamerBoom – A portal empowering Real Gamers, aiming to bring billions into the Web3.
- GraFun – GraFun operates as a memecoin launchpad utilizing an innovative Fair Curve model.
- Meet48 – Interactive community platform for idol-fan engagement.
- Moso – Rewards platform
- Nomis – A one-stop shop for users to build, manage, and leverage their on-chain reputation.
- REVOX – Addresses the adoption challenge of AI in Web3, uniquely positioning itself within the Web3 AI ecosystem.
- TaleX – Decentralized content ecosystem and digital content asset exchange.
Gala Wen, Director of Ecosystem Development at BNB Chain, said, “Season 8 marks a new chapter for MVB, with exciting new elements like the offline event in Dubai that gives participants a unique opportunity to engage directly with industry leaders and mentors. This season’s expanded curriculum, coupled with the potential for Binance Labs investment, ensures that founders are equipped with the tools and insights they need to succeed. We’re thrilled to see how these promising projects will evolve and continue driving the growth of the Web3 ecosystem on BNB Chain.”
Alex Odagiu, Senior Investment Director, Binance Labs: “The MVB program is instrumental in empowering early-stage Web3 builders, and aligns with Binance Labs’ mission to champion early-stage innovation with meaningful and sustainable impact. We look forward to supporting the new cohort of BNB Chain projects in Season 8 as they drive adoption and onboard the next billion Web3 users.”
“CMC Labs is thrilled to partner with Binance Labs and BNB Chain as a strategic partner for Season 8 of the MVB Accelerator Program. MVB 8 provides a unique opportunity for promising Web3 builders to gain access to the expertise, resources, and investment of industry leaders. We look forward to supporting the projects selected” – Rush, CEO of CoinMarketCap
At the end of the 4-week accelerator, the 35 project teams will showcase and pitch their projects to investors at Demo Day. Binance Labs will make an investment decision on selected top-performing project teams.
Users can follow Binance Labs, BNB Chain, and CoinMarketCap on X for the latest news on MVB 8.
*Please note, admission into the MVB Accelerator Program does not equate to any investment in the projects. Binance Labs will make a final investment decision at the end of the MVB program.
About BNB Chain
BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:
- BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.
- opBNB: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.
- BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.
Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.
For more, follow BNB Chain on X or start exploring via their Dapp library.
About Binance Labs
Binance Labs is the leading venture capital and incubator committed to empowering early-stage projects and driving the growth and development of the Web3 ecosystem. Since their founding in 2018, we have consistently focused on the long-term, and provided strategic support and funding to projects, regardless of market cycles.
As a chain- and sector-agnostic venture capital leader in the Web3 space, we back everything from infrastructure to application layers, and their focus has consistently been on tech innovation with meaningful product-market fit and potential revenue models.
Binance Labs’ portfolio covers over 250 projects from over 25 countries across six continents. More than 65 of Binance Labs’ portfolio companies are projects that have gone through their incubation programs. For more information, users can follow Binance Labs on X.
About CMC Labs
CMC Labs is CoinMarketCap’s selective accelerator program for startups, supporting Web3 entrepreneurs with a range of expert services, including marketing campaigns, social amplification, bespoke content and networking opportunities with top-tier ecosystems, VCs, market makers and mentors. To learn more, users can visit CMC Labs.
