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Alongside the launch of the BNB Chain mainnet a bit over one year ago, Binance.com announced the $100 million BNB Chain Accelerator Fund designed to empower emerging projects and drive collaboration between centralized finance (CeFi) and decentralized finance (DeFi). The goal for the $100M was to build a foundation for DeFi 1.0 and Cross-chain infrastructure.
From this $100M, more than 40 projects received seed funding of up to $1M. These have all been direct investments into singular projects and companies.
Since the BNB Chain Accelerator Fund’s investment, projects like BakerySwap, AnySwap, Paid Network, Juggernaut, NFTb, and Gala Games have increased their market cap by upwards of 500%. The total portfolio’s contribution to the BNB Chain ecosystem currently sits at 19% of transaction volume and 47% of active addresses and growing. BakerySwap, Mask Network , and Gala Games have also been listed on Binance.com.
We have enjoyed working and growing together with the portfolio and want to do more now.
Our mission is to accelerate mainstream adoption and bring disruption and innovation to legacy financial infrastructures and traditional industry sectors. We plan to achieve this by using $500 million from the $1 Billion Growth Fund by Binance.com. We will distribute the fund into direct investments into projects and startups, and now what’s new, it’s through co-investment collaborations with industry leaders across different fields.
In 2021, we have seen blockchain and crypto introduce disruptive innovations. The explosive growth in both GameFi and SocialFi, combined with innovation in multi-chain and cross-chain infrastructures, creates a new paradigm in the blockchain industry and we want to work with market leaders to disrupt even more traditional industry sectors.
Here’s more information about the two types of investments and partnerships we are looking to focus on.
We will continue making direct investments in promising projects and startups. Some of our other portfolio projects include Biconomy and MCDEX. We continue to meet directly with entrepreneurs and builders who are doing everything from building new DeFi protocols to the next big GameFi/SocialFi, and cross-chain platforms.
Sectors of focus:
We will invest up to $1M for each project in return for equity and/or tokens.
If you are building on BNB Chain, please apply directly for funding through our form. Click here to apply.
Under this $1B Growth Fund, we now want to supercharge individual projects and industry leaders and institutions who have a track record of setting the pace of their respective industries.
We want to set up co-investment vehicles with industry leaders, especially traditional Web2 institutions interested in exploring Web3. We are interested in scaling blockchain technology for real-life use cases and bridging the gap between cryptocurrencies and blockchain and the current giant mass-market sectors.
We believe that the future is CeDeFi, and crypto mass adoption can only happen if we work with institutions that have already established leadership in understanding these mass-market sectors. We want to leverage your industry expertise and pair that with our Web3 expertise to select promising and innovative projects.
Sectors of focus:
We welcome companies in the above sectors: you could be an infrastructure company, mobile games publisher, financial service institution, VR, social media company, and others. If you want to accelerate your organization and industry’s journey into Web3, speak with us.
We will co-invest or invest into a vehicle to, in turn, make direct investments into projects.
If you are a market-leading institution and want to explore our investment collaborations, please apply via our form. Click here to open the contact form.
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