Recap of the BNB Incubation Alliance (BIA) at Bitcoin 2024 and EthCC

The BNB Chain Incubation Alliance (BIA) has been making significant strides in the blockchain community with its recent events during EthCC in Brussels and Bitcoin 2024 in Nashville. These events have showcased the immense potential of early-stage projects and highlighted BNB Chain’s commitment to supporting them.

How BIA Works

BIA is an incubator that aims to support and expedite the growth of early-stage blockchain projects through a series of global events – a collective endeavor alongside prominent venture capitalists, incubators, and robust developer communities. 

Connecting to BNB Chain's vision, we aim to help startups and developers achieve real business and cross the chasm. Our mission is to onboard the next billion Web3 users, and BIA is a crucial part of this support for early-stage projects and founders.

BIA: A Key Part of BNB Chain's Builder Support Program

BIA Winners will join BNB Chain’s highly selective Most Valuable Builder (MVB) program and have the opportunity to receive potential grants and access to the Launch-as-a-Service (LaaS) package with services worth up to US$300,000.

BIA offers unparalleled resources for project growth within the ecosystem. It's part of BNB Chain’s comprehensive builder support program which includes:

• Ideation Phase: Hackathons, and MVB to nurture early-stage ideas, with potential BNB Chain grants and investment from Binance Labs.
• Post-Deployment Phase: Incentives and grants for key performance metrics like daily active users (DAU), total value locked (TVL), and trading volumes to ensure sustainable growth.
• Additional Support: Kickstart, business development, 24/6 tech support, and marketing support.

Bitcoin 2024, Nashville

BNB Incubation Alliance (BIA) at the Bitcoin 2024 in Nashville was an electrifying event, bringing together top minds from the blockchain and crypto investment world. The event was packed with insightful discussions, focusing on the future of blockchain technology and the support for early-stage projects. We would also like to thank our sponsors, Seraph, WHY?, and Lorenzo.

Highlights 

Representatives  from prestigious 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 joined the event as judges.

Additionally, several of the judges also participated in our expert panel and covered critical topics like "Post VC-Era: What’s the End Game?" and "Bit-Coin-aissance on EVM." Key points of the discussions include the importance of exceptional founders and long-term support over specific narratives. They also chatted about sustainable business models that should focus on enhancing products with tokenomics rather than selling tokens.

The panel suggested that founders should tackle real problems, with Layer 2 solutions needing unique products to stand out. They noted ongoing interest in AI, decentralized infrastructure, and the strength of marketplaces as business models. They also advocated for earlier public sales to improve price discovery and emphasized Bitcoin adoption by individuals and institutions, focusing on simple, understandable solutions and the power of network effects.

Winners (Alphabetical Order):

• Avalon Finance: A liquidity hub for BTC LSDFi and CeDeFi lending.
• Bedrock: A multi-assets restaking protocol.

Other Participating Projects:

• Rivo: Self-custodial app with one-click access to DeFi yields.
• KvantsAI: Marketplace for Omni Chain AI-driven quantitative trading strategies.
• Folks Finance: Cross-chain DeFi hub platform.
• BitRivals: Data layer connecting any game to the blockchain.
• Trips: IP protection for the new data economy.
• RNDM: Decentralized AI liquidity layer for user trading intent resolution.
• The Colony: Social marketplace for collectors and resellers.
• Moso: Blockchain-powered referral and rewards programs for brands.
• ZKT Network: Web3 compliance with Layer 2 ecosystem innovation.
• Catalog: Fastest Bitcoin-centric interoperability protocol.
• iAgent: DePIN decentralized computing for training AI agents from gameplay footage.
• DePHY: Framework for launching DePin applications.
• GoldLink: Institutional-grade prime brokerage on-chain.

EthCC, Brussels

The BIA had a highly successful launch at EthCC in Brussels in July. A huge thank you to Alchemy and Open Ledger for sponsoring the two-day event. The purpose of the event was to support and accelerate the growth of promising early-stage blockchain projects.

Highlights

Representatives from Binance Labs, Bitkraft, Zero Knowledge Ventures, Outlier Ventures, Spartan Group, Faculty Group and Penrose Ventures joined the event as judges.

BNB Chain’s Solutions Architect delivered an engaging keynote, setting the tone for a day filled with innovation and collaboration. Followed by Binance Labs shared the latest updates, followed by project presentations showcasing cutting-edge developments.

Winners (Alphabetical Order):

1. Balloon Dogs: The first DeFi Abstraction Layer
2. Blackwing: Liquidation free margin on meme coins.
3. Payman: Making it easy for AIs to pay humans

Other Participating Projects:

• Skate Chain: A unified liquidity layer engine.
• Bandoo: Payment gateway for LATAM.
• uDex: Decentralized platform for spot and leverage cryptocurrency trading.
• OpenSocial: Protocol for next-gen social apps and SocialFi ecosystems, supporting multichain.
• Alaya AI: Provides real-time reporting and analytics for businesses to track progress, adapt strategies, and make informed decisions.
• ADOT Network: Decentralized AI search tool for Web3 discovery.
• Arkis Finance: Offers capital-efficient undercollateralized leverage for DeFi financial institutions and traders.
• ION Protocol: Open source protocol supporting Ethereum stakers and restakers, unlocking new applications for their assets.
• Absinthe: Instant launch of points programs with no code required.
• Bloom: Leading wallet for the IOTA and Shimmer ecosystem, managing crypto, DeFi, and NFTs.
• PurerAir: Addresses global air pollution with a decentralized network of real-time air quality data through wearable sensors, using blockchain and AI for reliable data management and rewarding contributors with tokens.
• OpenLayer: Modular data layer for data interoperability, supporting both web2 and web3 companies. Leading AVS on EigenLayer mainnet with over 40 operators and $5B in restaked assets. Backed by a16z CSX, Geometry Ventures, and others.
• PLUR: Social finance layer to rechannel liquidity and attention for the greater good, aiming to bring crypto to 1 billion people.
• Lookonchain: Uses advanced natural language processing (NLP) to translate complex blockchain data into human-readable insights.
• Moelive: Live streaming app that makes users super cute using AI.
• AAA (All Access Anonymous): Revolutionizes the live experience economy by bringing music, entertainment, and cultural experiences onchain.
• Holonym: Privacy-preserving identity protocol using zero knowledge proofs to verify user facts without revealing their full identity.
• YieldNest: LRT allowing users to restake in selected AVS category baskets like DeFi, AI, oracles, and bridges.
• Kasu Finance: Optimizes businesses' cash flows for RWA lending to improve credit risk and deliver superior risk management with higher yields.
• Mira: AI infrastructure solution making AI development streamlined and developer-friendly.

Looking Ahead

BNB Chain’s vision goes beyond support. We aim to help startups and developers achieve real business success and cross the chasm into mainstream adoption. Through initiatives like the BNB Incubation Alliance, BNB Chain empowers startups and developers to make meaningful contributions to the Web3 ecosystem.

The BNB Chain Incubation Alliance events at both Bitcoin 2024 and EthCC highlighted the potential of early-stage projects and showcased BNB Chain’s robust support ecosystem. 

Stay tuned for more updates and opportunities from BNB Chain as we continue to support the next generation of blockchain innovation. Find out more about BIA here.

Follow us to stay updated on everything BNB Chain

Website | Twitter | Telegram | Instagram | Facebook | dApp Store | YouTube | Discord | LinkedIn | Build N' Build Forum