Binance Labs Invests in Five Projects From BNB Chain’s MVB Season 7

Update - 10 September 2024*

BNB Chain has announced that five top-performing projects from the seventh season of the Most Valuable Builder (MVB) program have received investment from Binance Labs, the venture capital and incubation arm of Binance. 

The accelerator program, a collaboration between BNB Chain, Binance Labs, and CMC Labs, aims to foster growth within the BNB Chain ecosystem. These investments demonstrate Binance Labs’ commitment to incubating and supporting high-potential projects that build meaningful use cases and align with BNB Chain’s mission of onboarding the next billion Web3 users. 

The five MVB projects selected for investment:

• Aggregata unifies AI data, models, and computing into a seamless, one-stop platform.
• Blum is a trading mini-app in Telegram, focused on memecoins and new tokens with leverage.
• Opinion Labs is building dynamic opinion and continuous prediction markets.
• SideKick is the Consolidation Hub For Social, games & beyond 
• Vooi is a cross-chain perp DEX aggregator supporting EVM and non-EVM chains. 

Founders in the program received 1-1 mentorship from experts from BNB Chain, CMC Labs, and the Binance Labs Investment team, along with fireside chats with Binance Labs portfolio founders and Binance Co-Founder and Head of Binance Labs, Yi He. Additionally, MVB participants gained access to the BNB Chain Launch-as-a-Service (LaaS) package. Covering infrastructure, security, and treasury management to business growth and marketing, LaaS, in collaboration with BNB Chain ecosystem partners, aims to accelerate project success through a range of benefits including free services worth up to US$300,000. 

This season received over 700 applications and the programs’ highly selective process admitted less than 2% of the total applicant pool to welcome the 13 MVB Season 7 Accelerator teams. 

The BNB Chain Core Development Team added: “At BNB Chain, we are focused on giving the best support to developers and startups through our builder support programs, empowering them to reach a global audience and advance our mission of driving widespread Web3 adoption. The founders from the MVB Program represent the exceptional talents that are accelerating the BNB Chain ecosystem. We are excited to see how they will drive and redefine the Web3 landscape."

Yi He, Co-Founder of Binance and Head of Binance Labs commented: "Binance Labs is committed to supporting early-stage founders building products with meaningful and sustainable impact. The five projects from the MVB program we are investing in are led by exceptional builders who have demonstrated a strong capability to grow the BNB Chain ecosystem. We look forward to watching their positive impact on the Web3 industry.” 

Rush, CEO of CoinMarketCap said: “CMC Labs is excited to congratulate the winners of Season 7 of the MVB Program. These exceptional Web3 projects have shown tremendous potential, and we're proud to support their growth with the expertise and resources from industry leaders. We look forward to seeing how these innovative projects will shape the future of the Web3 ecosystem.” 

Follow BNB Chain on X for announcements and future MVB updates. Find out more about the MVB Program here.

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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 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 our Dapp library.

About Binance Labs

As the venture capital arm and incubator of Binance, Binance Labs is dedicated to empowering early-stage projects and leading the growth and development of the Web3 ecosystem. Since our 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 our focus has consistently been on tech innovation with meaningful product-market fit and sustainable 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 our incubation programs. For more information, 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, visit CMC Labs.

*Blum's inclusion in BNB Chain's MVB Season 7 was always part of the plan but some legal and administrative matters had to be finalized before announcing. Now that everything has been settled internally, we’re excited to officially announce Blum.