Alchemy

Franklin

Avalon

Bedrock

BNB Chain&nbsp;<a style="text-decoration:none" href="https://www.bnbchain.org/en/blog/announcing-the-winners-of-bnb-incubation-alliance-round-2-at-bitcoin-2024" rel="noopener noreferrer nofollow">revealed</a> the winners of the second round of its BNB Incubation Alliance (BIA). The BIA is a key part of BNB Chain's strategy to support and accelerate the growth of blockchain projects on its platform.
<h2 dir="ltr" id="span-span-avalon-finance-and-bedrock-take-the-spotlight-span-span">Avalon Finance and Bedrock Take the Spotlight</h2>
The winners of this round, Avalon Finance and Bedrock, were selected by a distinguished panel of judges from prominent organizations.&nbsp;
&nbsp;
These include Binance Labs, Stanford Blockchain Accelerator, Franklin Templeton, Framework, Polychain, Alchemy Ventures, ArkStream Capital, Chainlink, CMS Holdings, Cointelegraph Accelerator, Draper Associates, and Outlier Ventures.
&nbsp;
Avalon Finance is recognized for its innovative approach as a liquidity hub for BTC LSDFi and CeDeFi lending. Bedrock, on the other hand, is a multi-assets restaking protocol that promises to enhance the efficiency and utility of blockchain assets.
&nbsp;
Both Avalon Finance and Bedrock will be fast-tracked to join BNB Chain’s Most Valuable Builder (MVB) program. This program offers crucial resources for growth to promising projects.
&nbsp;
The winners will also gain access to the Launch-as-a-Service (LaaS) package, which includes free services valued up to $300,000.
<h2 dir="ltr" id="span-span-support-for-blockchain-projects-span-span">Support for Blockchain Projects</h2>
The BIA is part of BNB Chain’s broader builder support program, which aims to provide comprehensive assistance to projects at various stages of development:
<ul>
 <li>For Projects in the Ideation Phase: Initiatives like hackathons, BIA, and MVB help nurture early-stage ideas. This includes potential grants from BNB Chain and investment opportunities from Binance Labs.&nbsp;</li>
 <li>For Projects in the Post-Deployment Phase: Incentives and grants are available based on key performance metrics such as daily active users (DAU), total value locked (TVL), and trading volumes to ensure sustainable growth.&nbsp;</li>
 <li>Additional Support: Projects also receive kickstart assistance, business development resources, 24/6 tech support, and marketing help.</li>
</ul>
<h2 dir="ltr" id="span-span-how-the-bnb-incubation-alliance-works-span-span">How the BNB Incubation Alliance Works</h2>
The&nbsp;<a style="text-decoration:none" href="https://www.bnbchain.org/en/blog/bnb-chain-and-binance-labs-launch-bnb-incubation-alliance-bia" rel="noopener noreferrer nofollow">BNB Incubation Alliance (BIA)</a> collaborates with various partners to host global events aimed at early-stage blockchain projects. The program’s focus is on projects that are in the incubation stage, including those in pre-product launch or shortly after launch phases.
&nbsp;
Winning projects are awarded based on their performance:
<ul>
 <li>1st Award: Direct admission to the MVB program, the LaaS package, potential Binance Labs investment opportunities, and BNB Chain grants.</li>
 <li>2nd Award: Priority consideration for MVB admission, BNB Chain grants, and LaaS package.</li>
 <li>3rd Award: Priority consideration for MVB admission and LaaS package.</li>
</ul>

BNB Chain Announces Winners of Second BNB Incubation Alliance Round

Table of Contents

BSCN

Other articles published on Aug 6, 2024

XRP Ledger Sees Sharp Decline In Major Metric That Threatens To Send XRP Price To $0.2

Looking Back at Pi Network’s ‘Pi2Day Challenge’

Pump.fun's High Failure Rate Revealed: 98.6% of Memecoins Never Launch

Ronin: Whitehats return $10m in Ether after MEV bug

BlackRock Takes Another Step Forward for Ethereum Spot ETFs

Northern Data Reports Strong Q2 2024 Growth, Reaffirms Full-Year Financial Targets

Join our free newsletter for daily crypto updates!