Gala

Dubai, UAE, August 29th, 2024, Chainwire 
<a href="https://www.bnbchain.world/" rel="nofollow noopener" target="_blank">BNB Chain</a>, the community-driven blockchain ecosystem that includes the <a href="https://twitter.com/nansen_ai/status/1667129159435337728" rel="nofollow noopener" target="_blank">world’s largest smart contract blockchain</a>, has <a href="https://forms.monday.com/forms/01d6aa8dc1d71a2a576923866915f563?r=apse2" rel="nofollow noopener" target="_blank">opened applications</a> for Season 8 of its <a href="https://www.bnbchain.org/en/bsc-mvb-program" rel="nofollow noopener" target="_blank">MVB (Most Valuable Builder) program</a>, aimed at supporting the growth of projects within the BNB Chain ecosystem. The now 4-week accelerator program, which is jointly run by&nbsp;<a href="https://labs.binance.com/" rel="nofollow noopener" target="_blank">Binance Labs</a>—the venture capital and incubation arm of Binance—and <a href="https://coinmarketcap.com/events/cmc-labs/" rel="nofollow noopener" target="_blank">CMC Labs</a>, CoinMarketCap’s exclusive accelerator program for startups, will now be held more frequently, increasing to one season per quarter. 
The deadline to apply to MVB Season 8 is September 18, 2024 at 11:59 PM UTC. Projects can apply <a href="https://forms.monday.com/forms/01d6aa8dc1d71a2a576923866915f563?r=apse2" rel="nofollow noopener" target="_blank">here. </a>The application review, founder interviews, and admission decisions will be conducted on a rolling basis, and admitted projects will be officially notified via email.&nbsp; 
MVB is for early-stage projects building innovative Web3 projects on BNB Chain, and is designed to offer a tailored curriculum covering key topics to address early-stage Web3 project needs. It includes fireside chats and 1:1 mentorship with BNB Chain, the Binance Labs Investment team, and CMC Labs as well as access to resources across the BNB Chain ecosystem. MVB participants also get access to the BNB Chain <a href="https://bnbchain.org/en/blog/accelerate-project-growth-with-bnb-chain-laas-program?ref=bnbchain.ghost.io" rel="nofollow noopener" target="_blank">Launch-as-a-Service (LaaS) package</a> which includes free services worth up to US$300,000 and opportunities for investment from Binance Labs. 
Season 7 of MVB received hundreds of applications, with less than 2% being admitted to the program. 13 project teams spanning DeFi, infrastructure, gaming and AI were selected and Binance Labs <a href="https://www.bnbchain.org/en/blog/binance-labs-invests-in-four-projects-from-bnb-chains-mvb-season-7" rel="nofollow noopener" target="_blank">invested in four standout projects</a> at the end of the season.&nbsp; 
Projects must meet the following criteria to apply to MVB: 
<ul> 
 <li>The majority of business and transaction volume is captured on BNB Chain</li> 
 <li>Smart contract for core business is deployed on BNB Chain</li> 
 <li>The project token is initially launched on BNB Chain</li> 
</ul> 
<blockquote>
 Gala Wen, Director of Ecosystem Development at BNB Chain said: “At BNB Chain, our mission is to onboard the next billion Web3 users. Through the Most Valuable Builder (MVB) program, we empower startups and developers to achieve real business success and cross the chasm. By leveraging resources from the BNB Chain ecosystem, MVB provides extensive support, enabling projects to grow and scale.”
</blockquote> 
<blockquote>
 Alex Odagiu, Investment Director at Binance Labs said: “At Binance Labs, we are dedicated to providing evergreen support to the next generation of Web3 innovators building meaningful and sustainable technologies. Through the MVB program, we will equip these early-stage projects, which have the potential to shape the future of blockchain, with the resources, mentorship, and opportunities they need to scale and succeed in the Web3 space.”
</blockquote> 
<blockquote>
 Rush, CEO of CoinMarketCap said: “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.”&nbsp;
</blockquote> 
For projects interested in being part of Season 8 of MVB, please apply <a href="https://forms.monday.com/forms/01d6aa8dc1d71a2a576923866915f563?r=apse2" rel="nofollow noopener" target="_blank">here</a>. Users can follow <a href="https://twitter.com/BNBCHAIN" rel="nofollow noopener" target="_blank">BNB Chain</a>, <a href="https://twitter.com/BinanceLabs" rel="nofollow noopener" target="_blank">Binance Labs</a>, and <a href="https://twitter.com/CoinMarketCap" rel="nofollow noopener" target="_blank">CoinMarketCap</a> on X for the latest news on MVB 8. 
*Being admitted into MVB does not equate to Binance Labs investment. 
About BNB Chain 
<a href="https://www.bnbchain.org/en" rel="nofollow noopener" target="_blank">BNB Chain</a> is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of: 
<ul> 
 <li><a href="https://www.bnbchain.org/en/bnb-smart-chain" rel="nofollow noopener" target="_blank">BNB Smart Chain (BSC)</a>: A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.&nbsp;</li> 
 <li><a href="https://opbnb.bnbchain.org/en" rel="nofollow noopener" target="_blank">opBNB</a>: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.</li> 
 <li><a href="https://greenfield.bnbchain.org/en" rel="nofollow noopener" target="_blank">BNB Greenfield</a>: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.</li> 
</ul> 
Setting a high bar for security, the <a href="https://www.avengerdao.org/" rel="nofollow noopener" target="_blank">AvengerDAO</a> community protects BNB Chain users while <a href="https://dappbay.bnbchain.org/red-alarm/dapp" rel="nofollow noopener" target="_blank">Red Alarm</a> provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its <a href="https://www.bnbchain.org/en/developers/developer-programs" rel="nofollow noopener" target="_blank">Builder Support Program</a>. 
For more, users can follow BNB Chain on <a href="https://twitter.com/BNBCHAIN" rel="nofollow noopener" target="_blank">X</a> or can start exploring via the <a href="https://dappbay.bnbchain.org/" rel="nofollow noopener" target="_blank">Dapp library</a>. 
About Binance Labs 
As the venture capital arm and incubator of Binance, <a href="https://labs.binance.com/en" rel="nofollow noopener" target="_blank">Binance Labs</a> is dedicated to empowering early-stage projects and leading the growth and development of the Web3 ecosystem. Since its founding in 2018, Binance Labs has 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, Binance Labs backs everything from infrastructure to application layers, with a consistent focus 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 the incubation programs. For more information, users can follow Binance Labs on <a href="https://twitter.com/BinanceLabs" rel="nofollow noopener" target="_blank">X</a>.&nbsp; 
About CMC Labs 
<a href="https://coinmarketcap.com/events/cmc-labs/" rel="nofollow noopener" target="_blank">CMC Labs</a> 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. 
<h5>Contact</h5> 
BNB Chain press@bnbchain.org

BNB Chain Opens Applications For Season 8 Most Valuable Builder (MVB) In Partnership With Binance Labs And CMC Labs

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