<p>Korean Web3 gaming studio Ret Games <a href="https://www.ajunews.com/view/20230808173842949" rel="noopener noreferrer nofollow">said</a> Tuesday it has signed a memorandum of understanding (MOU) with Binance, the world’s largest crypto exchange, to support a <a href="https://www.itp.or.kr/intro.asp?tmid&#61;13&amp;seq&#61;7368" rel="noopener noreferrer nofollow">blockchain company acceleration program</a> spearheaded by Incheon Technopark’s Blockchain Center.</p><h2 id="header-0">Bolstering blockchain startups</h2><p>The two firms will team up as a single operator of <a href="https://medium.com/&#64;coinness.gl/incheon-empowers-korean-blockchain-startups-with-binance-and-undefined-labs-as-accelerator-42f02ad9059b" rel="noopener noreferrer nofollow">the accelerator program</a> that will supply Incheon-based startups and small companies with the resources required to grow their blockchain businesses and establish Incheon, a city next to the nation’s capital of Seoul, as a blockchain hub. They will also be joined by a third member of the operator — on-chain risk rating solution developer Undefined Labs.</p><p>“We plan to work with Binance to operate an efficient and innovative acceleration program for Incheon-based startups, fostering their growth and development,” said Kim Sung-yoon, CEO of Ret Games.</p><p>Binance will provide global networking and business consultations in areas such as business modeling and blockchain technology development, while Ret Games will contribute its blockchain infrastructure and development. Additionally, Undefined Labs will provide comprehensive insights into the blockchain industry, covering technology, market trends, and use cases.</p><p>Five companies for the acceleration program were chosen by Incheon Technopark — AO2, Bemuse, enterBlock, Swan Electronics, and Asia Auto Pacific. They will begin receiving support worth 20 million KRW (approximately $15,000) starting this month.</p><p>The operator will be required to monitor the progress of these companies during the course of the program, which will end on November 30.</p><h2 id="header-1">Second operator</h2><p>There will also be another operator for the program besides the consortium, which solely consists of venture capital firm Nanuhm Angels. It will enable participants to test their business models by granting them access to Rotonda’s launchpad. Rotonda is a subsidiary of the Korean crypto exchange Bithumb and operates the Web3 Burrito Wallet.</p>

Ret Games Teams Up with Binance to Support Blockchain Acceleration Program

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