Dubai, UAE, July 31st, 2024, Chainwire

BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, has announced the winners from the second round of BNB Incubation Alliance (BIA) held during Bitcoin 2024 in Nashville. With multiple benefits for winners including access to free services worth up to US$300,000, BIA is part of BNB Chain’s ongoing efforts to support and accelerate the growth of blockchain projects on BNB Chain, aligning with its mission to onboard the next billion Web3 users.

The BIA Nashville event showcased innovative projects from some of the brightest minds in the blockchain industry. The event was highly engaging, drawing a crowd of around 200 attendees eager to explore the latest advancements in the field. They had the chance to watch the presentations from 14 projects and gain insights during the 2 panel sessions. Joined by 12 judges, representing leading 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, the following winners were selected, listed in alphabetical order:

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

These winning projects will be fast-tracked into BNB Chain’s highly selective Most Valuable Builder (MVB) program and gain access to the Launch-as-a-Service (LaaS) package. BIA provides unparalleled resources essential for project growth within the ecosystem and adds to BNB Chain’s extensive builder support program which includes:

• For projects in the ideation phase: Hackathons, BNB Incubation Alliance (BIA), and Most Valuable Builder (MVB) to nurture early-stage ideas and allow winners to receive potential grants from BNB Chain and investment from Binance Labs.
• For projects in the post-deployment phase: Providing incentives and grants for daily active users (DAU), total value locked (TVL), trading volumes, and other key performance metrics to ensure sustainable growth and success. 
• Additional Support: Kickstart, business development, 24/6 tech support, marketing support.

BNB Chain’s vision goes beyond support—it aims to help startups and developers achieve real business success and ultimately 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.

For more information, users can visit here. 

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 some of 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, users can follow BNB Chain on X or start exploring via BNB's Dapp library.

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