BNB Chain Announces Winners of Second BNB Incubation Alliance Round

Avalon Finance and Bedrock Take the Spotlight

The winners of this round, Avalon Finance and Bedrock, were selected by a distinguished panel of judges from prominent organizations. 

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.

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.

The winners will also gain access to the Launch-as-a-Service (LaaS) package, which includes free services valued up to $300,000.

Support for Blockchain Projects

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:

• 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.

   

• 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.

   

• Additional Support: Projects also receive kickstart assistance, business development resources, 24/6 tech support, and marketing help.

How the BNB Incubation Alliance Works

Winning projects are awarded based on their performance:

• 1st Award: Direct admission to the MVB program, the LaaS package, potential Binance Labs investment opportunities, and BNB Chain grants.

• 2nd Award: Priority consideration for MVB admission, BNB Chain grants, and LaaS package.

• 3rd Award: Priority consideration for MVB admission and LaaS package.