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 14, 2024

Crypto Trading Platform ezBtc Allegedly Diverted $9.5M Customer Funds to Gambling Sites

Ronin Network Halts Operations After Whitehat Suspected $11.3M Exploit

Unstoppable Domains Partners with Farmsent to Empower Global Farmers

Top 3 Cryptocurrencies You Must Have In Your Portfolio In 2024

Elon Musk’s Interest in Cardano Sparks Price Speculation

Nasdaq and BlackRock Propose Options for Spot Ethereum ETF: SEC Decision Expected by April 2025

Join our free newsletter for daily crypto updates!