Gala

<ul class="wp-block-list">
 <li>BNB Chain’s MVB Season 8 narrows 500 applicants to 35 finalists across DeFi, Infrastructure, and Application sectors</li>
 <li>Selected projects will undergo four-week training before potential Binance Labs investment</li>
 <li>Program highlights growing focus on AI, meme coins, RWA, and Telegram applications</li>
</ul>
The <a href="https://thenewscrypto.com/?s=BNB" target="_blank" rel="noopener noreferrer nofollow">BNB </a>Chain ecosystem continues its expansion through the Most Valuable Builder (MVB) program, a collaborative initiative between Binance Labs and CMC Labs designed to discover and nurture promising blockchain projects.
From an initial pool of 500 applications, the program has identified 35 standout projects for its eighth season.
<h2 class="wp-block-heading" id="h-bnb-chain-will-choose-the-worthy-participants-nbsp">BNB Chain will choose the worthy participants&nbsp;</h2>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="576" src="https://thenewscrypto.com/wp-content/uploads/2024/10/image-116-1024x576.png" alt="" class="wp-image-112357" srcset="https://thenewscrypto.com/wp-content/uploads/2024/10/image-116-1024x576.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/10/image-116-300x169.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/10/image-116-768x432.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/10/image-116-376x212.png 376w, https://thenewscrypto.com/wp-content/uploads/2024/10/image-116.png 1536w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Source:&nbsp;<a href="https://www.bnbchain.org/en/blog/meet-the-most-valuable-builder-mvb-season-8-cohort" target="_blank" rel="noopener noreferrer nofollow">Bnbchain</a>
 </figcaption>
</figure>
These finalists represent diverse technological innovations across three primary sectors: Application layer solutions, Decentralized Finance (DeFi) protocols, and Infrastructure development.
Season 8 notably features a significant emphasis on artificial intelligence integration, alongside emerging trends in meme token ecosystems, real-world asset tokenization, and Telegram-based applications.
Participating teams will engage in an intensive four-week development program, receiving comprehensive support including technical guidance, mentorship opportunities, and access to an extensive network of industry professionals.
Following this preparation phase, projects will present their innovations to <a href="https://thenewscrypto.com/?s=Binance" target="_blank" rel="noopener noreferrer nofollow">Binance </a>Labs for potential investment consideration.
Gala Wen, serving as Director of Ecosystem Development at BNB Chain, emphasized the program’s enhanced curriculum structure, noting its role in equipping founders with essential resources for Web3 success.
This season’s approach reflects a more selective process compared to Season 7, which evaluated 700 applications but resulted in only five successful investments.
Alex Odagiu, Investment Director at Binance Labs, recently shared insights with BeInCrypto regarding investment criteria, emphasizing the importance of technological innovation, market fit, and sustainable revenue models in today’s competitive landscape.
This strategic focus aligns with Binance Labs’ current investment portfolio, which Cryptorank data shows includes significant allocations to AI (22.22%), restaking protocols (16.7%), and Layer-1 solutions (11.1%), with 47 investment rounds completed this year.

BNB Chain Eyes Investment in 35 Finalists from MVB Season 8 Program

Table of Contents

TheNewsCrypto

Other articles published on Oct 31, 2024

BlackRock’s Bitcoin Trust Achieves Record Inflows

Nexo Unveils Strategic Rebrand as a Premier Digital Assets Wealth Platform (31 Oct)

Changpeng Zhao’s Optimism on Crypto Regulations Ahead of US Presidential Elections

Next Bitcoin ATH: Here's Key Condition for Reaching It – Top Analyst

Major Crypto Firms Rally Behind Beba’s Challenge to SEC Over Lack of Clear Crypto Guidelines

Iran Is Allegedly Going to Launch a Retaliatory Attack on Israel! Here is the Expected Date

Join our free newsletter for daily crypto updates!