According to a new announcement, Binance Labs will invest in 7 Web3 projects from the MVB program jointly run by BNB Chain.
Binance Labs will invest in these 7 Web3 projects
Most Valuable Builder (MVB) is an investment program that aims to support joint ventures of Binance Labs and BNB Chain. In a new blog post, Binance announced 7 Web3 projects that it will cover. Here are those projects:
- overreality
- Multichain Event Protocol
- Space ID
- Velvet Capital
- Web3Go
- Meta Apes
- gameta
#Binance Labs will invest in seven selected projects from The Most Valuable Builder (MVB) Accelerator Program co-led by #BNB Chain.
We look forward to seeing these projects develop further & scale on the BNB Chain! 🎉https://t.co/Dnar5oKtQ3
— Binance Labs Fund (@BinanceLabs) October 4, 2022
Let’s take a brief look at altcoin projects
Space ID
Space ID creates decentralized, censorship-proof and open-source universal identifiers. It allows replacing complex addresses with a readable ID for all Web3 interactions. The first version of SPACE ID starts with the .bnb domain name. SPACE ID’s core product is a universal domain that can initiate transactions on any Blockchain.
overreality
Overeality builds infrastructure for Web3 interoperability and scalability. Designs and implements zero-knowledge proof systems at scale for ZkBridge and ZK-aggregation acceleration.
Multichain Event Protocol (MEP)
Multichain Event Protocol is an interoperability communication protocol. We can define multi chain as a secure intercommunication channel built on a cache, authentication service and execution environment.
MEP’s execution environment provides a secure kernel to run subprotocols that are free from problems such as Byzantine error or event corruption. Meanwhile, the decentralized network is built with authorized proof-of-stake (DPoS) and HotStuff as consensus.
Meta Apes
Another project, Meta Apes, is a free-to-play mobile strategy game. By the way, it is the first game released based on BNB Sidechain. It currently has over 400,000 global players. The game takes place in a world where humanity has ended and a new era ruled by apes begins.
Velvet Capital
Velvet Capital helps users automatically invest in tokenized portfolios. Thus making DeFi more stylish and more secure. It also allows users to earn additional returns.
Web3Go
Web3Go is a multi-chain open data analytics platform that supports push notifications for on-chain events. Specifically, it indexes Blockchain data and presents them in a formatted way. So users can translate data into visualizations.
gameta
Finally, Gameta is a platform that allows users to play different casual games under one roof. The team aims to create a seamless Web3 migration process especially for users. Some of its features include:
- It’s a GameFi project built on BNB Chain and has a decent amount of daily active users.
- The platform offers nine casual games and has more than 20 apps in development.
cryptocoin.com As you follow, Binance announced yesterday that it will list GMX (GMX) in the Innovation Zone. After the news, the price of GMX gained more than 30%.
