BNB Incubation Alliance Presents Promising Blockchain Projects at Bitcoin 2024 and EthCC

The BNB Chain Incubation Alliance (BIA) has recently made significant strides within the blockchain community, showcasing the potential of early-stage projects at two major events: EthCC in Brussels and Bitcoin 2024 in Nashville, according to the BNB Chain Blog.

How BIA works

The BNB Incubation Alliance (BIA) functions as an incubator aimed at accelerating the growth of early-stage blockchain projects. It operates through a series of global events, in collaboration with leading venture capitalists, incubators, and developer communities. The alliance aligns with BNB Chain’s vision of onboarding the next billion Web3 users by providing crucial support to startups and developers.

BIA: a key element of the BNB chain builder support program

BIA winners receive entry into BNB Chain’s Most Valuable Builder (MVB) program, where they can receive potential grants and access services worth up to $300,000 through the Launch-as-a-Service (LaaS) package. The BIA offers a comprehensive suite of resources designed to support the growth of projects within the ecosystem. This includes:

• Ideation phase:MVB hackathons and programs to nurture early-stage ideas, with potential grants from BNB Chain and investments from Binance Labs.
• Post-deployment phase:Incentives and grants based on key performance indicators such as daily active users (DAU), total value locked (TVL) and transaction volumes to ensure sustainable growth.
• Additional assistance: Business development, 24/7 technical support and marketing assistance.

Bitcoin 2024, Nashville

The BIA event at Bitcoin 2024 in Nashville was a major gathering of blockchain and cryptocurrency investment experts. The event featured in-depth discussions on the future of blockchain technology and support for early-stage projects. Representatives from organizations such as Binance Labs, Stanford Blockchain Accelerator, Franklin Templeton, and Polychain Capital participated as judges.

Highlights

The panel of experts discussed topics such as the importance of exceptional founders, sustainable business models, and Bitcoin adoption. Key points included the need for layer 2 solutions to deliver unique products and the continued interest in AI and decentralized infrastructure.

Winners (alphabetical order):

• Avalon Finance:A liquidity hub for LSDFi and CeDeFi BTC loans.
• Base:A multi-asset re-staking protocol.

Other participating projects:

• Rivo:Self-custodial app with one-click access to DeFi yields.
• KvantsAI:Omni Chain AI-driven quantitative trading strategies market.
• Popular Finances:Cross-chain DeFi hub platform.
• BitRivals:Data layer connecting any game to the blockchain.
• Travels:Intellectual Property Protection for the New Data Economy.
• RNDM:Decentralized AI liquidity layer for resolving user trading intentions.
• The colony:Social marketplace for collectors and resellers.
• Moso:Blockchain-based referral and rewards programs for brands.
• ZKT Network:Web3 compliance with Layer 2 ecosystem innovation.
• Catalog:The fastest Bitcoin-centric interoperability protocol.
• iAgent:DePIN is a decentralized computation for training AI agents from game sequences.
• DePHY:DePin Application Launch Framework.
• Golden Link: Institutional-grade, premium on-chain brokerage.

EthCC, Brussels

The BIA also successfully hosted an event at EthCC in Brussels in July, supported by sponsors Alchemy and Open Ledger. The goal was to accelerate the growth of promising early-stage blockchain projects. Representatives from Binance Labs, Bitkraft, Zero Knowledge Ventures, and Outlier Ventures participated as judges.

Highlights

The event included keynote speeches and project presentations, showcasing cutting-edge developments in blockchain technology.

Winners (alphabetical order):

1. Balloon dogs:The first layer of DeFi abstraction.
2. Black wing:Margin without liquidation on the same parts.
3. Payman:Make it easy for AI to pay humans.

Other participating projects:

• Skate chain:A unified liquidity layer engine.
• Bandou:Payment gateway for LATAM.
• uDex:Decentralized platform for spot and leveraged cryptocurrency trading.
• OpenSocial:Protocol for next-generation social applications and SocialFi ecosystems, supporting multichain.
• Alaya AI:Provides real-time reporting and analytics enabling businesses to track progress, adapt strategies and make informed decisions.
• ADOT Network:Decentralized AI search tool for Web3 discovery.
• Arkis Finance: Provides capital-efficient, under-collateralized leverage for financial institutions and DeFi traders.
• ION Protocol:Open source protocol supporting Ethereum stakers and restakers, unlocking new applications for their assets.
• Absinthe:Instantly launch stitch programs with no coding required.
• Bloom:Leading wallet for the IOTA and Shimmer ecosystem, managing crypto, DeFi and NFTs.
• PurerAir:Launches the fight against global air pollution with a decentralized network of real-time air quality data via wearable sensors, using blockchain and AI for reliable data management, and rewarding contributors with tokens.
• Open layer: Modular data layer for data interoperability, supporting Web2 and Web3 businesses. Leading AVS on the EigenLayer mainnet with 40+ operators and $5B in redistributed assets. Backed by a16z CSX, Geometry Ventures and others.
• Plural:Social finance layer to refocus liquidity and attention towards the greater good, aiming to bring crypto to 1 billion people.
• Watch on the channel:Uses advanced natural language processing (NLP) to translate complex blockchain data into human-readable information.
• Moelive:Live streaming app that makes users look super cute using AI.
• AAA (Anonymous Access to All): Revolutionizing the live experience economy by bringing music, entertainment and cultural experiences to the channel.
• Holonym:Privacy-preserving identity protocol using zero-knowledge proofs to verify users’ facts without revealing their full identity.
• YieldNest:LRT allowing users to re-stake in selected AVS category baskets like DeFi, AI, oracles and bridges.
• Kasu Finances:Optimizes corporate cash flows for RWA loans to improve credit risk and deliver superior risk management with higher returns.
• Look: AI infrastructure solution making AI development streamlined and developer-friendly.

Looking to the future

BNB Chain’s vision goes beyond nurturing; it aims to help startups and developers achieve commercial success and move toward mainstream adoption. Through initiatives like the BNB Incubation Alliance, BNB Chain continues to enable startups and developers to make meaningful contributions to the Web3 ecosystem.

The Bitcoin 2024 and EthCC events highlighted the potential of early-stage projects and highlighted BNB Chain’s strong supporting ecosystem. Stay tuned for more updates and opportunities from BNB Chain as they continue to foster the next generation of blockchain innovation.

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