{"id":22791,"date":"2024-06-13T23:15:51","date_gmt":"2024-06-13T20:15:51","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22791"},"modified":"2024-06-13T22:23:51","modified_gmt":"2024-06-13T19:23:51","slug":"bnb-chain-offers-grants-and-support-web3","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bnb-chain-offers-grants-and-support-web3\/","title":{"rendered":"BNB Chain Offers Grants and Support to Web3 Projects"},"content":{"rendered":"<p>To support early <a href=\"https:\/\/hbr.org\/2022\/05\/what-is-web3\">Web3<\/a> initiatives, <strong>BNB Chain<\/strong> (a decentralized blockchain ecosystem focused on providing a robust infrastructure for the Web3 economy) established a partnership with Binance&#8217;s venture arm.<\/p>\n<p>The <a href=\"https:\/\/coinengineer.net\/blog\/ton-blockchain-surpasses-ethereum-in-activities\/\">blockchain<\/a> network debuted a new initiative developed with Binance Labs on June 13 to assist fledgling blockchain initiatives. According to <strong>BNB Chain<\/strong>, its new BNA for builders, entrepreneurs, and developers will let projects join the 10-week accelerator of the network.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bnb-chain-offers-grants-and-support-web3\/#BNB_Chains_Comprehensive_Support_for_Web3_Projects\" title=\"BNB Chain&#8217;s Comprehensive Support for Web3 Projects\">BNB Chain&#8217;s Comprehensive Support for Web3 Projects<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bnb-chain-offers-grants-and-support-web3\/#Global_Events_to_Foster_Development\" title=\"Global Events to Foster Development\">Global Events to Foster Development<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/bnb-chain-offers-grants-and-support-web3\/#Market_Reactions_and_BNB_Token_Performance\" title=\"Market Reactions and BNB Token Performance\">Market Reactions and BNB Token Performance<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"BNB_Chains_Comprehensive_Support_for_Web3_Projects\"><\/span>BNB Chain&#8217;s Comprehensive Support for Web3 Projects<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Furthermore, available to incubation alliance members are grants from <strong>BNB Chain<\/strong> and funding from Binance Labs. They also have access to the launch-as-a-service program of <strong>BNB Chain<\/strong>, which offers $300,000 in free services covering several project facets, including security and infrastructure.<\/p>\n<p>BNA Chain claims that BIA participants will be selected via international events. Said to be working with venture capitalists, incubators, and developer communities, the blockchain network would host events all over.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Events_to_Foster_Development\"><\/span>Global Events to Foster Development<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Through these activities, the blockchain network will find initiatives to foster development. The events will center on <em>&#8220;early-stage blockchain ventures in the incubation stage, pre- or post-product launch,&#8221;<\/em> <strong>BNB Chain<\/strong> underlined.<\/p>\n<p>The program&#8217;s winners will be judged by a panel including representatives from the partners and co-organizers of the company and will be presented with rewards.<\/p>\n<p><span style=\"color: #0000ff;\"><em>This Might Interest You: <a style=\"color: #0000ff;\" href=\"https:\/\/coinengineer.net\/blog\/bollinger-bitcoin-consodilation-and-future\/\">Bollinger: Bitcoin\u2019s Consolidation and Future Moves<\/a><\/em><\/span><\/p>\n<p>The <strong>BNB Chain<\/strong> Core Development Team stated the alliance will provide developing talent with the tools, knowledge, and network required for success. Head Yi He of Binance Labs stated that, in the meantime, the incubator partnership confirms the company&#8217;s dedication to helping blockchain talent.<\/p>\n<p>The first BIA iteration will take place in Brussels, Belgium, at the Ethereum Community Conference event.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_Reactions_and_BNB_Token_Performance\"><\/span>Market Reactions and BNB Token Performance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The launch of the incubation partnership coincides with a recent price increase in the native token of <strong>BNB Chain<\/strong>. On June 6, BNB topped all previous highs at $717.48, per crypto tracker CoinGecko. Still, the price corrected and dropped to $601 on June 12. BNB pricing right now is $608.15.<\/p>\n<p>Recent increases by BNB exceeded the performance of the larger crypto market. BNB gained 19% in the first six days of June; the market just experienced a 4.2% increase.<\/p>\n<p>Notwithstanding this, traders questioned the viability of the surge and sought signals to confirm the positive momentum of the coin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To support early Web3 initiatives, BNB Chain (a decentralized blockchain ecosystem focused on providing a robust infrastructure for the Web3 economy) established a partnership with Binance&#8217;s venture arm. The blockchain network debuted a new initiative developed with Binance Labs on June 13 to assist fledgling blockchain initiatives. According to BNB Chain, its new BNA for<\/p>\n","protected":false},"author":6,"featured_media":22792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1543,1934,85],"class_list":["post-22791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance-labs","tag-bnb-chain","tag-web3"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BNB Chain Offers Grants and Support to Web3 Projects - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bnb-chain-offers-grants-and-support-web3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB Chain Offers Grants and Support to Web3 Projects - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"To support early Web3 initiatives, BNB Chain (a decentralized blockchain ecosystem focused on providing a robust infrastructure for the Web3 economy) established a partnership with Binance&#8217;s venture arm. 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