Binance Labs Backs Four Crypto Startups, BNB Price Jumps 7%

• Binance Labs invests in 4 Web3 startups, boosting BNB price by 7% through MVB Accelerator Program.
• Aggregata, Opinion Labs, SideKick, Vooi secure funding, advancing blockchain innovation.
• BNB Chain Launch-as-a-Service package aids startups, contributing to BNB’s recent price surge.

Binance Labs, and Binance’s venture capital arm, has recently invested in four promising crypto startups, propelling the Binance Coin (BNB) price to rise by 7%.

The investments were made through the Most Valuable Builder (MVB) Accelerator Program, now in its seventh season, which aims to foster innovation within the BNB Chain ecosystem. The announcement follows a rigorous selection process that saw over 700 global applications, with only 13 projects making the final cut.

The MVB Accelerator Program, jointly managed by BNB Chain, Binance Labs, and CMC Labs, supports early-stage Web3 projects. This season, four standout projects, Aggregata, Opinion Labs, SideKick, and Vooi, secured funding from Binance Labs. Each offers unique advancements in blockchain technology.

Aggregata is focused on integrating AI data, models, and computing resources into a unified platform. This approach simplifies access to AI tools for developers and businesses, promoting broader adoption of AI technologies within the blockchain space.

Specializing in opinion and prediction markets, Opinion Labs is setting new benchmarks for capturing and utilizing public sentiment. Their platform offers real-time, continuous updates to prediction markets, providing users with a more responsive tool for gauging market trends.

SideKick acts as a hub for consolidating social interactions and gaming activities. By integrating multiple platforms, SideKick enhances user engagement and fosters a more connected community within the crypto space.

Vooi is a decentralized exchange (DEX) aggregator with cross-chain capabilities, supporting both EVM and non-EVM chains. It allows users to trade across different blockchain networks, thereby enhancing liquidity and trading efficiency.

The MVB Accelerator Program provides more than just financial backing; it offers participants a comprehensive development experience, including access to tailored curriculums, mentorship from industry experts, and networking opportunities. The BNB Chain Launch-as-a-Service package, valued at up to $300,000, further supports these projects with essential infrastructure, security, and marketing.

In August 2024, Binance Labs had already funded 10 crypto projects, contributing to the recent surge in BNB’s price to $589.02. At press time on August 22, its market cap was $84.68 billion.