Binance Chain has secured a $10 million investment in cloud service credits from Google Cloud to bolster the development of projects within its Most Valuable Builder (MVB) Program. This collaboration will accelerate the progress of over 40 projects by providing resources necessary for growth in key technology areas like artificial intelligence (AI) and cloud computing.
Binance Chain Secures $10M Google Cloud Credits to Boost MVB Program Projects
In a recent announcement, Binance Chain revealed its partnership with Google Cloud’s Web3 Startups Program, to advance blockchain development within its ecosystem. Through this alliance, Binance Chain will gain access to $10 million in cloud service credits. This will be dedicated to supporting over 40 projects participating in its MVB Program.
More so, the investment will allow emerging projects to leverage Google Cloud’s AI and cloud computing resources.
The MVB Program has grown into a vital accelerator for blockchain-focused projects. This new funding provides additional opportunities for project teams to scale their operations and enhance their offerings. Each MVB project can apply for up to $350,000 in Google Cloud credits, with additional support available based on project needs and technological focus.
Google Cloud’s Web3 Startups Program
Google Cloud’s Web3 Startups Program offers Binance Chain a unique advantage through cloud credits and development support. Under this program, AI-focused Web3 projects within BNB Chain’s MVB ecosystem may receive up to $350,000 in cloud credits over two years, while non-AI-related projects can access up to $200,000. This approach allows participating projects to focus on AI innovation while receiving specialized resources.
The MVB Program, now in its eighth season, aims to cultivate high-potential Web3 applications for long-term success. The partnership with Google Cloud will bridge blockchain with cutting-edge cloud technologies.
Additionally, the MVB Program plays a role in supporting developers and founders who are building decentralized applications. Designed as a four-week intensive program, MVB connects project teams with Binance Labs and CMC Labs. This will offer comprehensive guidance on development and scaling strategies. The program’s eighth season features over 40 projects focusing on DeFi, the Metaverse, NFTs, and gaming.
The addition of Google Cloud credits will increase the viability of projects within the program by providing tools essential for growth.
Notably, the Binance Chain ecosystem has become a hub for decentralized applications, boasting over 4,000 dApps across various sectors. This includes DeFi protocols, Metaverse experiences, NFT marketplaces, and blockchain games, all driven by an active community. The infrastructure provided by Binance Chain will support a large user base that fuels liquidity for these applications.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
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