By investing in the blockchain network’s accelerator program, Google Cloud will provide support to the BNB Chain ecosystem
BNB Chain announced on November 12 that the Most Valuable Builder (MVB) program, a four-week accelerator for developers, founders, and builders, will receive $10 million from Google Cloud’s web3 Startups Program. The program is currently in its eighth season.
MVB’s objective is to expedite the expansion of decentralized applications on the BNB Chain, as indicated by the BNB Chain announcement.
The program is administered in conjunction with Binance Labs, the venture capital and incubator branch of Binance, and CMC Labs, the accelerator of CoinMarketCap.
Over the course of the next two years, the web3 Startups Program will offer assistance to up to 40 initiatives in conjunction with Google Cloud.
Cloud credits will be provided to eligible projects. Projects that are focused on artificial intelligence are eligible for up to $350,000 in Google Cloud credits, while projects that are focused on web3 will receive $200,000.
Google Cloud’s investment in BNB Chain coincides with the growing collaboration among the blockchain community in the fields of AI, gaming, and web3. MANTRA Chain, Flare, and Sui are among the platforms and crypto initiatives that have recently incorporated Google Cloud’s infrastructure.
The Cronos (CRO) token experienced a significant increase in value earlier this month as a result of a new partnership with Google Cloud. Similar partnerships exist throughout the ecosystem, and this collaboration is a reflection of them.
In particular, Cronos Labs disclosed that the strategic alliance will bolster developer collaboration, provide support to entrepreneurs, and include Google Cloud as a validator.
These endeavors are designed to fortify the decentralized applications ecosystem, with a particular emphasis on decentralized finance, metaverse, blockchain-based gaming, and digital collectibles, including non-fungible tokens..