Overview of 4 projects invested by Binance in the 6th season of MVB Accelerator

Author: Claire McCafferty, Binance

Translation: Felix, LianGuaiNews

Binance Labs announced that it has invested in four projects that performed the best in the 6th season of the MVB (Most Valuable Builder) program on the BNB Chain. The MVB program is an accelerator program dedicated to the development of the BNB Chain ecosystem. The four projects that performed the best are AltLayer, KiloEx, Kinza, and Sleepless AI, covering DeFi, infrastructure, and Web3 games. The MVB accelerator program received over 1,400 applications this season, with 53% of applicants from North America and Europe, and 36% from the Asia-Pacific region. After rigorous selection, these projects accounted for less than 1% of the total number of applications.

The four MVB projects that were selected for investment (in alphabetical order):

AltLayer is an open and decentralized protocol that allows developers to launch application-specific Rollups. The protocol provides a no-code Rollups-as-a-Service dashboard built on top of its core network, Beacon Layer, allowing for the rapid customization of Rollups with fraud/zk proof. In July 2022, AltLayer, an Ethereum scaling project, completed a $7.2 million seed round financing through SAFT (Simple Agreement for Future Tokens) sale, with Polychain Capital, Jump Crypto, and Breyer Capital as lead investors. Other investors in this round include Ethereum co-founder and Polkadot founder Gavin Wood, Balaji Srinivasan, former CTO of Coinbase and former general partner at a16z, Shawn Neville, co-founder of Circle, and Kain Warwick and Jordan Momtazi, co-founders of Synthetix and Bodhi Ventures.

KiloEx is building the next-generation user-friendly decentralized perpetual contract DEX (Decentralized Exchange), focusing on risk management and capital efficiency. Its platform offers a wide range of trading pairs, lightning-fast transaction speed, and an intuitive trading experience, while providing risk-neutral positions for liquidity providers and LP (Liquidity Provider) friendly solutions.

Kinza is a powerful lending protocol built for a reliable DeFi ecosystem, focusing on security, and aims to create the best on-chain money market. Its platform features real yields, utilizing a dynamic interest rate curve to generate actual revenue from protocol and borrower interest, as well as specific collateral risk to maximize the capital efficiency of the protocol while isolating the risk of volatile assets.

Sleepless AI is a virtual companion game based on AI and blockchain, utilizing AIGC (Artificial Intelligence Game Characters) and LLM (Longevity Lock Mechanism) to create a rich story-based gameplay with organic interaction with characters. The project is currently developing three games, with the first game being “HIM,” a virtual boyfriend otome game (Note: Otome games are a genre of romance simulation games targeting a female audience), featuring unique SBT (Secure Blockchain Token) characters that are immutable and based on the blockchain.

Currently, the new season of the Binance Labs incubation program is now open for applications and is recruiting startups in the following fields:

  • Infrastructure: MEV, ZK Proofs, Layer2 Scaling, Modularization
  • Tools and Middleware: Wallets, On-chain Data Analysis, On-chain Search Engines
  • DeFi: Lending, Perpetual Protocols and Derivatives, Investment and Structured Products, Liquidity Mining, RAW
  • Application Layer: AI-driven DApps, Full-chain Web3 Games, High-quality Web3 Studios, SocialFi

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