The post Binance Labs Invests In 4 Major Crypto Startups, BNB Price Up 7% appeared on BitcoinEthereumNews.com.

Binance Labs, the venture capital and innovation incubation arm of Binance, has announced its investment in four major crypto startups. These involve the winners in the latest round of the Most Valuable Builder (MVB) Accelerator Program. The Binance Coin (BNB) price continued surging after the latest announcement. For context, the MVB program, now in its seventh season, is a joint initiative spearheaded by BNB Chain, Binance Labs, and CMC Labs. It aims at boosting innovation and support early-stage Web3 projects within the BNB Chain ecosystem. Latest Investment By Binance Labs This season, the MVB program attracted over 700 applications from around the globe, with only 13 projects making the final cut, underscoring the program’s competitive nature. Of these 13, four standout projects have secured funding from Binance Labs. According to the latest BNB Chain announcement, the four startups are Aggregata, Opinion Labs, SideKick, and Vooi. Each of these projects is pushing the boundaries of blockchain technology in unique ways. Hence, here’s a short summary on each project: 1. Aggregata: This platform aims to integrate AI data, models, and computing resources into a single, unified ecosystem. Binance Labs-backed Aggregata’s approach simplifies access to AI tools for developers and businesses. Moreover, it promotes broader adoption of AI technologies in the blockchain space. 2. Opinion Labs: It specializes in the creation of opinion and prediction markets. Furthermore, Opinion Labs is setting new standards for how public sentiment and market predictions are captured and utilized. Additionally, their platform enables real-time, continuous updates to prediction markets. This offers users a more responsive and accurate tool for gauging market trends. 3. SideKick: The third startup backed by Binance Labs serves as a consolidation hub for social interactions and gaming. SideKick is designed to enhance user engagement by integrating multiple platforms into a seamless experience. This approach…

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Filed under: News - @ August 23, 2024 12:23 am