BNB Chain to boost European Web3 startups with DApp incubator program

Published at: Oct. 10, 2022

BNB Chain, the blockchain of the Binance crypto exchange and Binance Coin (BNB), launched its latest development-focused initiative, which targets European developers to build and scale decentralized applications (DApps) on the network. 

The three-week virtual “innovation incubator” program focuses on Web3 startups with at least one key member based in the European Union (EU). Those accepted into the program receive mentorship from industry experts and BNB Chain specialists on tokenomics design and Web3 marketing strategies.

The incubator will host exclusive meet-ups in cities across the continent, such as Lisbon, Paris, Berlin, Barcelona, Warsaw and London.

According to Zoe Wei, the senior business director at BNB Chain, the network is looking to support European Web3 startups that consider both accessibility and scalability to push for greater adoption.

“Our objective is to guide European builders in making early commitments to these fundamentals in order to grow large user bases in the long term."

There are at least 17 organizations with a regional presence participating in the incubator to support the builders. Among those is Jump Crypto, which claims that sharing knowledge within the community will support the next generation of DApps. 

A Jump Crypto spokesperson said: 

“Crypto is a community, and we believe that knowledge sharing and collaboration fosters a stronger, more resilient, and more advanced crypto ecosystem overall."

Participants also get on-chain incentives such as a one-month 100% gas fee incentive and a “strong referral” to BNB Chain's already existent Most Valuable Builder (MVB) program.

Developers can apply from Oct. 10 to Oct. 23, with the three-week incubation period from Nov. 21 to Dec. 15.

Related: Bear market no issue for Binance Labs’ DeFi incubation program

The European incubator is BNB Chain’s latest initiative for developer support and Web3 education. Recently, the network announced a major collaboration with Google Cloud to give participants in the ecosystem access to Google Cloud service to help with on-chain development.

BNB Chain also partnered with a Latin American educational platform in August to develop a Web3 and blockchain course for thousands of students in the region.

This latest announcement comes after the network suffered from a multi-million dollar cross-chain exploit on Oct. 6.

The network briefly suspended all deposits and withdrawals on the network until validators confirmed their statuses and was back online in a matter of hours.

Tags
Adoption
Blockchain
Defi
Binance
Developers
Web3
Europe
Startups
Dapp
Incubator
Related Posts
Web3 innovations are replacing middlemen with middleware protocols
Cryptocurrencies and the wider blockchain ecosystem are helping change the status quo of how we conduct our day-to-day lives. With these emerging technologies, Web3 is being ushered in as a permissionless and open innovation using middleware blockchain protocols. By doing so, they’re replacing middlemen software-as-a-service (SaaS) companies by capturing value at a greater level. Middleware protocols are by no means new. After all, Web2 is supported by middleware applications, the main one being HTTP. Middleware is what enables users to interact with each other and with applications in a computing environment. And with Web3, there are a variety of protocols …
Decentralization / Jan. 29, 2022
Web3 developer growth hits an all-time high as ecosystem matures
“Web3” may be one of the biggest buzzwords of 2022, but the idea of creating an entirely decentralized platform to host decentralized applications has long been a vision of the crypto community. While it’s notable that some blockchain companies began building out Web3 applications four or five years ago, the Web3 space has only started gaining traction recently. The recent growth of Web3 was highlighted in a new report from Electric Capital, a venture capital firm that has been investing in Web3 companies since 2018. The “Electric Capital 2021 Developer Report” analyzed data from nearly 500,000 code repositories and 160 …
Decentralization / Feb. 3, 2022
Bear market no issue for Binance Labs’ DeFi incubation program
Binance Labs, the venture capital and incubation arm of the Binance cryptocurrency exchange, continues its business as usual despite the ongoing bear market. The VC firm is preparing to launch the fifth round of the Most Valuable Builder (MVB) accelerator program, the incubation program designed to support new projects focused on decentralized finance (DeFi) and Web3. Organized in cooperation with BNB Chain, the program looks to provide dedicated support to developers building decentralized apps on the BNB Chain blockchain network by providing incubation and investment. The MVB program was originally launched in May 2021, with the mission to help BNB …
Adoption / June 17, 2022
Banks still show interest in digital assets and DeFi amid market chaos
The cryptocurrency sector is the Wild Wild West in comparison to traditional finance, yet a number of banks are showing interest in digital assets and decentralized finance (DeFi). This year in particular has been notable for banks exploring digital assets. Most recently, JPMorgan demonstrated how DeFi can be used to improve cross-border transactions. This came shortly after BNY Mellon — America’s oldest bank — announced the launch of its Digital Asset Custody Platform, which allows select institutional clients to hold and transfer Bitcoin (BTC) and Ether (ETH). The Clearing House, a United States banking association and payments company, stated on …
Decentralization / Nov. 18, 2022
Binance Charity to provide over 30K Web3 scholarships in 2023
The philanthropic arm of Binance — Binance Charity — is set to fund 30,655 scholarships to students keen on forging out a career in Web3 in 2023. The Binance Charity Scholar Program (BCSP) will provide free Web3 education and training courses which will enable tech-savvy students to upskill without having to leap-frog any unnecessary financial barriers, Binance Charity explained, in a January 20 blog post: “We recognize that digital education and skills development can be out of reach for many, resulting in a blockchain industry that lacks diversity and talent. The Binance Scholar Program changes all that, covering the costs …
Adoption / Jan. 22, 2023