BNB Incubation Alliance Showcases Promising Blockchain Projects at Bitcoin 2024 and EthCC

The
BNB
Chain
Incubation
Alliance
(BIA)
has
recently
made
significant
strides
within
the
blockchain
community,
showcasing
the
potential
of
early-stage
projects
at
two
major
events:
EthCC
in
Brussels
and
Bitcoin
2024
in
Nashville,
according
to
the

BNB
Chain
Blog.

How
BIA
Works

The
BNB
Incubation
Alliance
(BIA)
functions
as
an
incubator
aimed
at
expediting
the
growth
of
early-stage
blockchain
projects.
It
operates
through
a
series
of
global
events,
in
collaboration
with
prominent
venture
capitalists,
incubators,
and
developer
communities.
The
alliance
aligns
with
BNB
Chain’s
vision
of
onboarding
the
next
billion
Web3
users
by
providing
crucial
support
to
startups
and
developers.

BIA:
A
Key
Part
of
BNB
Chain’s
Builder
Support
Program

Winners
of
the
BIA
are
granted
entry
into
BNB
Chain’s
Most
Valuable
Builder
(MVB)
program,
where
they
can
receive
potential
grants
and
access
services
worth
up
to
$300,000
through
the
Launch-as-a-Service
(LaaS)
package.
BIA
offers
a
comprehensive
range
of
resources
designed
to
support
project
growth
within
the
ecosystem.
This
includes:

• 
  Ideation
  Phase:
  Hackathons
  and
  MVB
  programs
  to
  nurture
  early-stage
  ideas,
  with
  potential
  grants
  from
  BNB
  Chain
  and
  investments
  from
  Binance
  Labs.
• 
  Post-Deployment
  Phase:
  Incentives
  and
  grants
  based
  on
  key
  performance
  metrics
  such
  as
  daily
  active
  users
  (DAU),
  total
  value
  locked
  (TVL),
  and
  trading
  volumes
  to
  ensure
  sustainable
  growth.
• 
  Additional
  Support:
  Business
  development,
  24/6
  tech
  support,
  and
  marketing
  assistance.

Bitcoin
2024,
Nashville

The
BIA
event
at
Bitcoin
2024
in
Nashville
was
a
significant
gathering
of
blockchain
and
crypto
investment
experts.
The
event
featured
insightful
discussions
on
the
future
of
blockchain
technology
and
the
support
for
early-stage
projects.
Representatives
from
organizations
like
Binance
Labs,
Stanford
Blockchain
Accelerator,
Franklin
Templeton,
and
Polychain
Capital
participated
as
judges.

Highlights

The
expert
panel
discussed
topics
such
as
the
importance
of
exceptional
founders,
sustainable
business
models,
and
Bitcoin
adoption.
Key
points
included
the
need
for
Layer
2
solutions
to
offer
unique
products
and
the
ongoing
interest
in
AI
and
decentralized
infrastructure.

Winners
(Alphabetical
Order):

• 
  
  Avalon
  Finance:
  A
  liquidity
  hub
  for
  BTC
  LSDFi
  and
  CeDeFi
  lending.
• 
  
  Bedrock:
  A
  multi-assets
  restaking
  protocol.

Other
Participating
Projects:

• 
  
  Rivo:
  Self-custodial
  app
  with
  one-click
  access
  to
  DeFi
  yields.
• 
  
  KvantsAI:
  Marketplace
  for
  Omni
  Chain
  AI-driven
  quantitative
  trading
  strategies.
• 
  
  Folks
  Finance:
  Cross-chain
  DeFi
  hub
  platform.
• 
  
  BitRivals:
  Data
  layer
  connecting
  any
  game
  to
  the
  blockchain.
• 
  
  Trips:
  IP
  protection
  for
  the
  new
  data
  economy.
• 
  
  RNDM:
  Decentralized
  AI
  liquidity
  layer
  for
  user
  trading
  intent
  resolution.
• 
  
  The
  Colony:
  Social
  marketplace
  for
  collectors
  and
  resellers.
• 
  
  Moso:
  Blockchain-powered
  referral
  and
  rewards
  programs
  for
  brands.
• 
  
  ZKT
  Network:
  Web3
  compliance
  with
  Layer
  2
  ecosystem
  innovation.
• 
  
  Catalog:
  Fastest
  Bitcoin-centric
  interoperability
  protocol.
• 
  
  iAgent:
  DePIN
  decentralized
  computing
  for
  training
  AI
  agents
  from
  gameplay
  footage.
• 
  
  DePHY:
  Framework
  for
  launching
  DePin
  applications.
• 
  
  GoldLink:
  Institutional-grade
  prime
  brokerage
  on-chain.

EthCC,
Brussels

The
BIA
also
had
a
successful
event
at
EthCC
in
Brussels
in
July,
supported
by
sponsors
Alchemy
and
Open
Ledger.
The
purpose
was
to
accelerate
the
growth
of
promising
early-stage
blockchain
projects.
Representatives
from
Binance
Labs,
Bitkraft,
Zero
Knowledge
Ventures,
and
Outlier
Ventures
participated
as
judges.

Highlights

The
event
featured
keynote
addresses
and
project
presentations,
showcasing
cutting-edge
developments
in
blockchain
technology.

Winners
(Alphabetical
Order):

1. 
   
   Balloon
   Dogs:
   The
   first
   DeFi
   Abstraction
   Layer.
2. 
   
   Blackwing:
   Liquidation-free
   margin
   on
   meme
   coins.
3. 
   
   Payman:
   Making
   it
   easy
   for
   AIs
   to
   pay
   humans.

Other
Participating
Projects:

• 
  
  Skate
  Chain:
  A
  unified
  liquidity
  layer
  engine.
• 
  
  Bandoo:
  Payment
  gateway
  for
  LATAM.
• 
  
  uDex:
  Decentralized
  platform
  for
  spot
  and
  leverage
  cryptocurrency
  trading.
• 
  
  OpenSocial:
  Protocol
  for
  next-gen
  social
  apps
  and
  SocialFi
  ecosystems,
  supporting
  multichain.
• 
  
  Alaya
  AI:
  Provides
  real-time
  reporting
  and
  analytics
  for
  businesses
  to
  track
  progress,
  adapt
  strategies,
  and
  make
  informed
  decisions.
• 
  
  ADOT
  Network:
  Decentralized
  AI
  search
  tool
  for
  Web3
  discovery.
• 
  
  Arkis
  Finance:
  Offers
  capital-efficient
  undercollateralized
  leverage
  for
  DeFi
  financial
  institutions
  and
  traders.
• 
  
  ION
  Protocol:
  Open
  source
  protocol
  supporting
  Ethereum
  stakers
  and
  restakers,
  unlocking
  new
  applications
  for
  their
  assets.
• 
  
  Absinthe:
  Instant
  launch
  of
  points
  programs
  with
  no
  code
  required.
• 
  
  Bloom:
  Leading
  wallet
  for
  the
  IOTA
  and
  Shimmer
  ecosystem,
  managing
  crypto,
  DeFi,
  and
  NFTs.
• 
  
  PurerAir:
  Addresses
  global
  air
  pollution
  with
  a
  decentralized
  network
  of
  real-time
  air
  quality
  data
  through
  wearable
  sensors,
  using
  blockchain
  and
  AI
  for
  reliable
  data
  management
  and
  rewarding
  contributors
  with
  tokens.
• 
  
  OpenLayer:
  Modular
  data
  layer
  for
  data
  interoperability,
  supporting
  both
  web2
  and
  web3
  companies.
  Leading
  AVS
  on
  EigenLayer
  mainnet
  with
  over
  40
  operators
  and
  $5B
  in
  restaked
  assets.
  Backed
  by
  a16z
  CSX,
  Geometry
  Ventures,
  and
  others.
• 
  PLUR:
  Social
  finance
  layer
  to
  rechannel
  liquidity
  and
  attention
  for
  the
  greater
  good,
  aiming
  to
  bring
  crypto
  to
  1
  billion
  people.
• 
  
  Lookonchain:
  Uses
  advanced
  natural
  language
  processing
  (NLP)
  to
  translate
  complex
  blockchain
  data
  into
  human-readable
  insights.
• 
  
  Moelive:
  Live
  streaming
  app
  that
  makes
  users
  super
  cute
  using
  AI.
• 
  
  AAA
  (All
  Access
  Anonymous):
  Revolutionizes
  the
  live
  experience
  economy
  by
  bringing
  music,
  entertainment,
  and
  cultural
  experiences
  onchain.
• 
  
  Holonym:
  Privacy-preserving
  identity
  protocol
  using
  zero
  knowledge
  proofs
  to
  verify
  user
  facts
  without
  revealing
  their
  full
  identity.
• 
  
  YieldNest:
  LRT
  allowing
  users
  to
  restake
  in
  selected
  AVS
  category
  baskets
  like
  DeFi,
  AI,
  oracles,
  and
  bridges.
• 
  
  Kasu
  Finance:
  Optimizes
  businesses’
  cash
  flows
  for
  RWA
  lending
  to
  improve
  credit
  risk
  and
  deliver
  superior
  risk
  management
  with
  higher
  yields.
• 
  Mira:
  AI
  infrastructure
  solution
  making
  AI
  development
  streamlined
  and
  developer-friendly.

Looking
Ahead

BNB
Chain’s
vision
extends
beyond
providing
support;
it
aims
to
help
startups
and
developers
achieve
real
business
success
and
transition
into
mainstream
adoption.
Through
initiatives
like
the
BNB
Incubation
Alliance,
BNB
Chain
continues
to
empower
startups
and
developers
to
make
meaningful
contributions
to
the
Web3
ecosystem.

The
events
at
Bitcoin
2024
and
EthCC
underscored
the
potential
of
early-stage
projects
and
highlighted
BNB
Chain’s
robust
support
ecosystem.
Stay
tuned
for
more
updates
and
opportunities
from
BNB
Chain
as
they
continue
to
foster
the
next
generation
of
blockchain
innovation.

Image
source:
Shutterstock