Google Cloud will invest in the blockchain network’s accelerator program in order to help the BNB Chain ecosystem.
BNB Chain said on November 12 that the Most Valuable Builder (MVB) program, which is currently in its ninth season and is a four-week accelerator for developers, founders, and builders, will receive $10 million from Google Cloud’s Web3 Startups Program.
The BNB Chain release states that MVB wants to hasten the development of decentralized applications on the BNB Chain.
The initiative is operated with CoinMarketCap’s accelerator, CMC Labs, and Binance Labs, the company’s venture capital and incubator division.
Over the next two years, up to 40 initiatives will receive funding through the web3 Startups Program thanks to the partnership with Google Cloud.
Support for qualified projects will take the form of cloud credits; initiatives centered around web3 will receive $200,000, while those centered around artificial intelligence will be eligible for up to $350,000 in Google Cloud credits.
Google Cloud’s investment in BNB Chain coincides with growing cooperation in the blockchain area between web3, AI, and gaming.
MANTRA Chain, Flare, and Sui are among the platforms and cryptocurrency initiatives recently integrating Google Cloud’s infrastructure. A new relationship with Google Cloud caused the Cronos (CRO) token to rise earlier this month.
Similar collaborations throughout the ecosystem are reflected in this one. In particular, Cronos Labs disclosed that the strategic partnership will promote startups, increase developer cooperation, and include Google Cloud as a validator.
Particularly in fields like decentralized finance, the metaverse, blockchain-based games, and digital collectibles like non-fungible tokens, these initiatives seek to fortify the ecosystem of decentralized apps.
