Google Cloud will support the BNB Chain ecosystem by investing in the blockchain network’s accelerator program.
BNB Chain announced on November 12 that Google Cloud’s web3 Startups Program will inject $10 million into BNB Chain’s Most Valuable Builder (MVB) program, a four-week accelerator for developers, founders and builders now in its eighth season. sit.
According to BNB Chain’s announcement, MVB aims to accelerate the growth of decentralized applications on the BNB Chain. The program will be run alongside Binance’s venture capital and incubator arm, Binance Labs, and CoinMarketCap’s accelerator, CMC Labs.
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The partnership with Google Cloud will support up to 40 projects over the next two years through the web3 Startups Program.
Qualifying projects will receive support in the form of cloud credits, with AI-focused projects eligible for up to $350,000 in Google Cloud credits, while Web3-focused projects will receive $200,000.
Google Cloud’s investment in BNB Chain comes as the blockchain space sees increasing collaboration in AI, gaming and web3. Platforms and crypto projects that recently integrated Google Cloud infrastructure include MANTRA Chain, Flare, and Sui.
Earlier this month, the Cronos (CRO) token soared during a new partnership with Google Cloud. This collaboration mirrors similar partnerships across the ecosystem. Specifically, Cronos Labs revealed that the strategic alliance will add Google Cloud as a validator, boost developer collaboration and provide support to startups.
These efforts are aimed at strengthening the ecosystem of decentralized applications, especially in areas such as decentralized finance, metaverse, blockchain-based gaming and digital collectibles, including non-fungible tokens.
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