BNB Drops 6.313% as BNB Chain Launches MVB Accelerator Season 9

BNB's latest price was $555.79, down 6.313% in the last 24 hours. BNB Chain, a community-driven blockchain ecosystem, has announced the 16 early-stage projects selected for season 9 of the Most Valuable Builder (MVB) Accelerator Program. The 4-week accelerator program is jointly run by BNB Chain, YZi Labs, and CMC Labs. The program aims to provide early-stage Web3 builders with the resources and support needed to thrive within the BNB Chain ecosystem, aligning with BNB Chain’s mission of onboarding the next billion Web3 users. Season 9 will officially kick off on the 5th of April with a 2-day offline event in Hong Kong to coincide with the Hong Kong Web3 Festival and BNB Super Meetup, offering participants the chance to connect with peers, mentors, and guest speakers. Throughout the program, founders and core team members from each project will have access to a curriculum covering key topics to address early-stage Web3 project needs, such as tokenomics design, fundraising strategies, building teams, and talent. The season will conclude with a YZi Labs investment based on Demo Day pitches and project performance throughout MVB. On April 24, participants can tune in from anywhere in the world to watch the Demo Day from promising companies in the Web3 space as they showcase their innovative projects. 48 projects were incubated in last year’s MVB program (season 7 & 8). MVB continues to be a highly competitive program, with Season 9 receiving over 500 applicants. A selective process admitted 16 MVB Season 9 Accelerator teams, listed alphabetically by sector. The selected projects include AI, DeFi, DePin, DeSci, Gaming and Entertainment, and Infra sectors. Sarah S, Head of Business Development at BNB Chain, expressed pleasure in continuing the collaboration with YZi Labs and CMC Labs for another season of MVB, supporting a new cohort of talented Web3 builders. Alex Odagiu, Investment Director, YZi Labs, stated that YZi Labs remains committed to supporting visionary founders who are building the future at the intersection of technology and impact. Rush, CEO of CoinMarketCap, expressed excitement in continuing the partnership with BNB Chain and YZi Labs for Season 9 of the MVB Accelerator Program. At the end of the 4-week accelerator, the 16 project teams will showcase and pitch their projects to investors at Demo Day. YZi Labs will make an investment decision on selected top-performing project teams. Users can follow YZi Labs, BNB Chain, and CoinMarketCap on X for the latest news on MVB 9. BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of BNB Smart Chain (BSC), opBNB, and BNB Greenfield. Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program. YZi Labs manages over $10 billion in assets globally. Their investment philosophy emphasizes impact first— they believe that meaningful returns will naturally follow. They invest in ventures at every stage, prioritizing those with solid fundamentals in Web3, AI, and biotech. YZi Labs’ portfolio covers over 250 projects from over 25 countries across six continents. More than 65 of YZi Labs’ portfolio companies have gone through their incubation programs. CMC Labs is CoinMarketCap’s selective accelerator program for startups, supporting Web3 entrepreneurs with a range of expert services, including awareness raising, social amplification, bespoke content, and networking opportunities with top-tier ecosystems, VCs, market makers and mentors. On April 6th, key figures in the cryptocurrency realm, Changpeng Zhao (CZ) and Vitalik Buterin, participated in the offline event for the BNB Chain’s MVB Season 9, hosted in Hong Kong. This season places a significant emphasis on innovative domains such as artificial intelligence (AI), decentralized finance (DeFi), and decentralized physical infrastructure networks (DePIN). Selected teams will embark on a rigorous 4-week incubation program designed to enhance their projects. Furthermore, participants will have the advantage of potential investment support from YZi Labs, which aims to propel the next wave of blockchain innovation and provide essential resources for emerging startups in the crypto landscape.