{"id":464350,"date":"2022-06-17T13:35:07","date_gmt":"2022-06-17T10:35:07","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bear-market-no-issue-for-binance-labs-defi-incubation-program\/"},"modified":"2022-06-17T13:35:07","modified_gmt":"2022-06-17T10:35:07","slug":"bear-market-no-issue-for-binance-labs-defi-incubation-program","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bear-market-no-issue-for-binance-labs-defi-incubation-program\/","title":{"rendered":"# Bear market no issue for Binance Labs\u2019 DeFi incubation program"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a29f3f0b32d8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a29f3f0b32d8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bear-market-no-issue-for-binance-labs-defi-incubation-program\/#%E2%80%9D_Bear_market_no_issue_for_Binance_Labs_DeFi_incubation_program_%E2%80%9C\" >&#8221; Bear market no issue for Binance Labs\u2019 DeFi incubation program &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bear_market_no_issue_for_Binance_Labs_DeFi_incubation_program_%E2%80%9C\"><\/span>&#8221; Bear market no issue for Binance Labs\u2019 DeFi incubation program &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvOTNhMTg2ZjQtYjg4MC00NjcyLWIxMmYtOTE4MTJjZWI0ODBkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Binance Labs, the venture capital and incubation arm of the Binance cryptocurrency exchange, continues its business as usual despite the ongoing bear market.<\/p>\n<p>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.<\/p>\n<p>Organized in cooperation with BNB Chain, the program looks to provide dedicated support to developers building decentralized <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>s on the BNB Chain blockchain network by providing incubation and investment.<\/p>\n<p>The MVB program was originally <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.binance.com\/en\/blog\/all\/binance-launches-the-most-valuable-builder-mvb-accelerator-program-421499824684901587\">launched<\/a> in May 2021, with the mission to help BNB Chain-based startups create new projects, gain exposure, receive funding and accelerate community and business growth. Some of the successful MVB-born startups include infrastructure DeFi projects like Deri Protocol and Solv Protocol, the decentralized exchange Biswap, the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Fi and metaverse platform Metasset and others.<\/p>\n<p>The latest round, also referred to as the fifth cohort, is named \u201cUncharted Territory\u201d as it aims to explore new opportunities and help emerging projects amid the highly volatile cryptocurrency market.<\/p>\n<p>\u201cMVB V is structured differently than previous cohorts, with BNB Chain and Binance Labs collaborating for the first time to provide infrastructure, mentorship, funding, and ecosystem support to the projects,\u201d BNB Chain investment director Gwendolyn Regina told Cointelegraph on Thursday. \u201cThe funding source of MVB will be directly from Binance Labs,\u201d she added.<\/p>\n<p>The round application deadline is July 8, 2022, while the program is scheduled to start on July 11, 2022. In late June, Binance Labs and BNB Chain plan to announce successful projects that will join the MVB accelerator program and go through coaching and workshops for 6-8 weeks.<\/p>\n<p>The new MVB accelerator program is not limited in terms of projected investment, the BNB Chain investment director noted, stating:<\/p>\n<blockquote><p>\u201cWe do not have an investment cap. Binance Labs will follow a thorough evaluation process for projects that are selected for incubation before making an investment decision. The support we provide for the MVB program goes beyond mere money and the fund itself.\u201d<\/p><\/blockquote>\n<p>Regina went on to say that the latest MVB round welcomes all builders in the blockchain industry, disregarding whether they have experience in building on the BNB Chain. \u201cWe are ready to invest in projects in all stages of their development, whether it\u2019s early stage, working prototype or a launched product that needs scaling,\u201d she added.<\/p>\n<p>The ongoing bear market poses no potential harm to the accelerator program. Rather on the contrary, BNB Chain and Binance Labs believe that extreme market conditions tend to generate stronger projects, Regina said, adding:<\/p>\n<blockquote><p>\u201cBear markets are a great way to assess and support projects that truly make a difference in the blockchain ecosystem. If anything, now is the best time to spot strong, mission-driven projects and assist their growth and development.\u201d<\/p><\/blockquote>\n<p>BNB Chain\u2019s stance on crypto bear markets as an opportunity for industry growth comes in line with broader views at the Binance crypto exchange.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>\u2018Builders rejoice\u2019: Experts on why bear markets are good for Bitcoin<\/em><\/strong><\/p>\n<p>The company is looking to hire 2,000 employees amid the latest market decline, with CEO Changpeng Zhao declaring that the exchange sees bear markets as a \u201cgreat time to bring on top talent.\u201d<\/p>\n<p>A similar sentiment is shared by billionaire crypto investor and Dallas Mavericks owner Mark Cuban, who applied a well-known aphorism by veteran investor Warren Buffett to the current crypto market drop: \u201cOnly when the tide goes out do you discover who&#8217;s been swimming naked.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bear-market-no-issue-for-binance-labs-defi-incubation-program\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bear market no issue for Binance Labs\u2019 DeFi incubation program &#8220; 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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":464351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvOTNhMTg2ZjQtYjg4MC00NjcyLWIxMmYtOTE4MTJjZWI0ODBkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74937,74863,74860,74868,89094,93542,74355,117,71745],"class_list":["post-464350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-bitcoin-price","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-defi","tag-incubator","tag-web3","tag-adoption","tag-business","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/464350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=464350"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/464350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/464351"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=464350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=464350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=464350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}