The announcement comes amid a recent surge in BNB’s price, reaching a new all-time high of $717.48 on June 6.
BNB Chain announced a collaboration with Binance’s venture arm to launch an incubation alliance to support early Web3 projects.
On June 13, the blockchain network unveiled a new program created with Binance Labs to help emerging blockchain projects. BNB Chain said that its new BNB Incubation Alliance (BIA) would allow projects to enter the network’s 10-week accelerator for builders, founders and developers.
In addition, incubation alliance participants can also receive grants from BNB Chain and investment from Binance Labs. They can also access BNB Chain’s launch-as-a-service program, which includes $300,000 in free services covering various project aspects like security and infrastructure.
