Binance Hopes to Onboard Promising Indian Blockchain Tech Companies

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India has the largest number of crypto owners in the world and nearly 230 blockchain startups.
Growing Indian Crypto Startups
Binance Labs, Binance's incubation and venture capital arm, is getting ready for its fifth incubation season and is looking forward to onboarding promising blockchain startups, including those from India.
India has been a particularly active market for cryptocurrencies. According to several research analyses, India has the highest number of crypto owners and is the second in terms of adoption rate. A study conducted by portal BrokerChoose’s annual crypto proliferation index reveals that with over 100 million, India has the largest number of crypto owners worldwide, followed by the U.S. and Russia.
Moreover, nearly 230 startups in this sector offer plenty of growth potential in the country. Binance, the U.S.-based cryptocurrency giant, is actively monitoring India's local market environment to determine the best market strategy.
“We are currently fielding applications for the fifth season until the end of July. We focus on fundamentals and long-termism to select projects that will bring a direct impact on the blockchain industry. Web3 startups in India have great potential to grow,” Ken Li, the investment director at Binance Labs, told NDTV Gadgets 360 in an interview.

Binance Labs often touts its support of India-based Polygon during its early stages. The eco-friendly blockchain is a layer-2 scaling solution for Ethereum created by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun.
Even from a global standpoint, India's tech ecosystem is a hub of ambitious entrepreneurs and top-tier talent. India will be a global leader in the crypto space if the ecosystem continues to grow in the same direction it has in recent years.
What is Binance:
Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.
Where to find Binance:
Website | Twitter | Discord | Telegram
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News


Chainlink Weekly Roundup: Pacific Meta, Tencent Cloud, Neutra Finance and Gunther's Rich Dog

Chainlink, the industry-standard Web3 services platform, continues to make waves in the decentralized application space.
TL;DR
- Chainlink celebrated its fourth anniversary with network expansion, including partnerships with Arbitrum and an NFT price feed.
- Neutra Finance joined Chainlink BUILD for ecosystem growth and access to Oracle services.
- Pacific Meta partnered with Chainlink Labs for the adoption of Chainlink services in Japan.
- Tencent Cloud partnered with Chainlink Labs to support global Web3 growth.
- Gunther's Rich Dog integrated Chainlink VRF for fair NFT rarity selection.
From DeFi to NFTs: More Partnerships and Integrations With Chainlink
The Chainlink Weekly Round-Up is here! Chainlink continues to revolutionize the world of decentralized applications as the industry-standard Web3 services platform. Chainlink empowers developers to create cutting-edge Web3 applications by seamlessly integrating real-world data and off-chain computation across multiple blockchains. Join us as we dive into the latest updates, integrations, and highlights from the world of Chainlink, where innovation knows no bounds.
In this week’s roundup:
- Chainlink Celebrates its Fourth Anniversary.
- Neutra Finance Joins Chainlink BUILD Program.
- Pacific Meta Joined Hands with Chainlink Labs.
- Chainlink Labs Teams Up with Tencent Cloud.
- Guntherrichdog NFT integrated With Chainlink.
Chainlink Celebrates its Fourth Anniversary
Chainlink Labs celebrated its four-year anniversary on May 30. In terms of network expansion, Chainlink had a monumental year.
4 years ago today, Chainlink launched on mainnet.
— Chainlink (@chainlink) May 30, 2023
Thank you to all the developers, researchers, data providers, node operators, users, & community members who have worked to make #Chainlink the standard for connecting the world to blockchains.
Our story: https://t.co/MPK0CJ7OBz pic.twitter.com/huz4lWyGCl
Last year, Chainlink partnered with the Ethereum scaling solution, Arbitrum, to automate Dapps on the Arbitrum network. Using Chainlink's oracles, developers can automate their offerings and create protocols using layer-2 solutions.
In addition, Chainlink announced support for staking last September. As part of its Chainlink Economic 2.0 strategy, staking is part of the network's effort to increase Ether's price stability.
Chainlink also announced an NFT price feed in the same month, officially launched in December. According to company reports, the project aims to provide reliable price feeds to NFT markets.
Neutra Finance Joins Chainlink BUILD Program
Neutra Finance has joined the Chainlink BUILD Program to accelerate Neutra Finance's ecosystem growth and long-term adoption of Neutra Finance strategy vaults through enhanced access to Chainlink's industry-leading Oracle services, additional technical support, and better crypto-economic incentives.
🏗️ #ChainlinkBUILD 🏗️@Neutrafinance is joining Chainlink BUILD to boost the adoption of its automated strategy vaults on Arbitrum.
— Chainlink (@chainlink) May 31, 2023
In return, Neutra Finance will make 3% of its total native token supply available to Chainlink service providers, including stakers.… pic.twitter.com/ZFGBM3Gqpt
In exchange, Neutral Finance will provide network fees and other benefits to Chainlink and its service providers, including stakeholder entities.
With BUILD, Neutra Finance will gain a number of benefits, including access to and integration of Chainlink Automation and Chainlink Functions in the future and access to new Chainlink product alpha and beta releases.
“We’re excited to join Chainlink BUILD to gain increased access to industry-standard Web3 services and enhanced technical support while benefiting from a robust crypto-economic model that empowers us to build a user-friendly platform for automated strategy vaults,” Neutra Finance mentioned in a statement.
Pacific Meta Joined Hands with Chainlink Labs
Web3 consulting firm Pacific Meta has partnered with Chainlink Labs to help drive the adoption of Chainlink services such as Chainlink VRF in Japan and unlock opportunities for expanding the Chainlink BUILD program in the Japanese market.
Japanese Web3 consulting firm @PacificMeta has entered into a partnership with @ChainlinkLabs.
— Chainlink (@chainlink) June 2, 2023
Explore how this partnership helps drive increased adoption of #Chainlink services, the Chainlink BUILD program, and Web3 adoption in Japan👇https://t.co/cfhSbWfzFK pic.twitter.com/MH1sxSmnYh
Pacific Meta provides comprehensive marketing support for overseas Web3 projects in the Japanese market, including strategy development, localization, promotion, and community management.
Pacific Meta will support the Chainlink ecosystem by helping startups and enterprises in the Japanese market access Chainlink’s industry-leading Web3 services.
Chainlink Labs Teams Up with Tencent Cloud
Tencent Cloud, one of the world's leading cloud companies, has partnered with Chainlink Labs. A key objective of this partnership is to support the growth of the global Web3 ecosystem.
.@ChainlinkLabs has teamed up with @tencentcloud, the cloud business of global tech company Tencent, to support the development of Web3 startups.https://t.co/16SvnVC6Mw
— Chainlink (@chainlink) May 31, 2023
As part of this partnership, Tencent Cloud will provide various benefits to #ChainlinkBUILD projects,… pic.twitter.com/ywsYUm8oXq
Cloud solutions offered by Tencent Cloud cover a range of segments within Web3, including Tencent Cloud Media Services for decentralized social applications, Real-Time Cloud Rendering for blockchain-based games, etc. With these solutions and Chainlink Web3 services that provide off-chain data and computation, developers can build more secure, reliable, and feature-rich applications.
Through this collaboration, Chainlink BUILD projects will get access to various benefits, including:
- Default vouchers of USD10,000 value of Tencent Cloud services and the opportunity to receive additional vouchers worth up to USD100,000
- Prioritized product and service listing to Tencent Cloud International Marketplace
- Early invitations to join Tencent Cloud Web3 networking, webinars, and events.
“We recognize that secure and scalable infrastructure is critical to the development of the global Web3 ecosystem, which is why we’re glad to collaborate with Chainlink Labs, a developer of Chainlink, the industry-standard oracle network,” said Poshu Yeung, Senior Vice President at Tencent Cloud International.
Gunther's Rich Dog NFT Integrated With Chainlink
Gunther's Rich Dog Collection, an NFT project that offers access to the luxurious life of the world's wealthiest dogs, has integrated Chainlink Verifiable Random Function (VRF) on the Ethereum mainnet.
.@guntherrichdog—the official NFT collection for Gunther, the world's richest dog—has integrated #Chainlink VRF to help fairly assign rarity tiers to minted NFTs.
— Chainlink (@chainlink) June 2, 2023
Discover the importance of verifiable randomness for NFT collections ⬇️https://t.co/LEhSn0ig2S pic.twitter.com/BZFWhaCwMQ
Through integrating the decentralized Oracle network, the project will gain access to a tamper-proof and auditable source of randomness needed to select NFT rarity tiers fairly.
What Is Chainlink:
Chainlink is the industry standard for building, accessing, and selling Oracle services that power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. They currently secure tens of billions of dollars across DeFi, insurance, gaming, and other major industries and offer global enterprises and leading data providers a universal gateway to all blockchains.
Where to find Chainlink:
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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