Binance Labs Launches MVB VI: How Will Projects Benefit?

TLDR:

• Binance Labs’ MVB VI onboarded 12 project teams for Season 6 cohort
• Teams building on BNB Chain participated in masterclasses and mentorship
• Successful BNB Chain projects fill gaps, understand users, offer innovative solutions, leverage the community, and integrate into the ecosystem
• Founder Yi He shared principles for team building, culture, and marketing

Behind the Scenes of 11-Week Accelerator Program

Binance Labs, the accelerator program led by Binance, has recently onboarded 12 project teams for the Season 6 cohort who are building on BNB Chain.

The new season started with masterclasses hosted by Yi He, Co-Founder of Binance and Head of Binance Labs, and DeFi Researchers and Blockchain Solution Architects from BNB Chain.

BNB Chain confirmed to BSC News that this marks the second week of the Most Valuable Builder (MVB) program, designed to get early-stage projects on BNB Chain ready to build a viable product and reach product-market fit.

The MVB program roadmap was shared with the Binance Labs program team, which consists of an 11-week curriculum to guide the teams through four key phases of product development. Phase 1 includes testing and validation of their ideas. The program includes mentorship and masterclasses by leading domain experts.

During the first masterclass, the experts from the BNB Chain community shared insights on key priority areas, how projects can get started on integration, security best practices, and a look into opportunities with BNB Greenfield, a decentralized blockchain storage platform. BNB Chain researchers identified common traits from successful projects on the BNB Chain, including filling ecosystem gaps, understanding the user base, offering an innovative solution, leveraging the BNB Chain community, and integrating into the ecosystem.

Yi He, in the second masterclass, shared her top five lessons for building teams, culture, and marketing. She emphasized the importance of aligning values and mission, hiring candidates based on the right mindset, culture fit, and passion, effectively delivering the right message through the right channels, dedicating a team member to build community and trust, and focusing on launching one token.

Phase 2 of the accelerator program, which spans weeks 3-6, is where project teams will start to build an MVP and refine their product based on user feedback. Founders will begin office hours with their mentors and continue masterclasses with a round-up of industry veterans. The masterclasses will cover topics such as infrastructure for going multi-chain, security in Web 3.0, and creating a user growth flywheel in Web 3.0.

The MVB program is an opportunity for early-stage projects to receive mentorship, masterclasses, and the chance to connect with experts in the Binance and BNB Chain communities. By providing guidance and support, the program aims to help teams build a successful product and contribute to the growth of the BNB Chain ecosystem.

What is BNB Chain:

Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.

Find more about BNB Chain here:

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