Holding the title of the world’s largest cryptocurrency exchange, Binance announced that it will invest in 7 altcoin projects. The exchange will support these cryptocurrencies through a program called Most Valuable Builder (MVB) Accelerator. Continuing with the joint effort of BNB Chain and Binance Labs, this program aims to support the development of various projects.
Binance will support these 7 altcoin projects
Space ID
Space ID is a global domain name service. This service was created to support multi-chaining. For example, Space ID allows people, assets and decentralized applications to be used across different networks. Basically, this is like a valid digital identity anywhere in the Blockchain world. Every identity on the network is multi-chain, decentralized and fast.
MultiChain Event Protocol (MEP)
MEP is a project that allows different Blockchain networks to work together. This project basically serves as a communication protocol. That is, it offers peer-to-peer communication channels. In this network, users benefit from features such as authentication, execution, and multi-chain transfer. However, every multi-chain transaction on MEP takes place via sub-protocols. These special sub-protocols provide speed and security.
overreality
Overality generates various Blockchain ecosystems based on zero knowledge proof. These ecosystems enable zkBridge and zkRollup acceleration. Like the previous two projects on the list, Overality is a project focused on interoperability. Aiming to bring a multi-chain structure to Web3, this project is a kind of infrastructure provider. Overality currently has various infrastructures called Gemini, deVirgo and MetaID. deVirgo offers shorter proof creation times. Gemini speeds up zkRollups as a zero-knowledge proof protocol. Meta ID, on the other hand, enables authentication in NFT and cross-chain environment.
MetaApes
MetaApes differs from other projects in terms of its structure. This altcoin is a free-to-play Play to Earn game based on Binance. In other words, users can earn passive income through this mobile game. Meanwhile, the game currently boasts over 400,000 unique users. These users can build their own cities within MetaApes. He can then bring these cities into battle in various areas, including PVP and PVE. Winners of battles receive rewards.
Velvet Capital
Velvet Capital allows users to invest in groups of tokenized assets. Users who invest in tokenized portfolios have the opportunity to earn passive returns. Also by doing this, it supports the tokenization of assets in various ecosystems. In addition to tokenized Web 3.0 index funds, investors within Velvet Capital can invest in other assets that offer anonymity. However, the platform also supports multi-chain asset investment and strategy generation.
Web3Go
Web3Go is a notification-oriented altcoin project. It allows instant notifications to users on Web3 platforms and Blockchains. Basically this is a multi-chain data analysis protocol. Accordingly, Web3Go compiles and analyzes blockchain-based data. It then presents this data via notification in a way that users can understand.
gameta
Gameta is the last project that will receive investment from Binance Labs, as we have reported as Kriptokoin.com. This project works in a game-oriented way. Basically, it allows different games to be played on a single platform under its own roof. Currently, Gameta includes 9 games. However, the ecosystem also has over 20 games currently in development.
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