Gate Ventures invests $20m in BNB Incubation Alliance

Gate Ventures, the venture capital division of Gate.io, has committed $20 million to the BNB Incubation Alliance. 

The alliance is a collaborative initiative by Binance Labs and BNB (BNB) Chain, is designed to support blockchain and Web3 startups with funding, mentorship, and technical assistance, according to a Gate.io release.

The BNB Incubation Alliance aims to connect venture capital firms, developer communities, and incubators to accelerate the development of blockchain projects. It focuses on early-stage startups and provides resources such as financial backing, professional coaching, and technical guidance.

This investment from Gate Ventures is expected to enhance the alliance’s ability to nurture innovative blockchain applications.

Gate Ventures outlined in its 2025 investment roadmap that it plans to prioritize advanced artificial intelligence, decentralized finance powered by AI, and quantum-resistant technologies.

Most Valuable Builder

As part of the partnership, startups will gain access to the “Most Valuable Builder” program, a BNB Chain initiative aimed at accelerating high-potential projects.

Gate Ventures’ Managing Partner, Kevin Yang, stated that the investment aligns with the firm’s focus on scaling decentralized finance, artificial intelligence, and other blockchain-based systems.

Startups participating in the alliance will also have access to additional resources, including funding, infrastructure support, and marketing assistance.

Related Posts

Ethereum Foundation sends 50,000 ETH to new multisig wallet amid DeFi plans

The Ethereum Foundation, the non-profit organization supporting the development of the Ethereum blockchain network, has set up a multisig wallet as it looks to participate in the decentralized finance ecosystem.…

Leave a Reply

Your email address will not be published. Required fields are marked *