Google Cloud to invest $10m in BNB Chain accelerator program

Google Cloud will support the BNB Chain ecosystem by investing in the blockchain network’s accelerator program.

BNB Chain announced Nov. 12 that Google Cloud’s web3 Startups Program will inject $10 million into BNB Chain’s Most Valuable Builder (MVB) program, a four-week accelerator for developers, founders, and builders, now in its eighth season.

According to the BNB Chain announcement, MVB aims to accelerate the growth of decentralized applications on the BNB Chain. The program is run alongside Binance’s venture capital and incubator arm, Binance Labs, and CoinMarketCap’s accelerator, CMC Labs.

The collaboration with Google Cloud will provide support to up to 40 projects through the web3 Startups Program over the next two years.

Eligible projects will receive support in the form of cloud credits, with artificial intelligence-focused projects eligible for up to $350,000 in Google Cloud credits, while web3-focused projects will receive $200,000.

Google Cloud’s investment in BNB Chain comes as the blockchain space sees increased collaboration across AI, gaming, and web3. Platforms and crypto projects recently integrating Google Cloud’s infrastructure include MANTRA Chain, Flare and Sui.

Earlier this month, the Cronos (CRO) token soared amid a new partnership with Google Cloud. This collaboration mirrors similar partnerships across the ecosystem. Specifically, Cronos Labs revealed that the strategic alliance will see Google Cloud added as a validator, boost developer collaboration, and provide support to startups.

These efforts aim to strengthen the decentralized applications ecosystem, particularly in areas such as decentralized finance, metaverse, blockchain-based gaming, and digital collectibles, including non-fungible tokens.