Google Cloud to Support Projects Building on BNB Chain Via MVB Program

The BNB Chain Most Valuable Builder (MVB) program will be getting support from Google Cloud, the platform that handles Google’s cloud computing services, in the coming weeks. The protocol is looking to foster the development and growth of decentralized applications in the Binance ecosystem via the MVB program.

An official release from BNB Chain revealed that the collaboration with Google Cloud’s Web3 Startups Program will support 40 projects in the MVB initiative. 

Google Cloud Supports BNB Chain Projects

According to the blog post, the MVB program is an accelerator program for developers, founders, and builders. The initiative, run by the BNB Chain in an alliance with Binance Labs and CoinMarketCap’s accelerator program for startups, CMC Labs, lasts for four weeks and is focused on growing the BNB Chain ecosystem by driving the growth of selected projects.

The MVB Program is in its eighth season, and Google Cloud has tailored aids for different kinds of projects in the initiative. Projects focused on artificial intelligence (AI) solutions would receive up to $350,000 in cloud credits over two years, while non-AI-related ventures would receive $200,000 in cloud credits over the same period.

“The MVB program aims to accelerate the growth of selected projects within the BNB Chain ecosystem that are contributing to the long-term growth of the broader blockchain ecosystem,” the blog post stated.

BNB Up 11% Weekly

The latest announcement comes less than three months after BNB Chain unveiled a new cross-chain bridge to boost the network’s interoperability and liquidity. This bridge enables users and developers to stay connected with the broader ecosystem.

The bridge is designed to streamline asset and data transfers between the protocol and other blockchain networks. Additionally, the bridge is accelerating the growth of the BNB Chain’s stablecoin ecosystem.

The protocol also partnered with three entities, including deBridge, Celery, and Stargate, integrating their interoperability framework, cross-chain infrastructure, and liquidity solution. 

Meanwhile, the BNB Foundation, the not-for-profit organization behind the BNB Chain, has been consistent with the quarterly burn of the network’s native token, BNB. The last one, the 29th token burn, was conducted on the first day of this month, removing 1.7 million BNB from circulation. These quarterly burns are expected to drive BNB’s value; however, the coin has recorded no significant reactions to the events. 

At the time of writing, BNB was worth $627, up 11% in the past week and less than 1% in the past 24 hours.