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

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

The collaboration with Google Cloud will support 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; AI-focused projects will qualify 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 at a time when collaboration in the blockchain space is increasing across artificial intelligence, gaming and web3. Platforms and crypto projects that have recently integrated Google Cloud’s infrastructure include MANTRA Chain, Flare and Sui.

Earlier this month, the Cronos (CRO) token soared following a new partnership with Google Cloud. This collaboration mirrors similar partnerships across the ecosystem. Specifically, Cronos Labs announced that the strategic alliance will add Google Cloud as a validator, increase developer collaboration, and provide support for startups.

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