BCGAME - Free 5BTC Daily Bonus!- Google Cloud invests in blockchain innovation with BNB Chain.
- BNB Chain’s MVB program receives US$10 million investment.
- Google Cloud expands focus on Web3 and cryptocurrency startups.
BNB Chain announced recently A significant $10 million in cloud service credits from Google Cloud. This investment aims to support the development of “Most Valuable Builder” (MVB) projects, which are part of the BNB Chain ecosystem. Since its inception in 2021, the MVB program has been a collaboration between BNB Chain, Binance Labs, and CMC Labs, focusing on accelerating the growth of innovative projects that are fundamental to the sustainable development of the blockchain ecosystem.
The MVB program, currently in its eighth year, has already benefited more than 93 initiatives in the DeFi, NFT, gaming and IT infrastructure sectors. The news, announced via a blog post on November 12 by BNB Chain, highlights Google Cloud’s commitment to the cryptocurrency sector and its intention to support up to 40 innovative projects.
Exciting news! @googlecloud is investing $10M in credits for MVB projects building on BNB Chain 🚀
Through this collaboration, up to 40 MVB projects building on BNB Chain will be eligible for up to $350,000 in Google Cloud credits for AI-focused projects, and $200,000 for other… pic.twitter.com/nNrZVdHt7I
— BNB Chain (@BNBCHAIN) November 12, 2024
MVB program participants are eligible for support from the Google Cloud for Web3 Startups Program, with up to $350.000 in cloud credits spread over two years for projects that integrate artificial intelligence. Projects focused on other areas can receive up to $200.000 in credits over the same period.
Selected projects will receive support from the Google Cloud for Web3 Startups Program, including up to $350.000 in cloud credits over two years for AI-first Web3 projects, and $200.000 in cloud credits over two years for non-AI-first Web3 projects.
This strategic investment comes at a time of growing interest from Google Cloud in the cryptocurrency space, which has recently gained significant momentum following the results of the US presidential election. This development also follows Google Cloud’s expansion of its partnership with Cronos Labs, which has now integrated Google Cloud as a primary cloud service provider into its ecosystem, with plans to include Google Cloud among the 32 validators of its open-source Cronos EVM protocol.
