Gate Ventures Pledges $20 Million to BNB Incubation Alliance
Gate Ventures, the venture capital arm of Gate.io, has pledged $20 million to the BNB Incubation Alliance (BIA). The alliance aims to enhance blockchain development and Web3 adoption.
Key Points
- The BIA connects investors, startup helpers, and developers to support emerging projects.
- It provides funding, guidance, and technical support for new blockchain ideas aimed at increasing Web3 accessibility.
- Gate Ventures focuses on supporting ecosystems that provide real-world benefits.
- Startups can access resources through the Most Valuable Builder program, co-investments from venture firms, and BNB Chain grants.
- Projects receive support for launching decentralized applications and access to $300,000 worth of services in various areas.
- Kevin Yang, Managing Partner at Gate Ventures, highlighted the potential for innovation in AI and DeFi within the BNB Chain ecosystem.
- Gate Ventures has a history of advancing blockchain ecosystems and aims to foster a thriving Web3 landscape.
- Other major companies, including Binance Labs, are also investing in the blockchain space, contributing to industry growth.