During the interview, he stated that BNB Chain has currently implemented an incubator program known as Most Valuable Builder, or MVB for short.
The goal is to make it easier for developers and business owners who want to build projects and businesses on the BNB Chain.
BNB Chain will select the 20 best projects and will mentor them for eight weeks to help them grow in the BNB Chain ecosystem.
"MVB is a one-year incubator program where we select the best projects or applications (on the BNB Chain) from several hundred submitted. We select the top 20 and we take them to an eight-week program ranging from mentoring to networking, which essentially takes them from their current state and makes them ten times better. " Gwendolyn Regina said.
As a result, not only will new projects that pass this selection be guided by the BNB Chain team and the ecosystem within it, but they will also be introduced to parties who can help their business grow.
Please keep in mind that all projects or businesses that apply for this program will be screened, and not all will be given access to the Most Valuable Builder program.
The goal was to find the most valuable products that would have a positive impact on the BNB Chain ecosystem and the world.
Tips for Passing the BNB Chain Incubator
Gwendolyn Regina provides information about what is seen in the selection process of a project that wants to enter the MVB incubator program. He stated,
"From an investment point of view, we are looking for a good team and people, so when we talk about teams, we want people who have experience but have the ability to find solutions to problems from a different point of view than the general public. If they are experienced, we want people who can build the technology that makes them unique. So we want a good vision and the ability to realize that vision. The team is the main core compared to other things like products, interests, markets, and other things."
From the statement, it can be seen that the main aspect that BNB Chain pays attention to is the individual or team in charge of the project submitted to the MVB program.
But beyond the individual, several other things that are considered are the product itself and the market response to the product built by the project.
BNB Chain Incubator Purposes
This entire program was designed to increase BNB Chain's adoption of blockchain technology. Because the main goal of BNB Chain is to drive massive crypto adoption by having over one billion network users.
Gwendolyn Regina revealed that all of these goals can be met by providing an easy way to use BNB Chain and collaborating with developers and businesses.
However, he stated that there are challenges, particularly in terms of education. because not all developers and business owners are currently familiar with cryptocurrency and blockchain technology
"As we (the world) are moving towards greater adoption of crypto, what we (the world) need is education." We (BNB Chain) provide education regarding Web3 and Web2 applications. So education is part of the aspect of the incubator, but we still want to do more. "
BNB Chain also intends to begin curating associations under the Binance name in order to clarify BNB Chain's position as a decentralized network, thanks to the support of its community and ecosystem participants.
BNB Chain has grown to so much more than just Binance, and it's all for business founders, so BNB Chain is bigger than Binance, but Binance is still the biggest contributor to the BNB Chain ecosystem, but BNB Chain belongs to the community. "
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