A look at the 13 selected projects of Binance Labs’ MVB Accelerator Program Season 7

Written by: Peng SUN, Foresight News

On the evening of March 1, Binance Labs announced the 13 early-stage projects selected for the 7th Season of the MVB Accelerator Program. The program lasts for 10 weeks and is jointly operated by BNB Chain and Binance Labs.

The selected projects of Binance Labs’ MVB Accelerator Program are worthy of attention. Let’s take a look at past achievements first:

• In Season 5, Binance Labs invested in decentralized domain name protocol Space ID, Web3 infrastructure Overeality, and interoperable communication protocol Multichain Event Protocol (MEP), mobile strategy game Meta Apes, tokenized investment portfolio Velvet Capital, multi-chain open data analysis platform Web3Go, and casual game platform Gameta.

• In Season 6, Binance Labs invested in the Ethereum expansion project AltLayer, the sustainable DEX project KiloEx, and the lending protocol Kinza Finance and Sleepless AI, a virtual companion game based on AI blockchain.

In other words, Binance’s MVB accelerator program is There are many successful "Golden Dog" projects. That being the case, Season 7 is equally worthy of attention. Foresight News took stock of the 13 projects selected this season, covering the three major tracks of DeFi, infrastructure and application layer. Surprisingly, only 6 Web3 + AI concept projects were selected. So from these, we can find out which ones are the most interesting. The object of value?

DeFiBitU

BitU is a crypto-native collateralized stablecoin protocol that leverages off-chain liquidity and efficiency to provide higher returns. Users can use the major crypto assets supported by the protocol to mint the crypto-native stablecoin BITU. One of the components of the BitU protocol is the Active Liquidity Management Module (ALMM). ALMM mainly solves the problem of the interest rate difference between on-chain and off-chain stable currency lending. It introduces trusted custody institutions (Fireblocks, BitGo, Coinbase, etc.), and users can transfer funds Deposited in it, there is no need to worry about CEX centralization risks, nor are they directly controlled by the BitU protocol. These funds will be mapped to the exchange through the "OES" (over-the-counter settlement) service, and the ALMM revenue module uses off-chain trading activities to generate revenue. And distribute the revenue back to on-chain users. ALMM also includes liquidity management, risk control and other modules, which can provide initial liquidity for BITU, be responsible for the redemption of BITU and the release of mortgage assets, as well as risk management and portfolio liquidation.

BitU stated that the initial phase of minting BITU will be limited to whitelisted partners who are eligible to mint BITU using collateral.

Blum

Blum is a hybrid CeDeFi exchange that allows users to trade cryptocurrencies through the Telegram applet. Blum provides users with all the tokens they need without having to switch between multiple platforms. Featuring off-chain order books, on-chain settlement, and centralized or self-custody options, Blum will also offer derivatives trading services, including NFTs and pre-market tokens.

Surf Protocol

Surf Protocol is a permanent protocol based on Base. The contract renewal trading platform provides leverage trading, premarket trading, points trading, etc. for low market capitalization tokens.

In October 2023, Surf Protocol completed US$3 million in financing, led by ABCDE Capital and Inception Capital (formerly OP Crypto) and C² Ventures participated in the investment.

Vooi

Vooi is a cross-chain perpetual contract DEX aggregator currently supports four DEXs: Orderly, SynFutures, GMX, and KiloEx. Vooi allows users to add balances after connecting their wallets to conduct gas-free transactions on-chain with minimal fees. Vooi’s maximum leverage is 100x and supports account abstraction, etc.

Vooi was previously an L2 stablecoin exchange protocol, aiming to reduce the slippage of USDC, DAI, USDT and other stablecoin exchanges for Layer2 users. Its mainnet is now Only Linea is supported. Additionally, VOOI token economics have not yet been released.

InfraAggregata

Aggregata is a DePIN-driven AI data storage project based on BNB Greenfield that can create and price high-quality data, and upload it to Aggregata decentralized storage through Greendrive for Greenfield. The Aggregata Marketplace allows you to share, sell and find AI datasets, activate and use data in 5 seconds, gain instant access to AI environments, and earn tokens by contributing data.

Nesa

Nesa is a lightweight software for AI. Level 1 uses on-chain ZKML to perform critical AI reasoning for queries that require a high degree of privacy, security and trust. Nesa launches the AI ​​Virtual Machine (AIVM) architecture, a unified execution environment that connects on-chain assets and off-chain activities to ensure unified execution of AI models for all nodes in the NES network. Nesa also proposed a privacy-centered decentralized inference protocol, powered by ZKML based on Cosmos WASM, using BIL technology to decouple inference requests and inference responses to improve the overall network throughput. Subsequently, Nesa commits to the calculation and inference results through the security committee and sends them to the chain. After the smart contract is summarized and voted on the star, the consensus is confirmed, the nodes are rewarded and punished, and the consensus results are finally communicated to the users.

Nesa's native token is NES, and the inflation rate starts at 8% per year, and then decreases by 8% per year, eventually reaching an inflation rate of 1.8%. The total initial issuance of NES is 1 billion, of which 8.8% will be used for the genesis airdrop and incentivized testnet. The distribution of the incentivized testnet will reward developers who have contributed to the Nesa ecosystem and developers who build on Nesa. Developers who submit their AI models for use by Nesa, and early miners who lend their computing power. Bonus points are also earned for regularly submitting PayForQuery transactions on the system through the AIVM kernel. NES can be used for AI model query, staking mining, and participation in governance. In addition, 11.2% of NES will be used for future incentives, 27.2% will be allocated to the Nesa Foundation, R&D team and ecological incentives, 18.9% will be allocated to early supporters of Series A and Series B, and 15.8% will be allocated to seed rounds. For early backers, 18.1% will be distributed to team members.

Currently, an NES release date has not been announced.

Nimble Network

Nimble Network is a composable AI protocol that allows AI agents, data providers, and computing resources to combine and consume ML models and data. Currently, Nimble Network is creating atomic building blocks for the protocol to expand into IP, creators, advertising, personalization and chatbots. Its application areas include DeFi, DePIN, GameFi

Nimble Network is about to go online on the mainnet and will launch the Nimble mining machine SDK to allow developers to Mining. Nimble also stated that it will meet AI demand in the first quarter of this year, launch a market distribution mechanism and launch infrastructure in the second quarter, and then issue coins. Nimble token economics are shown below:

Application LayerAspecta

Aspecta is a The AI-driven, developer-focused digital identity ecosystem platform builds Aspecta ID, an AI-generated identity system for developers and others to demonstrate, connect and explore. By linking accounts in Web2 and Web3 spaces such as GitHub, Twitter, and wallet addresses, Aspecta ID includes AI-generated web pages, soul-bound tokens, and Metaverse twins. Based on Aspecta ID, Aspecta ID holders are able to demonstrate insights into over 8,000 skills, hundreds of experience highlights, connect with like-minded peers around the world, and gain access to exclusive DAOs, ecosystems, and applications.

In March 2023, Aspecta completed a seed round of financing of US$3.5 million. Aspecta’s seed round of financing consists of two phases, A and B. Phase A will be completed in 2022 Completed in April, with participation from ZhenFund, Qiji Chuangtan (formerly YC China), UpHonest Capital, Yale Alumni Fund and other institutions. Phase B will be completed in November 2022, with participation from Foresight Ventures, HashKey Capital, SNZ Holding, Infinity Ventures Crypto and other institutions participated in the investment. In addition, Aspecta has received strategic investment and donation support from project parties and ecosystems such as Galxe, Mask Network, CyberConnect, and P12.

In July 2023, Aspecta completed a new round of strategic financing, with Spartan Group participating. The specific amount has not yet been disclosed.

Aspecta is also a Foresight Ventures portfolio project.

Holoworld

Holoworld is a decentralized AI virtual reality The role market and social platform allow anyone to create intelligent AI robots with just a few clicks.

Opinion Labs

Opinion Labs is a dynamic public opinion and Continuous prediction market aims to create a full-chain social infrastructure. Its first product is the full-chain opinion market and content community DApp AlphaOrBeta, which ensures that opinions are disseminated and receive attention and rewards. Users can share their opinions on social media Make predictions to earn ETH with airdrops. In January 2024, AlphaOrBeta received Grant and strategic support from the Mantle Ecological Foundation. In addition, Opinion Labs will also launch a full-chain decentralized information and prediction market.

Opinion Labs plans to officially launch AlphaOrBeta in the first quarter of this year, launch the AlphaOrBeta TG bot and prediction market MVP in the second quarter, launch the test market Beta version in the third quarter, and release it in the fourth quarter. Prediction market Alpha version.

Side Quest

Side Quest is a game social platform , established in London in 2022, aims to provide a variety of gaming, acquisition, food and networking opportunities. Currently, the Side Quest community has over 130,000 international gamers and has established the largest gaming café brand in the UK.

Story Chain

Story Chain is an AI writing Story NFT application, users can use LLM and image AI to create stories with unique chapters and art, and NFT can be minted after submitting instructions to the AI. Story Chain has a voting mechanism that allows users to collectively decide the direction of the story, and each chapter contributed will become an NFT.

Tilted

Tilted is a game asset market, using For buying, selling and trading game assets, skins and NFTs on the chain, it can ensure user ownership and achieve cross-game compatibility.