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Web3 Builders Look to Alternate Growth Model with BNB Chain as Bear Market Funding Drops by 84%

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DUBAI, UAE, November 23rd, 2023, Chainwire

BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, is highlighting the compelling growth stories of the projects that emerge from its project development program, starting with its hackathons. This comes in the wake of BNB Chain’s Istanbul Hackathon, which saw the emergence of a number of strong projects.

The focus of the bear market is building quality Web3 projects – this is a time for developers to concentrate on identifying what real use cases need solving. However, quarterly funding for Web3 startups has dropped by approximately 84% this year. Against this backdrop, thousands of founders have looked to alternate ways to develop their projects to the point of launch readiness.

By providing constant guidance, in addition to routinely incentivising innovation with its global hackathons, BNB Chain mentors these projects through the various stages of their development journeys as they strive to realize the immense potential of Web3. 

Below are the steps that projects can expect to partner with BNB Chain on as they work to realize their vision:

  1. Ideate and develop a killer idea at a BNB Chain hackathon
  2. Win a reward at the hackathon that allows for initial development
  3. Develop further with constant guidance from BNB Chain
  4. Get introduced to incubators who can supercharge your project
  5. Launch your project on-chain 

BNB Chain Hackathon winners also receive referral codes to apply to the Most Valuable Builder (MVB) to potentially increase their funding. The program – run by BNB Chain and Binance Labs – helps projects develop and grow through mentorship, funding and network support*.

BNB Chain’s recent Istanbul Hackathon saw a number of exciting projects start on this journey, with a number of the winners sharing how they plan to utilize their winnings to advance their projects. 

MoveSpace, an on-chain data labeling and marketplace powered by a vector database, is addressing the data transparency issue in AI training to incentivise human interactions with data with BNB Greenfield. Using the funds they won at the BNB Chain Hackathon, they are further refining their concept – making data tradable as a regular commodity or asset – to make data ownership meaningful, setting them up for success at their first round of fundraising.

Another winning project exemplifying the practical applications of blockchain technology is ZeroX, a Web3 Gaming platform with a core mission of onboarding users to Web3 through gaming. Offering SDK and API services for traditional game development, they are lowering the barriers for traditional game developers and gamers to enter Web3. They will allocate the funds they won at the Istanbul hackathon to accelerate their growth and incorporate BNB Greenfield into their product, putting them in a leading position for their first funding round and upcoming public product launch. 

Learn more about all of the winning projects, their experiences of BNB Chain Hackathon Istanbul and how it is accelerating their growth here.

Tomasz Wojewoda, Head of Business Development at BNB Chain, said: “The quality of the projects that emerged from the BNB Chain Istanbul Hackathon was truly remarkable. It has been great to see their Web3 spirit on full display and to see how they are leveraging opBNB and BNB Greenfield to accelerate their development. Myself and the BNB Chain team look forward to being by the developers’ sides and providing guidance as they continue to build towards realizing their vision.”

*Disclaimer: There is no guarantee that projects will be accepted to the MVB program.  

About BNB Chain

BNB Chain is a community-driven ecosystem with multiple decentralized blockchains, powered by BNB. It consists of BNB Beacon Chain, its staking and governance layer, BNB Smart Chain (BSC), which is EVM compatible and facilitates a multi-chain ecosystem with its Layer-2 solutions including opBNB, and BNB Greenfield, its decentralized data storage network. 

The BNB Chain ecosystem has the world’s largest smart contract blockchain (BSC) by daily active users and has processed 3 billion transactions to date from 232 Million unique addresses. This makes it the largest layer 1 blockchain globally and brings developers massive user access with ultra-low gas fees, higher transactions per second and has experienced zero crashes since its inception. The ecosystem has more than 1,500 estimated active dApps at any given time across multiple categories such as DeFi, Metaverse, Blockchain Gaming, SocialFi, NFT, Infrastructure, and more. There are numerous programs available to support the Web3 ecosystem including the Gas Grant, Builder Grant, Kickstart, Most Valuable Builder (MVB) and AvengerDAO.

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Press Release

Why BEFE Coin Is the Go-To Hottest Crypto of the Week

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If you’ve been in the crypto market long enough, you’ll agree that meme coins are the sweet spots for profits. They have a lasting reputation for making audacious price movements that leave the entire market in awe.

Solana meme coins have been the main characters in many crypto news stories for a few days. Meme coins like Dogwifhat (WIF), which recently recorded stellar performances on the price charts, are now stuck in an awkward situation created by the Solana blockchain’s transaction failure, which has been happening for days.

Solana meme coins are losing investors to projects on other blockchains in the middle of all these. Even projects in the pipeline for launch on the Solana network have paused their campaigns, and crypto investors aren’t known for patience.

On the sideline is BEFE Coin, a meme coin enjoying tributaries from Solana meme coins. Experts consider BEFE Coin as one of the best meme coin projects to invest in at the moment, and here’s why:

 

BEFE Coin: Introduction

Gone are the days when meme coins were popular for all the fun they brought to spice the crypto-verse and their huge profit potential. Recently, meme coins have become a subject of ridicule as some people now consider them ‘the pump-and-dump coins.’ BEFE Coin is here to change that narrative.

The goal of the BEFE Coin is to become the meme coin of the people, and that’s the message the meme coin passed at its launch. BEFE Coin launched without a token presale or even taxes. BEFE came on board, and it didn’t take long before it became ‘The Ultimate Meme King.’

 

BEFE Coin and the Bitgert Blockchain

While Solana meme coins are entangled in the downtime on the Solana blockchain, BEFE Coin investors will have nothing to worry about. BEFE Coin is backed by one of the fastest and most reliable blockchains in the crypto market–the Bitgert blockchain.

News of the Bitgert blockchain’s reliability is fast spreading in the crypto-verse, and that’s why experts have listed BEFE as one of the best meme coins to replace Solana meme coins.

 

Final Thoughts

More investors and developers are adopting the Bitgert blockchain as an alternative to the seemingly unreliable Solana blockchain. The handwriting is on the wall; more people will adopt BEFE Coin. The only way for BEFE Coin is up. The meme coin sells for $0.0003198 per token, and experts are tilting toward a buy bias.

 

To know more about BEFE, Visit https://befetoken.com



Buy BEFE coin from the below exchanges now!

Buy on Gate.io – BEFE/USDT
Buy on MEXC – BEFE/USDT
Buy on Pancakeswap



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Press Release

SUI and FET Price Dip Amid Uncertain Market Conditions; $MEDA Presale Shows Resistance to Market Pullback

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TLDR 

  • SUI Network surpasses $700M TVL in a year. Despite the price decline to $0.80, partnerships fuel growth, poised for an upward trend.
  • Fetch.ai (FET) leads AI merger for decentralized innovation; despite a recent price drop to $2.60, experts foresee a further decline to $2.50. 
  • Milei Moneda ($MEDA) leads DeFi with innovative features, priced at $0.0125, set to surge to $0.020 upon Uniswap launch.

In a volatile crypto market, altcoins like SUI, FET, and $MEDA are weathering uncertain conditions. SUI Network hits $700M TVL, Fetch.ai (FET) leads AI merger, and Milei Moneda ($MEDA) promises DeFi innovation.

Economize Like Milei: Invest in $MEDA!

 

SUI Network Breaks $700 Million TVL 

SUI Network has achieved a significant milestone by surpassing $700 million in Total Value Locked (TVL) within less than a year since its mainnet launch. 

Despite these advancements, SUI, one of the top crypto coins, experienced a decline in price from the $2 region to the $0.80 region between March and April 2024. The project’s focus on user-friendly interfaces and strategic partnerships, including integration with the Greek Stock Exchange (ATHEX) electronic book building, has fueled its rapid growth and adoption

Recognized as the 2024 Blockchain Solution during the AIBC Eurasia awards, SUI Network is positioned as a frontrunner in the DeFi space. With ongoing development efforts and collaborations, SUI is poised for further expansion and aims to make a turn towards an upward trajectory, offering investors and users a compelling opportunity in the blockchain ecosystem.

 

Fetch.ai (FET) Leads Decentralized AI Revolution With SingularityNET and Ocean Protocol Merger

Fetch.ai (FET), one of the top altcoins, spearheads a transformative merger with SingularityNET and Ocean Protocol, marking a milestone in decentralized AI. 

The alliance aims to create a powerhouse for AI development, launching the ASI token with a $7.5 billion fully diluted value. Fetch.ai’s (FET) mission is to democratize AI, challenge traditional tech giants, and accelerate progress towards Artificial General Intelligence (AGI). 

Humayun Sheikh, Fetch.ai’s (FET) representative, will chair the merged entity, prioritizing ethical AI practices and transparency. Token holders will play a crucial role in shaping the merger’s outcome through voting. 

Together, Fetch.ai (FET), SingularityNET, and Ocean Protocol envision reshaping decentralized finance with AI integration. The collaboration by Fetch.ai (FET) promises to revolutionize AGI research and commercialization, cementing Fetch.ai’s leadership in the crypto AI ecosystem. 

Despite these collaborations, Fetch.ai (FET) dropped from around $3.30 to approximately $2.60 between March and April 2024. Experts are pessimistic about the future of Fetch.ai (FET) as they predict that FET will drop further to the $2.50 region. 

 

Introducing Milei Moneda ($MEDA): A Vanguard in DeFi Advancement and Investment Prospects

Milei Moneda ($MEDA) emerges as the best crypto investment, heralding a new era of DeFi evolution with its imminent debut on Uniswap in May 2024. Designed to empower users with financial sovereignty, Milei Moneda ($MEDA) epitomizes the future landscape of decentralized finance.

Distinguished by its innovative features, including deflationary mechanisms, NFT integration, and robust governance tools, Milei Moneda ($MEDA) offers a refreshing and immersive crypto experience. These distinctive attributes position it as one of the top DeFi projects in the crypto market, offering both profit potential and adaptability in the face of regulatory fluctuations.

Currently priced at $0.0125 during Stage 2 of its presale, Milei Moneda ($MEDA) is anticipated to pump to the $0.020 mark upon launch, presenting an enticing investment opportunity for astute investors. With a total token supply of 500 million, Milei Moneda ($MEDA) emphasizes accessibility and liquidity, establishing itself as a good crypto to buy and the best DeFi innovation in 2024.

 

Conclusion 

Amidst market volatility, SUI, Fetch.ai (FET), and Milei Moneda ($MEDA) showcase resilience, as the first two coins pioneer AI merger, whilst the latter heralds DeFi innovation. If you’re looking for a project to get behind that is showing signs of resistance to market putback, then Milea Moneda’s presale indicates that it is the one to invest in. 

Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!



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Why Bitgert Coin Is the Go-To Trending Crypto of the Week

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Every now and then, the cryptocurrency world comes up with some promising new coins that can give you sky-high profits. But amidst the noise, true gems that can give you returns in the long term are pretty rare.

However, Bitgert is different. The hottest cryptocurrency project of 2024, it’s beyond the hype and occasional growth. Some experts feel that it is the next big thing after players like Solana and Ethereum. 

So, what sets Bitgert apart? Let’s have a look at the qualities and the performance of the altcoin that make it stand out from the competition.

 

Reasons behind Bitgert Coin’s Success 

Bitgert’s solid Proof of Authority consensus mechanism effectively engages network validation nodes. Its current transaction speed of 100,000 TPS already positions it as the fastest blockchain in existence. Further node upgrades promise even greater network reliability which is obviously a key factor in deciding price movement.

Smooth, lightning-fast transactions directly translate to more users and popularity, fueling upward price action. With Bitgert’s price currently $0.0000001988, experts predict it to increase in no time.

Moreover, Bitgert has a Crypto community of over 800,000 members across platforms which is kind of commendable, to say the least. Also, its focus on developing a fully functional blockchain ecosystem that helps the users scale their solutions through expert support and community help also has added to their growth. 

Bitgert is one of those rare coins which also focuses on growth but gives equal importance to sustainability too. This has attracted and impressed the modern investor.   

 

A successful upgrade could generate significant excitement around Bitgert BRISE. This hype has the power to shift market sentiment towards the asset, potentially triggering an upward price rally. Increased positive sentiment often translates to higher trading activity, boosting liquidity for BRISE.

While the Bitgert team already values community support, the upgrade of the Bitgert exchange presents an opportunity to increase engagement to ultimately monetize it. Organic leads and peer-to-peer promotion can significantly boost the project’s visibility.

Smoother User Experience: Attracts new users and drives liquidity.

Enhanced Staking: Encourages holding Bitgert BRISE, boosting project security and reducing selling pressure.

The upgrade is drawing close attention from crypto speculators and investors alike, with many anticipating a positive trajectory. If you’re exploring opportunities in the crypto space, consider reading up more on Bitgert and its upcoming developments.

 

To know more about Bitgert, Visit https://bitgert.com



Buy Bitgert coin from the below exchanges now!

 

Buy on Kucoin – BRISE/USDT

Buy on Gate.io – BRISE/USDT

Buy on Pancakeswap

Buy on Uniswap



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