Top BNB Chain News august week 3

In order to better inform our readers, we’ve put together a summary of the most significant BNB ecosystem updates from the third week of August.

This week’s summary of BNB Chain updates includes details on the upcoming Web3 Stars Accelerator in Vietnam. We also include additional news from the BNB ecosystem.

1. The Web3 Stars Accelerator from BNB Chain is Coming to Vietnam

BNB Chain launched its first Web3 Stars accelerator in Vietnam. It’s important to say that BNB Chain is expanding to Vietnam and is looking for projects that are ready to take the next step. The registration time for projects interested in participating will last one week, from August 12th to August 20th.


Moreover, this accelerator program will be used to highlight Vietnam’s very strong developer community.  The program will choose 10 Vietnamese crypto projects to participate in the incubation phase. Also, there is the opportunity to split a $ 50,000 grant after the completion of the incubation phase. dApps must be capable of expanding a wide range of utilities such as:

  • Fuel tariff reductions
  • Exclusive access to the ecosystem of BNB Chain partners
  • Participate in the incubator Most Valuable Builder and the upcoming BNB Chain Hackathons.
2. Binance Labs Revealed a Strategic Investment in Ankr Protocol

On the other hand, Binance’s investing firm, Binance Labs, has made a strategic investment in Ankr. Binance’s venture capital and accelerator are backing Ankr in response to the latter’s major open-source contributions to the BNB Chain, BNB Liquid Staking, and continuous support for the ecosystem. Ankr developed BNB Chain’s core infrastructure including:

  • Erigon upgrades
  • Archive Node upgrades
  • BNB Application Sidechain (BAS) scalability solution.

In addition, the Erigon improvement lowered storage needs by 75% while increasing the RPC request rate by tenfold. It also added to the BNB Chain ecosystem with BNB Liquid Staking. Liquid Staking provides BNB token holders with a variety of alternatives for earning DeFi with their assets, including the possibility to combine strategies such as staking, farming, and lending.

Finally, Ankr is a well-known provider of Web3 infrastructure. In a nutshell, the protocol operates in the background, but it enables the use of decentralized applications, wallets, and crypto-based games. It connects them to the blockchains with which they must communicate.

3. ApeSwap will Collaborate with Floki to Implement the FlokiFi Locker Protocol

ApeSwap, a leading BSC DEX, and DeFi platform have announced a strategic partnership with Floki. It has agreed to use Floki’s recently developed, revolutionary crypto locker solution FlokiFi Locker to secure Liquidity Pool (LP) tokens of projects listed on its site.

Therefore, with this collaboration, ApeSwap will use the FlokiFi Locker as its primary mechanism for locking LP tokens of projects that launch on its premium launchpad platform. ApeSwap will also offer FlokiFi Locker as the best LP locker solution for projects that list on its platform. ApeSwap receives 10-15 organic listing requests each day.

In addition, this collaboration brings two industry innovators with the same ideals together to contribute to each other’s growth as well as the development of the larger industry ecosystem.

4. RoaoGame Integrates Chainlink VRF

RoaoGame has implemented Chainlink Verifiable Random Function (VRF) on the BNB Chain mainnet. It has got entry to the tamper-proof and auditable source of randomness. It is needed to help determine football game results and NFTBOX lucky drawings.

Moreover, ROAOGames is ROAO LIMITED’s first blockchain game. In-game participation in RoaoGames requires the use of the ROAO limited-issue player NFT and a shoe NFT. Players will require 11 players’ NFTs and 11 pairs of shoe NFTs to participate in the team mod. So, as long as they participate, players have a chance to win random prizes.

Finally, Chainlink VRF generates a random number and a cryptographic proof by mixing block data that is still unknown when the request is made with the oracle node’s pre-committed private key. Only inputs with valid cryptographic proof will be accepted by the RoaoGame smart contract. Therefore, this gives users automatic and verifiable assurances that game results are provably fair and that there is no manipulation.

We hope you’ve learned from the latest BNB Updates.

⬆️In addition, for more cryptocurrency news, check out the Altcoin Buzz YouTube channel.

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The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by Binance. Copyright Altcoin Buzz Pte Ltd.


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