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.
With a wealth of innovative talent in Vietnam, #BNBChain's Accelerator Program is designed to help teams develop their products 🇻🇳
Find out how you can get involved by becoming a Web3 Star and propelling your project.
Learn of how you can sign up here ⤵️https://t.co/OY01ybbK1c
— BNB Chain (@BNBCHAIN) August 12, 2022
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.
Welcome @ankr to the #Binance Labs Family!
ICYMI — Ankr is a decentralized infrastructure and cross-chain staking DeFi platform that aims to make Web3 accessible for everyone.https://t.co/hvtYv43xGJ
— Binance Labs Fund (@BinanceLabs) August 11, 2022
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.
ApeSwap to Partner with #Floki to Use the #FlokiFi Locker Protocol#ApeSwap is a leading #BNBChain DEX and DeFi protocol with $113 million in TVL ($663 million peak TVL during the bull market) and Total Trade Volume of $17.3 billion.
Read more 👇https://t.co/tZvvx0Yxuz pic.twitter.com/RjL3608xYD
— FLOKI (@RealFlokiInu) August 9, 2022
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.
📢 @RoaoGame an online, football-themed game that enables users to earn in-game rewards while playing the game has integrated #Chainlink VRF on #BNBChain mainnet to help determine random game results & blind box draws.
More info👇https://t.co/geXrboEz4s#BNB #GameFi $BNB $LINK pic.twitter.com/U4UoVHasM9
— BNB Swap (@BNBSwap) August 9, 2022
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.
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Disclaimer
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.
