BNB Chain, the blockchain for crypto exchange Binance and
Gross domestic product
, launched its latest developer-led initiative targeting European developers to build and scale decentralized applications (DApps) on the web.
The three-week virtual ‘Innovation Incubator’ program targets Web3 startups with at least one major shareholder residing in the European Union (EU). Those accepted into the program are mentored by industry and BNB network experts in designing Web3 tokens and marketing strategies.
The incubator will host exclusive meetings in cities across the continent such as Lisbon, Paris, Berlin, Barcelona, Warsaw and London.
According to Zoya Wei, Senior Business Director at BNB Chain, the network aims to support European Web3 startups that are looking at accessibility and scalability to drive toward broader adoption.
“Our goal is to help European builders adopt these core principles early on to increase the number of users over the long term.”
At least 17 organizations with a regional presence participate in the incubator to support the developers. Among them is Jump Crypto, which claims that community knowledge sharing will power the next generation of DApps.
A Jump Crypto spokesperson said:
“Crypto is a community and we believe that knowledge sharing and collaboration help build a stronger, more flexible and more advanced crypto system as a whole.”
Members also receive on-chain rewards such as a 100% gas payment incentive for a month and a “strong referral” to the BNB Chain’s pre-existing “Most Valuable Builder” program.
Developers can apply from October 10 to 23 with a three-week incubation period from November 21 to December 15.
Related: No Bear Market Issue for Binance Labs DeFi Incubation Program
The European incubator is BNB Chain’s latest developer support and Web3 training initiative. The network recently announced a major partnership with Google Cloud to provide members of the ecosystem with access to the Google Cloud service to help expand the network.
In August, BNB Chain also partnered with an educational platform in Latin America to develop a Web3 and blockchain course for thousands of students in the region.
This latest announcement comes after the network was hit by a multi-million dollar multi-chain exploit on October 6.
The network briefly suspended all deposits and withdrawals on the network until the auditors check their statuses, and is back online a few hours later.