Allo is thrilled to announce that we have been named a winner in the second round of the BNB Incubation Alliance (BIA), a prestigious initiative aimed at accelerating the growth of blockchain projects. The announcement was made following TOKEN2049 in Singapore, where Allo founder, Kingsley Advani, participated at the BIA main stage event.

This recognition is part of BNB Chain’s ongoing mission to empower and nurture blockchain projects through its robust support system. With Allo’s inclusion, we are aligned with BNB Chain’s vision of driving the future of Web3 and scaling to mainstream adoption.

Acceptance into BNB MVB Program

Being selected as a winner in the BIA is a significant achievement. A panel of judges from leading organizations such as BNB Chain, Binance Labs, Dragonfly, IOSG, IDG, Animoca Brands, Framework, Spartan Group, Harvard Blockchain, and more carefully selected Allo as a top-tier project.

As a result of this win, Allo will be fast-tracked into BNB Chain’s exclusive Most Valuable Builder (MVB) program. The MVB program offers unparalleled support, including access to the Launch-as-a-Service (LaaS) package, with services worth up to US$300,000. This support will be instrumental as we continue to expand our offerings and integrate new capabilities into the Allo ecosystem.

BNB Incubation Alliance: A Launchpad for Web3 Innovation

The BNB Incubation Alliance offers essential resources that will enable Allo to achieve sustainable growth within the blockchain ecosystem. This is a part of BNB Chain’s extensive builder support program, which provides help at all stages of project development:

BNB Chain’s vision extends beyond mere financial support, aiming to guide projects like Allo to real-world business success. Their goal is to onboard the next billion users into the Web3 space by helping projects cross the chasm from niche blockchain use cases to mainstream adoption.

Allo’s Vision: Leveraging BNB Chain for a Decentralized Future

At Allo, we’re excited to leverage BNB Chain for expanding our impact in the blockchain space. Recently, Allo secured a $100 million Bitcoin-backed lending facility, allowing us to introduce BTCB-wrapped Bitcoin on BNB Chain. This makes it easier to mint and stake alloBTC while allowing users to borrow against their holdings.

Additionally, Allo has already deployed $2.2 billion in real-world assets (RWA) on BNB Chain’s mainnet, across 25,000 transactions on Allo’s RWA Marketplace. Our platform facilitates the seamless integration of real-world assets with blockchain infrastructure, enabling global investors to stake Bitcoin and earn rewards through partnerships with Babylon, Bitlayer, and other protocols.

A Step Closer to Web3 Mass Adoption

The future of decentralized finance, real world asset adoption, and Bitcoin staking is bright, and Allo is positioned to lead the charge, now with the backing of BNB Chain and Binance.

We’re incredibly grateful to BNB Chain and the esteemed panel of judges for this recognition, and we’re excited to take the next steps towards transforming the Web3 landscape. Stay tuned for more exciting updates as Allo continues to shape the future of decentralized finance!

Disclaimer: The information provided in this document does not, and is not intended to, constitute legal, tax, investment, or accounting advice; instead, all information, content, and materials available are for general informational or educational purposes only and it represents the personal view of the author. Please consult with your own legal, accounting or tax professionals. This post is for informational purposes only and contains statements about the future, including anticipated product features, development, and timelines for the rollout of these features. These statements are only predictions and reflect current beliefs and expectations with respect to future events; they are based on assumptions and are subject to risk, uncertainties, and changes at any time. There can be no assurance that actual results will not differ materially from those expressed in these statements, although we believe them to be based on reasonable assumptions.