Born in 2017, Binance is the world’s largest exchange by trading volume. Three years after its inception we witnessed the creation of BNB chain. BNB chain came to life after the merger of Binance Chain & Binance Smart Chain (BSC). Its native token BNB, which stands for “Build and Build” is used to pay for the gas fee.
Fast forward to today, BNB chain has become one of the leading decentralized, scalable and EVM-compatible blockchains with a growing ecosystem. This post will look at the top partnerships that are helping the chain establish its dominance in the blockchain industry. Let’s explore –
1. BNB Chain Partnership with Google Cloud:
BNB Chain partnered with Google Cloud to support the growth of early-stage blockchain and web3 startups. Google Cloud will further help the existing projects on BNB Chain by allowing them access to its services.
BNB chain support over 1300 active Dapps
Projects on the BNB chain can access Google Cloud infrastructure including on-chain data analysis and more. Apart from collaborating with BNB chain, Google Cloud is also one of the council members of Hedera, you can check its role by looking at Hedera Hashgraph partnerships.
2. OpenSea support BNB Chain:
OpenSea is one of the largest NFT marketplaces in the world. It has recorded over 200K transactions per day during the peak of bull run in 2021. Unfortunately, at that time BNB wasn’t supported by OpenSea.
In December 2022, OpenSea announced that it will support BNB chain on its platform. It’s welcoming news for NFT artists, creators and collections since they will be able to publish and trade BNB-based NFTs directly in OpenSea.
Binance also has its own NFT marketplace for NFT users
3. BNB Chain partnership with Bondly:
Bondly is the industry leader in the digital assets and collectible space related to DeFi and NFTs. The parties joined hands in 2020, to bring Bondly Collectible Card Game (BCCG) to Binance smart chain.
BCCG is an NFT-based, collectible card game which helped spread the adoption of NFTs in the BNB ecosystem. The game NFTs are also available on OpenSea marketplace. It was one of the first steps taken by Binance Smart Chain to connect the community with the NFT ecosystem.
The partnership was inked in 2020 while the NFT boom happened in 2021. This deal must have educated many early adopters in the NFT space and may have helped them mint good income by understanding the utility of NFTs prior to their peers.
4. Partnership with PancakeSwap:
PancakeSwap is the leading decentralized exchange on BNB chain. It allows users to swap BEP2/ BEP20 tokens and provide liquidity to the platform. In return, the liquidity providers are rewarded with CAKE tokens.
BNB Chain has an ongoing relationship with PancakeSwap. Both parties collaborated to bring crash prizes through Easter campaign & a Do2Earn initiative worth $25,000. Moreover, Binance Labs has also made a strategic investment in PancakeSwap.
These are some of the BNB chain partnerships. I will keep on updating this post with time. In the next post, I will talk about top 5 promising blockchains & Immutable X partnerships. If you’re a fan of blockchain technology then do share this post on your social handles and educate everyone around you. Remember to subscribe to my YouTube channel for more informative content, released every week.
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Paras is a blockchain writer & video creator at Katoch Tubes. In his free time, he loves watching space exploration documentaries & Hollywood movies.