Terra developers continue to try their best to save what were formerly top 10 crypto projects. However, many developers are leaving the formerly famed projects and have started exploring new options. The world’s largest crypto exchange, Binance, could not let such a good opportunity get passed. Binance has begun recruiting more active developers to join its BNB Chain “builders” team. On May 17, an announcement was made to help “Terrans” financially and in terms of infrastructure.
In that statement, BNB Chain pledged particular support for projects migrating from the Terra blockchain. This includes marketing, business and token development, community expansion support, and investment from the $1 billion BNB Chain fund. By attracting developers from previously promising crypto projects, Binance will be able to grow its line of dApps developed on the BNB Chain, which will result in a rise in the number of active users and the blockchain’s popularity.
Gwendolyn Regina, the investment director at BNB Chain, echoed this sentiment, saying that the company is eager to help “Terrans to create the next wave of innovative crypto dApps.”
One of the first projects to accept the offer was Stader Labs, who stated that they are honoured to be a part of the BNB Chain family. The liquidity provider has set a goal of 1 billion customers and expressed confidence in the BNB chain’s growth to enable it to meet that objective.
Despite some emotions of sympathy for Terra’s honest and industrious workers, the competition for domination in the Web3 arena has gotten even hotter and more exciting.
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