The BNB Chain community has invited Terra developers to migrate or create new decentralized applications on Binance’s native blockchain.
The initiative has come shortly after stablecoins UST and LUNA have plummeted.
Terra’s team of developers has been promised access to the crypto exchange’s community and partner companies.
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Developers can also receive funding from the BNB Chain fund in the amount of $1 billion and count on various grants. In addition to that, network support, marketing, business development assistance and tokenomics.
In addition, the community has also been reminded of the upcoming blockchain upgrade with the arrival of BAS (side-chains for applications) and ZkRollup.
The number of validators in the network is also expected to double from 21 to 42 in the future.