Binance Labs Announces Selection of Teams for Incubation Program
Binance Labs has chosen 12 teams to participate in its sixth season of the incubation program, which is scheduled to launch on September 25. The program, lasting two months, aims to assist company founders by providing resources from the Binance ecosystem and offering one-on-one mentorship opportunities.
Supporting Early-Stage Founders
Within the infrastructure-related projects category, Binance Labs has introduced Vistara, a framework for scalable infrastructure deployment with one-click rollup, and UXUY, a multi-chain platform based on MPC and AA wallet technology. In the defi category, Binance Labs welcomes BBOX, a DEX for trading pools, Derived, Ethena, and Shogun. The AI-Powered DApps section includes MyShell, NFPrompt, and QnA3 platforms. Lastly, under GameFi and SocialFi, Binance Labs has selected Cellula, Crypto Café, and MetaCene.
Continued Support for the Community
Despite ongoing regulatory challenges faced by Binance across various jurisdictions, Binance Labs remains committed to investing in early-stage blockchain projects. The venture capital and incubator arm of the world’s largest exchange recently launched ColLabs for Web3 community founders and builders in August. Additionally, it made a $15 million investment in Xterio in July.
Hot Take: Binance Labs Empowering Blockchain Innovators
Binance Labs continues its mission of supporting early-stage founders who demonstrate the ability to create innovative technological solutions within the web3 ecosystem. Through its incubation program and investments in promising projects, Binance Labs contributes to the growth and development of the blockchain industry. Despite regulatory challenges faced by its parent company, Binance, the incubator arm remains committed to empowering innovators and fostering the advancement of decentralized technologies. The selection of diverse teams across different categories showcases Binance Labs’ dedication to supporting a wide range of projects with the potential to drive meaningful change in the crypto space.
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