TL;DR
- Binance Labs invests in seven emerging projects in DeFi, infrastructure and AI.
- Derivio, Ethena and Shogun are some of the selected projects.
- They announce the upcoming incubation season, encouraging new founders to apply.
Binance Labs, the venture capital and incubation arm of Binance, has concluded its sixth incubation season with the selection of seven promising projects.
During this two-month program, which began in December 2023, Binance Labs provided personalized mentoring and access to resources from the company ecosystem to founders of emerging projects.
Among the selected projects are innovators in key areas such as DeFi, infrastructure and applications based on artificial intelligence.
For example, Derivio seeks to unlock the potential of decentralized structured derivatives, while Ethena is working to transform ETH into a native cryptocurrency stablecoin.
Shogun, for its part, focuses on maximizing extractable value by traders through an intent-centric protocol.
Additionally, the company is committed to continuing to support graduates of its incubation programs by hosting events and providing exposure to investors through the Incubation Showcase.
This initiative allows emerging projects to present their proposals and connect with potential partners and investors.
The next season of the Binance Labs Incubation Program is underway
Founders of early-stage projects are invited to apply.
The continued openness of the application process provides flexibility to entrepreneurs interested in participating in the program.
Binance Labs investment in emerging projects is part of a broader effort to foster innovation and growth in the blockchain ecosystem.
With a diverse portfolio spanning over 250 projects from over 25 countries across six continents, the company has demonstrated an impressive ROI of over 14X.
Binance Labs commitment to supporting promising early-stage projects, its focus on diversity and innovation within the blockchain ecosystem, and its continued drive to encourage the development and adoption of Web3 are highlights of the conclusion of the sixth Binance Labs Incubation Program season.
