A quick look at the 7 projects that received investment from Binance Labs in the 6th quarter of Binance Labs Incubator

Written by: 0xxz@金财经

On March 8, 2024, Binance Labs, the venture capital and incubation arm of Binance, announced the end of the sixth season of its incubator, with the seven best-performing projects Received investment from Binance Labs.

Binance Labs Incubator Season 6 launches in December 2023 for 2 months and is designed to provide early-stage founders with one-on-one mentoring from the Binance Labs investment team, as well as access to the entire coin An ecosystem of resources and expert support. Hundreds of projects applied to participate in Season 6, and 3% were selected.  

The following is a brief introduction to these 7 investment projects:

Decentralized Finance 

• Derivio: A decentralized structured derivatives ecosystem on zkSync designed to unleash the full potential of DEX for users, builders and institutions.

• Ethena: is a derivatives infrastructure provider working to transform ETH into the first crypto-native yield stablecoin that does not rely on the banking system.

• Shogun: is an intent-centric protocol designed to maximize traders’ extractable value (TEV, trader extractable value).

Infrastructure

• UXUY: a multi-currency wallet based on MPC and AA wallet technology On-chain platform with intent-centric functionality that minimizes barriers to entry for decentralized exchanges.

Application layer:

• Cellula: It is a completely autonomous life on the chain Simulation strategy game that offers composability and persistence.  

• NPFrompt: is an artificial intelligence-driven UGC platform designed for the new generation of Web3 creators, including all emerging standards such as NFT, inscription and 404. NPFrompt is an all-in-one platform that powers artificial intelligence creation, social community, and commercialization.

• QnA3: An AI-driven Web3 knowledge sharing and search platform. With its own proprietary data lake, QnA3 makes it easy for users to access Web3 information and knowledge with just one click.

In addition, Binance Labs also announced the upcoming launch of the incubator Season 7.