Key takeaways
The Binance Labs Incubation Program is a blockchain-agnostic initiative that aims to empower innovative blockchain projects to shape the future of Web3.
As part of the fifth edition of its incubation program, Binance Labs has invested in five promising projects. The selected projects evolve in various sectors of Web3 and focus in particular on DeFi, infrastructure, tools and middleware.
Binance Labs, the venture division and accelerator of Binance, has invested in the five top-performing projects in Season 5 of its accelerator program. More than 900 projects applied to take part in this season, but only 2% of them were admitted to the program. The latter's content has been tailor-made to meet the needs of founders and complemented by exclusive resources related to the ecosystem as well as informal discussions with market leaders.
“Binance Labs continues to support young, scalable projects that help drive the industry forward. We look forward to seeing the positive impacts in the overall Web3 ecosystem that projects participating in Season 5 of our incubation program will have,” said Yibo Ling, Chief Commercial Officer of Binance.
Throughout the incubation process, the Binance Labs team provided one-on-one support to help the program's projects create viable products and conducted in-depth evaluations to make a final investment decision. Season 5 contestants were able to pitch their ideas in front of an audience of industry leaders and investors at Build the Block, the first-ever idea pitching competition in the Metaverse where five Exceptional projects have landed an investment from Binance Labs. Here they are :
Bracket Labs is a project that designs structured leveraged products on the blockchain with simple and innovative interfaces, and which offers adaptive pricing to significantly improve their ease of use. Bracket Labs is behind BracketX.fi, a platform that helps traders quickly profit from the volatility of sideways moves and market trends.
DappOS is a project focused on creating an operating protocol that facilitates access to Web3 by creating solutions that improve the usability and accessibility of Web3 applications.
Kryptoskatt is a project that simplifies finance on Web3 for users around the world with a comprehensive range of solutions including accounting, portfolio management and tax reporting systems. Kryptoskatt supports over 2,000 DeFi protocols, over 100 exchanges and wallets, and over 50 blockchains, presenting itself as a one-stop-shop that meets all the financial needs of Web3 internet users.
Mind Network is a fully encrypted network built on an adaptive Fully Homorphic Encryption (FHE) framework that protects all user data, smart contracts and AI on Web3. This framework is applied as a privacy-protecting decentralized data lake that offers high-performance, pay-per-use computing and data storage services.
zkPass is a decentralized, composable, privacy-protecting identity verification solution created for Web3, powered by multi-party computation (MPC) and Zero-Knowledge proof technologies. zkPass aims to provide a secure and privacy-preserving identity verification solution for Web3 applications using the latest advancements in cryptography technology.
Binance Labs Season 6 is coming soon
Don’t miss the Binance Labs Incubation Program Season 6 kickoff! We are currently looking for visionary founders of projects still in their early stages. Applications to participate in the sixth season will be opened gradually: subscribe to our Twitter account to be informed as soon as it is possible to apply!
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