Binance Labs, Binance's venture capital and incubation subsidiary, successfully concluded the sixth season of its Incubation Program, investing in seven top-tier projects: Cellula, Derivio, Ethena, NFPrompt, QnA3, Shogun, and UXUY.
The 2-month incubation initiative, which began in December 2023, provides early-stage founders with one-on-one mentorship from the Binance Labs Investment team. It also grants access to resources and experts within the Binance ecosystem.
Addressing the development, Binance Labs' Head and Binance Co-Founder Yi He asserted: "Our goal is to support serious early-stage founders. Our support spans across chains and ecosystems for projects committed to enduring development across several sectors."
The six incubated projects break down as follows:
In DeFi:
- Derivio: A zkSync-based decentralized structured derivatives ecosystem
- Ethena: An infrastructure provider transforming ETH into a crypto-native yield-bearing stablecoin
- Shogun: An intent-centric protocol optimizing order flow and chain abstraction
In Infrastructure:
- UXUY: A multi-chain platform with intent-centric features, reducing entry barriers to decentralized trading
In Application Layer:
- Cellula: An On-chain life simulation strategy game
- NFPrompt: An AI-powered platform designed for Web3 creators, supporting AI-creation, social communities, and commercialization
- QnA3: An AI-enhanced Web3 knowledge sharing and search platform
