Author: Golden Finance cryptonaitive
On June 20, 2023, Binance Labs, the venture capital and incubation arm of Binance, announced its investment in the five best-performing projects in its fifth-quarter incubation program: Bracket Labs, DappOS, Kryptoskatt, Mind Network, and zkPass. These five projects cover various areas of Web3, including DeFi, infrastructure, tools, and middleware.
It is reported that more than 900 projects applied to participate in the Binance Labs Season 5 incubation program, and less than 2% of the projects were accepted. Throughout the entire incubation process, the Binance Incubator team provides one-on-one guidance to the selected projects, helps the incubation projects create viable products, and conducts in-depth evaluations to form final investment decisions. Binance Labs also announced that its Season 6 incubation program will be launched soon, and the application process will be open soon.
Here is a list of the five projects that Binance Labs has recently incubated and invested in:
Bracket Labs
Official website: https://bracketlabs.fi/
Bracket Labs, a project building leveraged structured products on-chain with a simple interface and innovative adaptive pricing that greatly improves usability, has launched BracketX.fi, a platform that helps traders quickly take advantage of volatility in sideways and trending market conditions.
DappOS
Official website address: https://dappos.com/
DappOS is a project focused on building an operational protocol that lowers the barrier to entry into Web3 by creating solutions that increase the usability and accessibility of Web3 applications.
Crypto tax
Official website: https://kryptoskatt.com/
Kryptoskatt is a project that simplifies Web3 finance for users around the world, providing a comprehensive set of solutions including accounting, portfolio management, and tax reporting. Kryptoskatt supports more than 2,000 DeFi protocols, more than 100 exchanges and wallets, and more than 50 blockchains, making it a one-stop shop for all Web3 financial needs.
Mind Network
Official website: http://mindnetwork.xyz/
Mind Network is a fully encrypted network built on a patented adaptive fully homomorphic encryption (FHE) framework to protect all user data, smart contracts, and AI on Web3. It is used as a decentralized privacy-preserving data lake, providing encrypted high-performance on-demand pay-per-use data storage and computing.
zkPass
Official website address: https://zkpass.org/home
zkPass is a Web3 composable, privacy-preserving decentralized authentication solution based on multi-party computation (MPC) and zero-knowledge proof (ZKP) technologies. zkPass aims to provide a secure and privacy-preserving authentication solution for Web3 applications using the latest cryptographic technology.
For more details about zkPass, please refer to Golden Finance’s previous report: Detailed explanation of zkPass, the winner of Binance Build the Block finals.