Binance Labs announced 12 projects approved for incubation round season 6

After carefully reviewing applications,Binance Labshas selected 12 “gem” projects to participate in its 6th incubation program, expected to start on September 25, 2023.

We’re excited to welcome the Season 6 Incubation Program cohort🎉

🔸Infra – @vistaralabs @uxuycom
🔸DeFi – @bboexchange @derivio_xyz @ethena_labs @shogunfi
🔸AI-Powered DApps – @myshell_ai @nfprompt @qnaweb3
🔸GameFi/SocialFi – @cellulalifegame @CryptoCafeio @MetaCeneGame

Get… pic.twitter.com/UWwwLEwUYT

— Binance Labs Fund (@BinanceLabs) September 21, 2023

The list of projects from many fields selected by Binance Labs to participate in season 6 includes:

The infrastructure

• Vistara- integrated deployment framework designed and managed infrastructure, scalable across different execution environments.

• UXUY- a multi-chain platform based on MPC and AA wallet technology with centralized features, minimizing barriers to entry for decentralized trading.

DeFi

• BBOX- a perp DEX initially launched on Linea, capable of quickly creating trading pools for multiple asset types, while also providing advanced yield strategies for liquidity providers.

• Derivation- a decentralized structured derivatives ecosystem on zkSync, aimed at unlocking the full potential of DEX for users, developers and institutions.

• Athena- a derivatives infrastructure provider that uses ETH to secure stablecoins, promising to become the first crypto-profitable project without dependence on the banking system.

• Shogun- originally launched on Cosmos, is a on-chain command flow aggregator and smart liquidity router for modular networks.

AI-powered DApps

• MyShell- AI-powered Web3 chatbot platform featuring proprietary AI and TTS (text-to-speech) models and modular design. It allows users to create, share, and monetize AI robots, each with its own voice, memory, and dialogue style.

• NFPrompt- AI-powered platform with multimodal proprietary models including text to image/video/music, allowing users to easily create NFT content, vote, and earn rewards from campaigns Art translation sponsored by Web3 projects.

• QnA3- AI-powered Web3 knowledge sharing and search platform. With its own proprietary data lake, QnA3 empowers users to easily access Web3 information and knowledge.

GameFi/SocialFi

• Cell- a fully on-chain automated life simulation strategy game on Ethereum, offering composability, transparency, and persistence.

• Crypto Café- a learn-to-earn platform dedicated to blockchain and cryptocurrency topics, with the aim of lowering the barrier to entry for users with little exposure to digital assets.

• MetaCene- The first Web3 original MMORPG to support easy access for mainstream gamers.
  

Last season, Binance Labs received 900 projects registered to participate in the incubation round, but only 12 projects were selected for the review and final round.Only 5 projects were invested. Shows the severity and strict criteria of the program.

According to the latest announcement, Binance Labs said it will continue to review the documents to prepare for Incubation Program season 7. Interested readers can follow Binance Labs’ Twitter to be notified of season 6 results and updates. latest update.

As AZC News reported,Binance Labs establishes an investment fund worth 500 million USDin June 2022 with the aim of incubating and supporting fledgling projects. The community also often relies on Binance Labs’ investment list to find early investment opportunities in potential projects because they trust the fund’s vision.