Binance Labs, the $10 billion venture capital and incubation arm of crypto exchange Binance, has invested in seven startups from its incubation Season 6 program.
The seven startups are Ethena Labs, a developer of synthetic dollar protocols; Derivio, a zkSync-based decentralized derivatives exchange; Shogun, an intent-driven DeFi protocol that aims to maximize the trader’s extractable value; UXUY, a decentralized trading platform; Cellula, an on-chain autonomous developer of life simulation strategies; NFPrompt, an AI-powered web3 platform for user-generated content; and QnA3, an AI-powered Web3 knowledge sharing platform, Binance Labs said Friday. It did not disclose investment amounts in the seven startups.
This marks the conclusion of the Season 6 program that began last December. The incubation program initially included twelve startups, but ultimately invested in seven. A spokesperson for Binance Labs told The Block that the company does not invest in all startups it incubates, noting that the incubation is intended to support founders, with investments not guaranteed.
For example, Binance Labs’ Season 5 incubator invested in five startups last year, including zkPass, Mind Network and DappOS, out of a total of twelve it selected first.
Binance Labs incubation season 7
The season 7 schedule will be launched soon. “We are currently looking for forward-thinking founders of early-stage projects to join the program,” Binance Labs said, adding that the application process “will be continuously open.”
A significant number of projects are signing up for Binance Labs’ incubation programs. Binance Labs said the Season 6 program received “hundreds” of applications and ultimately selected 12 startups, or about 3% of the applications.
Binance Labs recently expanded its investing activities, supporting the Bitcoin staking protocol Babylon and Ethereum are resuming the Renzo and Puffer Finance protocols this year.
Last year, Binance Labs accepted its first outside capital when it closed a $500 million fund. However, the company began returning undeployed capital to Limited Partners. LPs initially invested a total of $150 million in the fund, and Binance Labs returned nearly half of that amount, as The Block reported last November.
Wonderful beat ! I wish to apprentice while you amend your web site, how can i subscribe for a blog web site? The account aided me a acceptable deal. I had been a little bit acquainted of this your broadcast offered bright clear concept
It is in point of fact a great and helpful piece of information. I am glad that you simply shared this helpful info with us. Please keep us informed like this. Thanks for sharing.
Thanks a lot for giving everyone an exceptionally wonderful chance to check tips from here. It is often very ideal and as well , full of a great time for me personally and my office peers to visit your web site really 3 times per week to read through the latest tips you have. And of course, we’re actually amazed considering the magnificent solutions served by you. Some two ideas in this article are in fact the most beneficial I have ever had.
Keep up the excellent work, I read few articles on this internet site and I think that your website is rattling interesting and holds circles of fantastic info .
can you buy generic clomid prices where can i buy clomiphene tablets how to get generic clomid without dr prescription clomiphene cycle cost of clomid no prescription how to get clomid no prescription cost cheap clomiphene without rx
Good blog you be undergoing here.. It’s obdurate to find great worth writing like yours these days. I justifiably comprehend individuals like you! Take care!!
The thoroughness in this section is noteworthy.
buy azithromycin 500mg pill – order zithromax generic flagyl price
buy semaglutide pills – semaglutide 14 mg price order cyproheptadine for sale
I am lucky that I found this weblog, precisely the right info that I was searching for! .
motilium for sale – cyclobenzaprine for sale cyclobenzaprine order
brand amoxil – buy valsartan online buy combivent 100 mcg pill
zithromax online – brand nebivolol 20mg order nebivolol 5mg generic
how to buy augmentin – https://atbioinfo.com/ ampicillin online buy
nexium 40mg capsules – https://anexamate.com/ nexium cost
order medex pill – https://coumamide.com/ buy generic cozaar for sale
purchase meloxicam generic – https://moboxsin.com/ purchase mobic generic
Great write-up, I am normal visitor of one’s site, maintain up the excellent operate, and It’s going to be a regular visitor for a long time.
deltasone 40mg ca – corticosteroid order generic prednisone 20mg
buying ed pills online – buy cheap generic ed pills best natural ed pills
order amoxicillin without prescription – combamoxi.com order amoxil
cheap diflucan 100mg – order forcan generic forcan brand
buy cenforce sale – order cenforce 100mg online cheap buy cenforce cheap
cialis prices at walmart – https://ciltadgn.com/ best place to buy generic cialis online
where to buy tadalafil online – order cialis from canada cialis for sale over the counter
zantac 300mg uk – https://aranitidine.com/ zantac 150mg cheap
You made certain fine points there. I did a search on the subject matter and found most folks will agree with your blog.