A quick look at Binance Labs’ 12 incubation projects in Season 6

avatar
PANews
09-22
This article is machine translated
Show original

On the evening of September 21, Binance Labs announced 12 incubation projects for the sixth season, including infrastructure, DeFi, AI-driven DApp, and GameFi/SocialFi. The sixth season of the incubation program will launch on September 25, 2023, and will feature a two-month comprehensive course to provide founders with resources and 1:1 guidance on the Binance ecosystem.

Infrastructure

Vistara

A one-click rollup deployment framework for designing and managing scalable infrastructure across disparate execution environments. Its design of application-specific rollup, testing, iteration, and deployment in a modular ecosystem takes just minutes, making it a seamless experience for any developer to write, build, test, fail, iterate, and succeed.

A quick look at Binance Labs’ 12 incubation projects in Season 6

UXUY

A decentralized multi-chain trading platform based on MPC and AA wallet technology. UXUY's GasPool function is a universal Gas solution developed by it. After the user selects the GasPool payment option during the transaction, the system will automatically use the cryptocurrency in the GasPool to pay for Gas fees. It can simplify users' trading operations when using DEX, and they can trade without understanding the complex Gas mechanism.

According to the UXUY project team, it has received investment from Bixin Ventures, Waterdrip Capital, KuCoin Ventures, Pionex, LK Ventures, Arcane Group, Daoverse Capital, Lapin Digital and MEXC Ventures. UXUY currently supports 8 public chains: including Ethereum, BNB Chain, Tron, Arbitrum, Polygon, Avalanche, Fantom and Optimism.

A quick look at Binance Labs’ 12 incubation projects in Season 6

DeFi category

Derivio

A decentralized structured derivatives ecosystem on zkSync, Derivio has built a liquidity-as-a-service derivatives model with a focus on execution and pool security in order to scale it to create new markets that offer better risk hedging. The first product Derivio plans to release is perpetual digital options trading, offered in a liquidity-as-a-service model. After launching on zkSync, Derivio plans to launch on blockchain projects implementing the zkEVM network and NEAR.

A quick look at Binance Labs’ 12 incubation projects in Season 6

BBOX

A decentralized exchange based on Linea can quickly create trading pools for a wide range of assets while providing advanced income strategies for liquidity providers. The project party has not publicly disclosed relevant information.

Ethena

A derivatives infrastructure provider working to transform ETH into USDe, the first crypto-native yield stablecoin that does not rely on the banking system. USDe is fully collateralized on-chain and maintains stability via delta-hedged ETH collateral on centralized and decentralized exchanges; Ethena’s second product will be built on USDe’s foundation by capturing stETH yields and futures market fundamentals Top: The Internet Bond.

Ethena has completed a $6.5 million seed round led by Dragonfly, with support from crypto derivatives exchanges such as Deribit, Bybit, OKX, Gemini and Huobi, as well as BitMEX founder Arthur Hayes and his family office Maelstrom.

A quick look at Binance Labs’ 12 incubation projects in Season 6

Shogun

A chain-agnostic order flow aggregator and smart liquidity router for modular networks, initially launched on Cosmos cross-chain. Shogun optimizes user experience through order flow aggregation and intelligent liquidity routing on an asynchronous network. Its flagship product DIMM (Decentralized Interchain Market Maker) uses IBC and Interchain Accounts (ICA) to run automated logic for dynamic rebalancing strategies, leveraging any available on-chain liquidity for hedging.

A quick look at Binance Labs’ 12 incubation projects in Season 6

AI driven DApp class

MyShell

AI-based Web3 chatbot platform with proprietary AI and TTS (text-to-speech) models and modular design. It enables users to create, share and monetize artificial intelligence bots, each with a unique voice, memory and conversational style.

MyShell provides a variety of registration methods. Users can use the Web3 wallet, use the Web2 account system, or register directly through email + verification code. After successful registration through non-Web3 methods, the system will automatically assign an ETH custody wallet to the registered user. Currently users can send texts and messages to the bot, with a maximum message length limit of 500 characters and an audio message termination limit of 90 seconds. MyShell members are divided into three categories: default ordinary members, premium members and the highest level of Creation Pass. Different levels correspond to different rights and interests. The Creation Pass NFT is limited to 10,000 pieces and can be purchased on Opensea.

NPFrompt

NFP (Non-Fungible Prompt) is an AI-driven UGC platform with a multi-modal proprietary model, including text to image/video/music models, allowing users to easily create NFT content, vote and receive rewards from art activities sponsored by the Web3 project . Its model uses Midjourney v5 and Stable Diffusion. The project team is currently exploring and developing its own model to better support NFT art creation. NFP plans to launch the Artwork Editor tool in the future, allowing users to further customize it within the application before releasing NFT on the chain.

A quick look at Binance Labs’ 12 incubation projects in Season 6

QnQ

AI-driven Web3 knowledge sharing and search platform. With its own proprietary data lake, QnA3 makes it easy for users to access Web3 information and knowledge in Q&A.

A quick look at Binance Labs’ 12 incubation projects in Season 6

GameFi/SocialFi class

Cellula

A fully on-chain artificial life simulation game on Ethereum that defines the interactions between cells according to the rules of "Conway's Game of Life" and allows them to evolve autonomously on the blockchain. Players can observe the growth, reproduction, and evolution of these life forms in the virtual life space. "Cell" is the basis of the Cellula game and is a genetic fragment of an organism in the Cellula world. Some cells have strong viability, and some cells have weak viability. Cells can be spliced ​​together on a synthetic platform according to certain rules to synthesize powerful life forms. The total number of cells is 512, with 10 types of each cell, and the total number of cell groups is 5120.

A quick look at Binance Labs’ 12 incubation projects in Season 6

Crypto Café

A learning community dedicated to blockchain and crypto topics that aims to reduce barriers to entry for users exposed to digital assets. Users can learn about crypto and how it operates, learn blockchain technology, and understand the differences between each cryptocurrency on this platform. At the same time, users can earn "sip tokens" while learning.

A quick look at Binance Labs’ 12 incubation projects in Season 6

MetaCene

Web3 native MMORPG Home Game supports mainstream game players with easy access. It was founded by game experts with more than 20 years of industry experience from Shanda Games, Blizzard, Perfect World, etc. The game presents a surreal post-apocalyptic society where survivors interact with different NFTs, including PVE and PVP gameplay. MetaCene completed Alpha testing in August and launched the MetaCene Apostle NFT series. The team is currently developing the mobile version and the first official version, which is planned to be released in the fourth quarter of 2023.

A quick look at Binance Labs’ 12 incubation projects in Season 6

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments