The top 5 performing initiatives from Season 5 of Binance Labs‘ incubator program have received financing, according to the company’s venture capital and incubation arm.
5 Incubation Projects Binance Labs Invested in Believing Web3 is the Future
More than 900 project submissions had already been submitted, but only a small number had been chosen to take part in the program. Participants gain access to special resources from the ecosystem, engaging side conversations with business leaders, and a customized curriculum that is designed to fulfill their unique needs as founders throughout the season.
The Binance Labs staff provided individualized mentoring to the projects to help them develop marketable products during the incubation process. The decision to make the investment was reached after thorough evaluations. The Season 5 cohort’s presentations to an audience of business executives and investors during Build The Block, the first-ever metaverse pitching competition, marked the program’s finale.
We look forward to seeing the positive impact of Season five’s incubated projects on the broader Web3 ecosystem.
Yibo Ling, Chief Business Officer At Binance
Bracket Labs
Bracket Labs innovates to significantly enhance usability by developing leveraged on-chain goods with straightforward user interfaces and adjustable pricing. It has introduced BracketX.fi, a technology that enables traders to immediately capitalize on volatility in sideways and trending market circumstances.
DappOS
DappOS is a project that aims to develop an operating protocol to remove obstacles to accessing Web3 by coming up with ways to make web apps more usable and accessible.
Kryptoskatt
Kryptoskatt is a Web3 initiative for financial simplification that offers a full range of services, such as accounting, portfolio management, and tax reporting, to customers all over the world. It is a one-stop shop for all Web3 financial requirements, supporting more than 2000 DeFi protocols, 100+ exchanges and wallets, and more than 50 blockchains.
Mind Network
Mind Network safeguards all user data, smart contracts, and AI on Web3’s whole cryptographic network based on the patented Fully Adaptive Uniform Encryption (FHE) technology. It is used to provide encrypted high-performance pay-per-use computing, storage, and data computation as a decentralized privacy-preserving data lake.
zkPass
A zero-knowledge proof (ZKP) and multi-party computation (MPC)-based decentralized identity verification solution for Web3, zkPass protects user privacy. By utilizing the most recent encryption technology, zkPass seeks to offer a secure identity verification and privacy protection solution for Web3 apps.
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