Binance Labs Announces Investment in Top Four Projects of the Most Valuable Builder Program Season 6

Binance Labs, the venture capital and incubation wing of Binance, has announced a significant investment in four high-performing projects from the sixth season of its Most Valuable Builder (MVB) Program.

Binance Labs Announces Investment in Top Four Projects of the Most Valuable Builder Program Season 6

The four promising projects are AltLayer, KiloEx, Kinza, and Sleepless AI, specializing in areas like decentralized finance (DeFi), infrastructure, and Web3 gaming.

Yi He, Co-Founder of Binance, shared her enthusiasm about the investments, emphasizing the role of the MVB Program in identifying and supporting visionary founders.

AltLayer

AltLayer is an open and decentralized protocol providing tools for developers to launch scalable web3 applications at a fraction of the usual cost. The protocol has simplified the application-building process and brought groundbreaking innovations in the space.

– Elastic Scaling: AltLayer’s on-demand rollups benefit developers by providing a scalable and customizable infrastructure, making it possible to build powerful web3 applications without the typical constraints.

– No-Code Solutions: Their Rollups-as-a-Service dashboard enables developers to launch application-tailored rollups without the need for complex coding. This feature accelerates the development process and makes it more accessible to a broader audience.

– Strategic Partnerships: Recently, AltLayer teamed up with Arbitrum, another significant player in the Layer 2 scaling solutions, demonstrating its commitment to enhancing the ecosystem.

– Community Engagement: AltLayer’s strong community involvement and support system reflect its dedication to growing along with the developers and users of its platform.

KiloEx

With Binance Labs’ backing, KiloEx is set to make waves in the DeFi space. Its platform features include:

• Lower Risk of Liquidation: By retrieving prices from multiple spot exchanges.
• Highest Leverage Available: Enhancing profit potential.
• Widest Trading Pairs: Including crypto, forex, and stocks.
• Hedging Tools: Like delta-neutral options for liquidity providers.
• Decentralized Referral & Copy Trading: Earning bonuses and copying trades from skilled investors.

With a clear roadmap, including a release of Forex&Stock, KiloEx is poised for growth and innovation, promising a new era in decentralized finance and trading.

kinza

Kinza is a robust lending protocol that forms the backbone of a reliable DeFi ecosystem. This platform prioritizes security while bridging the gap between demand and supply of liquidity.

– veTokenomics: A unique tokenomics model inspired by Solidly’s ve(3, 3) allows Kinza to align emission with fees generated, letting stakeholders direct future emissions and collect revenues.

– Real Yields: The system generates real revenue from interest for liquidity providers and token holders, reflecting a sustainable and profitable model.

– Asset Isolation: In extreme market conditions, Kinza uses an isolation system to insulate volatile assets from battle-tested assets, thereby maintaining stability.

– Capital Efficiency: By allowing strongly-pegged assets to be collateralized in a specialized LTV, Kinza maximizes users’ capital efficiency.

– Commitment to Safety: Multiple independent audits and rigorous unit testing underscore Kinza’s relentless focus on security, adding a layer of trust to the platform.

Sleepless AI

Sleepless AI is a trailblazer in the intersection of AI and gaming, presenting a futuristic vision where artificial intelligence meets entertainment. As a member of the crypto and web3 community, Sleepless AI has unveiled a new dimension of gaming experiences that resonate with the digital age.

– AI Companion Games: The focus of Sleepless AI on AI-driven games has resulted in immersive experiences where players interact with intelligent, virtual characters. These AI-driven companions provide a lifelike interaction, enhancing the gaming experience.

– Collaboration with HIM Universe: A recent collaboration between Sleepless AI and HIM Universe has created a buzz in the gaming world. This partnership signifies Sleepless AI‘s commitment to creativity and expansion within the gaming industry.

– Focused on Web3 Development: Aligning with the decentralized web, Sleepless AI leverages web3 technologies to provide secure and advanced gaming platforms, allowing players to enjoy next-level entertainment.

– Strong Social Media Presence: With engaging content and constant updates, Sleepless AI’s active presence on social media platforms like Twitter keeps fans in the loop and fosters a thriving community around their games.

Binance Labs Incubation Program: Fostering Innovation and Expanding the Web3 Ecosystem

The MVB Program, now in its seventh season, has proved instrumental in supporting innovative startups in blockchain and DeFi. The sixth season concluded with a staggering 1,400 applications, reflecting a robust interest from North America, Europe, and APAC regions.

The Binance Labs Incubation Program is open for applications until August 15th, 2023, inviting startups across various sectors, including Infrastructure, DeFi, Tools & Middleware, and Application Layer.

About Binance Labs and BNB Chain

With more than 200 projects across 6 continents, Binance Labs has made a mark with a whopping 1260% rate of return on investment. Since 2018, it has incubated over 50 native Web3 projects.

BNB Chain, powered by BNB, is a decentralized, community-driven blockchain with more than 3 billion transactions and 200 million unique addresses. It has fostered over 1,400 active dApps in diverse areas like DeFi, Metaverse, and more.