Binance Labs, the venture capital arm and innovation incubator of Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, has today announced a ‘BUIDLer Day’ to conclude another successful season of its incubation program. Now in its third season, the Binance Labs Incubation Program focuses on discovering and supporting the most promising founders and blockchain projects worldwide.
Bill Chin, the Head of Binance Labs Fund, said: “The Binance Labs Incubation Program nurtures budding entrepreneurs that can bring mass adoption of crypto and innovation within the blockchain ecosystem. Participating projects gain access to dedicated resources, industry exposure, valuable networks, and mentorship. Through the Incubation Program, we hope to help future industry key players develop and find their product market fit in the global blockchain landscape. Now that Season 3 is approaching the end, we are actively recruiting for Season 4 of the Incubation Program.”
Launched in 2018, the Binance Labs Incubation Program has incubated 25 projects. The first two seasons of the Incubation Program have produced leading and well-positioned blockchain projects, including Polygon, Perpetual Protocol, Dune Analytics and more.
Season 3 of the Incubation Program began in November 2021, and will conclude on January 25, 2022 with a BUIDLer Day. After 8 weeks of incubation, the BUIDLer Day would allow the nine incubation projects to formally pitch their progress and traction to an audience of investors, mentors and other industry figures. Unlike in past seasons, this invite-only pitch event will be held virtually for Season 3.
Ken Li, Investment Director at Binance Labs, said: “The third season of the Incubation Program saw talented projects coming from different sectors, such as gaming, NFTs, DeFi, trading platform, and more. BUIDLer Day will be the perfect opportunity for the projects to showcase their growth to prominent global investors. We believe that all nine projects have the potential to push the blockchain industry forward in meaningful ways."
The nine projects that were selected and participated in Season 3 of the Incubation Program are Mint Club, Raydius, GAT Network, Wombat Exchange, Tranching Protocol, SkyArk Studio, Bird, Copycat Finance, and Block Ape Scissors.
To enrich the Incubation Program experience, Binance Labs invited mentors from various backgrounds and expertise. The regular weekly fireside chat sessions were joined by Binance CEO CZ, CMO He Yi, Polygon Co-Founder Sandeep Nailwal, Zokyo CEO Hartej Sawhney, CertiK Co-Founder Prof. Ronghui Gu, BBS CEO Eyal Hertzog, and Animoca Brands Chairman Yat Siu.
Throughout the Incubation Program, the incubation projects also had individual sessions with Lisa Wu (Sky Consulting), Rudy Koch (Mythical Games), Leo (Capstone), Kinsey Cronin (TRM Labs), Aniket Jindal (Biconomy), Veronica Wang (SafePal), and Cryan Pellegrino (LayerZero). The whole Binance team also actively got involved in the development of the incubation projects, with 12 internal mentors from Binance Labs, Binance Smart Chain, Binance Research, Binance NFT, and CorpDev.
Application for Season 4 of the Binance Labs Incubation Program is open and available here.
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