Binance Labs, the VC and Innovation Incubation Arm of Binance Announces Season 4 of Its Global Incubation Program

Binance Labs, the venture capital and innovation incubation arm of Binance, announced that Season 4 of its global Incubation Program is launching on May 5th. Through the program, Binance Labs supports promising projects in the blockchain space. Over 500 projects applied, and Binance Labs selected 14 that demonstrated the most potential and best fit for the program.

For the past three seasons of the Incubation Program, Binance Labs has incubated numerous market-leading crypto platforms and protocols such as Polygon, Perpetual Protocol, Injective Protocol, SafePal, Cere Network, and Dune Analytics.

Application for Season 4 of the Incubation Program began in January 2022, and concluded in April with a total of 500 applications. Mirroring the increasing growth and diversification of the industry, Binance Labs will be incubating a much broader selection of projects.

Ken Li, Investment Director at Binance Labs, said: “The fourth season of our Incubation Program has attracted very exciting founders who are building across a wide range of use cases. We are thrilled to continue to partner with top teams at the earliest stages to support the broader blockchain industry together."

There are 14 incubation projects that have been selected for Season 4 of the Binance Labs Incubation Program:

  • FilSwan, a layer 2 cross-chain solution provider for Web3 projects that integrates data, computing and payment into one suite.
  • Grindery, a middleware Web3 automation tool for people and organizations to connect dApps & protocols to exchange data, payments & services, starting with DAO payouts & payroll.
  • NuLink, a decentralized network that enables privacy-preserving applications developers to implement security and privacy.
  • Starton, an API platform that facilitates application connectivity to blockchains, allowing developers to develop Web3 functionalities in their products faster and more securely.
  • CODA Ventures, a yield generating protocol on BNB Chain that provides users passive access to the best-in-class sustainable yield generating strategies.
  • OpenLeverage, a permissionless lending and margin trading protocol, deployed on Ethereum and BNB Chain, that enables traders to long/short any trading pair on DEXs.
Gaming / Metaverse:
  • AlterVerse, a BNB Chain native project building an advanced Metaverse.
  • ChapterX, an immersive 3D platform that enables users to build fully customizable worlds and avatars.
  • CoralApp, a blockchain-based fitness and wellness social platform.
  • Gamic Guild, a play-to-earn gaming guild in Africa that gives users a diverse catalog of NFT games.
SocialFi / Creator Economy:
  • Qwestive, a community management platform for creators and web3 communities.
  • Reveel, a platform for web3 creators to track their portfolio, automate revenue sharing and report on-chain income.
Crypto FinTech
  • Playbux, a blockchain-based exchange that integrates real-life cashback points and consumer experiences with metaverse activities.
  • Ambrosia, a DeFi savings account that allows any user to invest their fiat savings into stablecoins and earn yield in a simple way.
Jasmine Kong, Investor at Binance Labs, said: “We believe that the Incubation Program provides a great growth opportunity for both start-ups and Binance Labs. The team is constantly learning to develop the early stage projects and upgrading the program to offer future projects with more tailored solutions.”

In the coming months, Binance Labs will launch applications for Season 5 of its Incubation Program, which is expected to kick off in Q4 of 2022. As one of the benefits of being part of the Binance Labs ecosystem, all portfolio company founders, mentors or Binance alumni can directly recommend projects to fast-track into the final interview for incubation selection. Interested applicants can apply for the next seasons.

Post a Comment

Previous Post Next Post
Like this content? Sign up for our daily newsletter to get latest updates.