Binance Launches Sixth Season of its Incubation Program: Will Invest in Cellula, Ethena, QnA3, Shogun, and UXUY

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Binance Labs Incubation Season 6 Concludes

Starting from December 2023, the two-month Binance Labs Incubation Season 6 has concluded, with Binance Labs having invested in 7 top-performing projects.

The Incubation Season aims to provide early-stage founders with one-on-one guidance from the Binance Labs investment team and tap into relevant domain experts and resources within the Binance ecosystem. Out of hundreds of project applications, only 3% were accepted.

Binance Co-founder and Head of Binance Labs, He Yi, stated:

Our goal is to support early-stage entrepreneurs, with our support spanning across all public chains and ecosystems, providing support for projects committed to long-term development in various fields. We look forward to seeing continued growth for each project and contributing to the Web3 ecosystem.

The projects in this season cover DeFi, infrastructure, DApps, and more.

We have officially wrapped up Season 6 of the Binance Labs Incubation Program and are excited to announce the second batch of S6 Incubation projects we’ve invested in, listed alphabetically below 👇@cellulalifegame@derivio_xyz @qnaweb3@uxuycom

🚀We will be releasing more… https://t.co/Lc6PVx98qf

— Binance Labs Fund (@BinanceLabs) March 8, 2024

Binance Labs Incubation Season 6 Projects

Decentralized Finance:

• Derivio: zkSync ecosystem DEX focusing on a decentralized structure for derivative ecosystem.

• Ethena: Dedicated to transforming ETH into the first bank-independent native yield stablecoin.

• Shogun: Protocol-oriented, maximizing trader-extractable value TEV through optimized order flow and chain abstraction.

Infrastructure:

• UXUY: Multi-chain platform based on MPC and AA wallet technology, with intention-oriented features to minimize user friction.

Application Platforms:

• Cellula: An on-chain simulation strategy game offering asset composability and persistence.

• NPFrompt: AI-driven user-generated content UGC platform designed for the new generation of Web3 creators, covering NFTs, inscription, 404, and all emerging standards.

• QnA3: AI-driven Web3 knowledge sharing and search platform.

Stablecoin issuer Ethena secures further funding, led by Dragonfly Capital and Arthur Hayes

The advantages and challenges of intention-oriented design, with much ground to cover in related infrastructure

How will embedded wallets change Web3 user experience and industry logic?

QnA3.AI GPT Soars Over 20% Temporarily

QnA3.AI GPT seemed to be influenced by the positive announcement from Binance Labs, surging over 20% briefly, but then retracing back by -13%.