{"id":71530,"date":"2024-02-15T18:41:13","date_gmt":"2024-02-15T22:41:13","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=71530"},"modified":"2024-02-15T18:43:05","modified_gmt":"2024-02-15T22:43:05","slug":"binance-labs-unveils-first-batch-of-s6-incubation-projects","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-labs-unveils-first-batch-of-s6-incubation-projects\/","title":{"rendered":"Binance Labs Unveils First Batch of S6 Incubation Projects"},"content":{"rendered":"\n

Binance Labs has unveiled Ethena Labs, NFP, and Shogun as the first batch of its investment initiatives in the Season 6 Incubation Program<\/a>.<\/p>\n\n\n\n

\"Binance
Binance Labs Unveils First Batch of S6 Incubation Projects<\/figcaption><\/figure>\n\n\n\n

In the sixth season, Binance invested in three projects, according to a post made on the X account on February 15. Although neither the latest initiative's specifics nor the total investment amount have been made public, Binance Labs has disclosed the following entities as recipients of funding:<\/p>\n\n\n\n

\n

We're excited to announce the first batch of S6 Incubation projects that we've made an investment in!

\ud83d\udd38@ethena_labs\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>
\ud83d\udd38@nfprompt<\/use><\/svg><\/span><\/a>
\ud83d\udd38@shogunfi<\/use><\/svg><\/span><\/a>

Find out more about the projects, listed alphabetically below\ud83d\udc47 pic.twitter.com\/P9hGPnC4vy<\/use><\/svg><\/span><\/a><\/p>— Binance Labs Fund (@BinanceLabs) February 15, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

It is well known that Ethena Labs is supplying the derivatives infrastructure needed to turn Ethereum (ETH) into the first stablecoin that can make money off of exchanges other than banks.<\/p>\n\n\n\n

The next generation of Web3 producers is targeted by NFPromt, an AI-powered user-generated content platform that includes all new standards, including non-fungible tokens <\/a>(NFT), captions, and 404\u2014an all-in-one platform that enables AI development, social communities, and commerce.<\/p>\n\n\n\n

The intent-centric Shogun project aims to streamline order flow and achieve complete chain abstraction to maximize trader extractable value (TEV). Binance Labs summarized their efforts in 2023 in January. <\/p>\n\n\n\n

The fund's investment program supported decentralized finance<\/a> (defi) businesses, Web3 games, and tools based on zero-knowledge proof techniques.<\/p>\n\n\n\n

\n

Let's take a look back at our year in 2023! \ud83d\ude80

We remained committed supporting early-stage founders with bold ideas, and resilient projects that are shaping the future of Web3.

Check out our year in investments\ud83d\udc47https:\/\/t.co\/xyyhL7iYjO<\/use><\/svg><\/span><\/a> pic.twitter.com\/NN3o8Ez43y<\/use><\/svg><\/span><\/a><\/p>— Binance Labs Fund (@BinanceLabs) January 17, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

According to the research, Binance Labs' portfolio, which includes 250 projects across 25 countries, has a 14x return on investment. Numerous well-known projects, such as Optimism, LayerZero, Celestia, Aptos, Mysten Labs<\/use><\/svg><\/span><\/a>, and Trust Wallet, have received support from the team. Binance Labs has incubated over 50 firms, such as Polygon, SafePal, and Injective Labs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance Labs has unveiled Ethena Labs, NFP, and Shogun as the first batch of its investment initiatives in the Season 6 Incubation Program. In the sixth season, Binance invested in three projects, according to a post made on the X account on February 15. Although neither the latest initiative’s specifics nor the total investment amount […]<\/p>\n","protected":false},"author":43,"featured_media":71532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[10412,1406,14951],"class_list":["post-71530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance-labs-2","tag-crypto-exchange","tag-incubation-program"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/02\/croc_1708031648505.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/71530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=71530"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/71530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/71532"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=71530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=71530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=71530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}