Tracking major investment funds in the Crypto market will help us find investment opportunities and change positions. Binance Labs is one of the leading investment funds and also regularly launches the Incubation Program. to support potential projects. Join Hak Reserch to take a look at the 12 projects incubated by Binance Labs in Incubation Program season 6.
Some other general articles can also help people find hidden gems:
- Collection of Winning Projects in MVB VI Organized by Binance Labs
- 6 Projects Selected by Base to Send Gold
Binance Labs Incubation Program Overview
Binance Labs is a venture capital unit of the Binance exchange that regularly organizes Incubation Programs (incubation programs) to find, support and invest in startup projects in the Web 3 market.
The Incubation Program has currently gone through a total of 6 seasons with thousands of projects applying to participate, hundreds of projects achieving various large and small awards and being invested in by Binance Labs. In season 6 of the Incubation Program, Binance Labs selected up to 12 potential projects in many different areas to support.
A Look at the 12 Projects Incubated by Binance Labs Season 6
Vistara
Vistara is a Rollup as a Service platform that allows everyone to create their own Layer 2 in a very simple way. Specifically, with Vistara, anyone, regardless of programming knowledge or not, can customize, edit, build, and test in a simple, easy-to-understand interface.
Vistara also supports many different options for the components of a Layer 2, thanks to which people can easily customize according to their intended use such as:
- Execution: CairoVM, FuelVM, CosmWasm, EVM, zkEVM, zkVM,…
- Sequencer: Rollkit, Astria, Espresso,…
- Data Availability: Celestia, EigenDA, Polygon Avail,….
UXUY
UXUY is a protocol that provides cross-chain liquidity aggregation solutions that enable users and Web 3 projects to take advantage of a rich source of liquidity. UXUY’s solution is to build a bridge specifically for stablecoins and connect additional liquidity from various DEX platforms.
Currently UXUY is developing 2 main products including:
- MPC Wallet: Is a non-custodial wallet platform using MPC technology combined with Account Absstraction technology.
- UXUY Exchange: A new generation DEX platform that allows users to pay network fees with any asset.
BBOX
BBOX is a decentralized derivatives exchange platform built on Linea’s ecosystem, providing users with a simple and convenient trading experience. Unlike other derivatives DEX platforms, BBOX also allows users to trade tokens with small capitalization and high volatility, suitable for those with adventurous investment appetite.
In addition, BBOX also optimizes the user’s trading experience by reducing price slippage to a minimum and creating a liquidity providing environment with the best profits by using the dynamic AMM mechanism.
Derivio
Derivio aims to build a derivatives ecosystem that caters to people at all levels of expertise ranging from fundamentally different. Currently, the project is choosing Layer 2 zkSync Era as the place to lay the first bricks and plans to develop multichain in the future.
Currently, Derivio is building and deploying testnets of many different products including:
- Spot: Is a normal trading market based on supply and demand.
- Perpetual: A market that allows people to trade using futures contracts.
- Options: A market that allows people to trade using options contracts.
Ethena
Ethena is a decentralized stablecoin protocol built on Ethereum with a completely new model by combining DeFi and CeFi, thereby optimizing capital efficiency as much as possible. Ethena solves the problem of other decentralized stablecoins where creating a new stablecoin requires a larger amount of collateral, usually 150%.
To briefly explain, in order to mint 1 USDe, the protocol’s stablecoin, users will only need to pledge an equivalent amount of assets, Ethena will then use delta neutral to protect that position from being lost. liquidation.
Shogun
Shogun introduces a new solution called Decentralized Interchain Market Maker (DIMM) to solve cross-chain liquidity problems of Internet of Blockchain models such as Cosmos or Celestia, cross-chain MEV, liquidity fragmentation, low capital management efficiency,…
MyShell
MyShell is a platform that allows anyone to create an AI chat bot that suits their needs without having to learn the basics. Prompt techniques are complex, something that is inherently only for developers with programming knowledge.
NFTPrompt
NFTPrompt is a tool that allows artists to create NFT collectibles through pitching ideas in a Prompt (reminder) to the AI automatically designs. When an NFT is sold then The prompt used to create the image will also be attached and sent to the buyer.
QnA3
QnA3 is a search and knowledge sharing platform in the Web 3 world powered by AI. When users ask questions, AI will select answers from a data file with information and knowledge. More optimized for Web 3.
Cellula
Cellula is an on-chain game with a rule set based on Conway’s Game of Life, the game’s universe is described as an infinite two-dimensional grid of orthogonal squares, each containing one of The two states can be either alive or dead and interact with eight neighboring cells to create different variables.
Crypto Café
Crypto Café is a Learn to Earn platform with topics related to blockchain and Crypto aimed at helping new market participants learn and develop more quickly than usual.
MetaCene
MetaCene is a Massively Multiplayer Online Role-Playing Game (MMORPG), also known as a role-playing game inspired by a future world. People can create, upgrade weapons or learn new skills in this game to increase their character’s fighting power.
Review of Projects Participating in Binance Labs Incubation Program
Projects participating in the Incubation Program from Binance Labs are spread across many different areas and blockchains, but we can see one thing:
- Binance Labs is still focusing on the DeFi segment the most when there are 4 projects in this segment, but the pieces that this investment fund is focusing on are in the higher layers of the DeFi Stack. Specifically, we can see 2 projects in the Derivatives segment, 1 stablecoin project with a new mechanism and 1 project to help solve liquidity problems.
- AI is an area that does not have too many impressions, but it is an area that Binance Labs focuses on equally when there are 3 selected projects. It is possible that this investment fund is predicting the future trend of AI being introduced and becoming an essential part of Crypto.
- Binance Labs is also paying attention to GameFi even though this segment is showing signs of weakness after a period of strong boom.
- After Hooked Protocol and Open Campus, Binance is still focusing on Learn to Earn with Crypto Café and QnA3.
Most of the 12 projects incubated by Binance Labs from the Incubation Program are in the early stages of development. The products of these projects are not yet fully completed, so we will need to monitor them to not miss future investment opportunities and trends.
Summary
Above is an article highlighting 12 projects incubated by Binance Labs in Incubation Program season 6 from Weakhand. Hopefully through the article, everyone will find useful content for their research process.
