Binance Labs Supports Five Innovative Web3 Projects
Binance Labs, the venture wing of the Binance cryptocurrency exchange, announced about his investments in five projects that have passed the Binance Labs incubation program. These projects represent new solutions for the development of Web3, the decentralized and secure Internet of the future.
The Binance Labs Incubation Program is a 10-week program that provides participants with funding, mentorship, training, and access to Binance resources. The program is held twice a year and selects 10-15 projects from hundreds of applications.
The fifth season of the Binance Labs Incubation Program ended in November 2023 and included 12 projects from different countries and regions. Of these, five received investments from Binance Labs:
- Bracket Labs is a platform for creating and trading structured blockchain products such as options, futures and swaps.
- DappOS is a Web3 application facilitation solution that allows users to connect to different blockchains and wallets through a single interface.
- Kryptoskatt is a Web3 financial solution that helps users manage their taxes, portfolio, and risks when dealing with cryptocurrencies and decentralized applications.
- Mind Network is a fully encrypted network that keeps data and communications private and secure on Web3.
- zkPass is a Web3 authentication solution that uses zero-knowledge technology (zk-SNARKs) to verify a user’s identity without exposing their identity.
Binance Labs also announced the launch of the sixth season of the Incubation Program starting in January 2024. The program will focus on projects related to the metaverse, NFT, DeFi, DAO and other areas of Web3. Applications for participation are accepted until December 31, 2023 on the Binance Labs website.
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