The investment arm of the world’s largest cryptocurrency exchange Binance, Binance Labs, has invested in 7 startup projects in its 6th incubation season program.
Binance announced on March 8th that it has invested in 7 cryptocurrency projects as part of the 6th incubation program.
For the 6th incubation program of Binance, hundreds of projects applied and the exchange only accepted %3 of them. According to the announcement, the selected projects that received investment include; Cellula, Derivio, Ethena, NFPrompt, QnA3, Shogun, and UXUY.
Binance had previously announced investing in 3 of these projects, but with the end of the period, it announced 7 more.
Derivio: is a futures trading platform on zkSync.
Ethena: is a derivative infrastructure provider that provides staking rewards.
Shogun: is a decentralized finance (DeFi) protocol.
UXUY: is a decentralized exchange (DEX).
Cellula: is a blockchain strategy game.
NFPrompt: is an AI-focused platform that includes all standards such as NFT, caption, and ERC-404.
QnA3: is an AI-supported web3 platform.
