Binance, one of the largest cryptocurrency exchanges, recently announced that 13 projects have graduated from its incubation program nurtured in Binance Labs. Binance Labs is a part of Binance Inc. geared towards providing a platform for the development of new products within blockchain and cryptocurrency.
The Binance Labs website describe their services as –
Binance Labs is a social impact fund and an initiative to incubate, invest, and empower blockchain and cryptocurrency entrepreneurs, projects, and communities.
Our mission is to solve the problems that matter most to the ecosystem and change the world for the better.
The Binance blog posted a list of projects that have graduated from the incubation center at Binance Labs. Highlighting the 13 difference projects, the post listed the names and services of the companies.
Binance Labs, as the venture arm of Binance Inc., provides funding, training and expertise to startups all over the world. Interested parties may apply via the application process listed on their websit. Binance Labs has regional chapters on three continents that focuses on helping top founders bootstrap and achieve product-market fit in the global blockchain landscape.
“For the Binance Labs Incubation Program, we search all over the world for the strongest founders and projects to invest in,” said Ella Zhang, Head of Binance Labs. “We are proud to have found 13 gems in Season II, and to have spent the past 10 weeks working with the BUIDLers to launch their demos and gained early traction.”
Binance Labs Incubation Program, launched last year, is an onsite program designed to invest in and help entrepreneurs deliver products with clear product-market fit, as well as tangible solutions that provide sustainable growth of the global blockchain ecosystem. The startups that are chosen will move to their respective Incubation centres to complete the 4 month long training period. The second round of training began in March 2019 and ended in June 2019. The conclusion was held at the BUIDLers Day event, an invite-only pitch event where the project teams will meet with investors from the ecosystem. To learn more and request an invite, contact labs@binance.com.
“From in-app monetization to cash-to-crypto kiosks in Africa, this batch of projects represents the diversity in blockchain and entrepreneurship globally,” said Zhang. “We are excited to see firsthand the progress being made in every corner of the world to push blockchain forward.”
The names and solutions of the graduate startups in the second session are as follows –
1. BaseZero – Uncompromising security for crypto institutions
2. Bit Sika – A direct to recipient model for donations through crypto
3. Cere – The first blockchain CRM ecosystem platform
4. Dune Analytics – All-in-one destination for blockchain data
5. Keylabs – Decentralized blockchain security
6. Lucky Clover Global – An iGaming ecosystem on blockchain started from sportsbook
7. Marlin Labs – A Layer-0 scaling solution for public blockchains providing a plug and play network stack to improve throughput
8. Mavrik – The NFT Company
9. PhishFort – Anti-phishing solutions for the crypto companies and users
10. Raise – Simplifying private securities ownership in frontier markets
11. Tellor – A decentralized oracle for decentralized finance
12. Xend – Make and receive payments, offline or online
13. Yellow Card – Cash-to-crypto on-ramp for emerging markets
Season 3 of the Binance Labs Incubation Program begins in October, and applications will open soon at https://www.binancelabs.co/.
Follow Binance Labs on Twitter at @BinanceLabs to stay up-to-date with the Binance Labs Incubation Program, the Binance Labs Fellowship – which supports open-source blockchain developers and researchers – and other initiatives.
