Binance Labs has announced the first set of projects admitted into its Season 7 Incubation program, focusing on early-stage Web3 innovations. The Binance Labs Incubation program supports founders developing early-stage Web3 projects, offering resources and mentorship to foster innovation in the blockchain space. It is important to note that incubation admission is distinct from lab investments.
We’re thrilled to unveil the first batch of projects that we admitted into Season 7 Incubation@AstherusHub@cyclenetwork_GO@dill_xyz_@EigenExplorer
Note: Incubation admission isn’t the same as Labs investments.
Learn more about the projects (listed alphabetically) below 👇
— Binance Labs Fund (@BinanceLabs) July 30, 2024
Astherus Hub is a liquidity hub for staked assets, including liquid staking tokens (LSTs) and liquid restaking tokens (LRTs). The project aims to enhance liquidity and efficiency in the staking ecosystem.
Cycle Network
Cycle Network provides a universal, secure, and verifiable chain abstraction. It offers a bridgeless aggregate liquidity network for all blockchains, whether they are Layer 1 (L1), Layer 2 (L2), Ethereum Virtual Machine (EVM) compatible, or non-EVM compatible.
Dill XYZ is the most scalable data availability network, fully aligned with the Danksharding roadmap. It promises to improve data availability and scalability in the blockchain space. EigenExplorer is EigenLayer’s first native DeFi protocol, aiming to innovate within the decentralized finance sector by leveraging the EigenLayer’s capabilities.
The Binance Labs Incubation program continues to drive the growth of Web3 technologies by supporting promising projects in their early stages. For more details on Season 7 and the projects, visit Binance Labs’ official page.