Binance Labs Announces Projects Selected for Season 7 Incubation Program

IconCryptoNewsTerminal Staff30 Jul, 2024

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Binance Labs Announces Projects Selected for Season 7 Incubation Program

Binance Labs, the venture capital arm of Binance, has announced the projects accepted into its Season 7 Incubation Program. The program provides early-stage blockchain startups with mentorship, funding, and access to Binance's ecosystem. The projects accepted into Season 7 include: Astherus Hub: A Liquidity Staking Token (LST) Hub Cycle Network: A bridge-free unified liquidity network Dill: A data availability network Eigen Explorer: The first DeFi protocol from EigenLayer for Ethereum restaking The intake period for Binance Labs Season 7 projects ran from March 12 to May 1, 2023. Binance Labs received over 1,000 applications from startups around the world. The selected projects represent a diverse range of blockchain use cases, including DeFi, NFT, and infrastructure. Binance Labs is committed to supporting the growth of the blockchain ecosystem. The Incubation Program provides early-stage startups with the resources they need to succeed. The program has a proven track record of success, with alumni including Polygon, Axie Infinity, and The Sandbox.

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