- Binance Labs has reported the completion of another season of its incubator program
- Five projects received funding under the initiative
Binance Labs has reported the completion of the fifth season of its incubator program to fund promising Web3 startups. Five projects were selected for it, including credit, investment portfolio management and privacy solutions.
Binance launched this initiative back in 2018. Since then, the company has completed five seasons of investing in startups to develop and expand the Web3 space.</nbsp;
The exchange also has several similar programs, such as the MVB Accelerator. The project kicked off its sixth season in April, with 12 teams selected to participate.
With regard to the Binance Labs incubator, the following startups won in the fifth round:
- Bracket Labs. A project to create structured leveraged solutions with a simple and user-friendly interface.
- DappOS. Infrastructure for developing solutions to lower the entry threshold to Web3.
- Kryptoskatt. Wallet and investment portfolio management tools with the easiest interface possible.
- Mind Network.. Full encryption network based on the FHE platform. Provides complete privacy and anonymity.
- zkPass. An authentication solution that preserves user anonymity.
Binance Labs also noted that the sixth season of the incubator program will start soon. Registration for it is closed for the time being.