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On February 15, as stated in a Twitter post by the account, Binance participated in funding three projects in the sixth season. While specifics regarding the latest endeavor and the investment sum remain undisclosed, Binance Labs disclosed the identities of the recipients of the funding.
Binance Labs has made investments in the Ethena Labs, NFPromt, and Shogun projects within their incubator program.
Ethena Labs specializes in providing the infrastructure for derivatives on Ethereum (ETH), turning it into the pioneer cryptocurrency stablecoin that generates income independently from traditional banking systems.
NFPromt is a platform driven by AI, tailored for the upcoming generation of Web3 content creators. It encompasses various new standards such as non-fungible tokens (NFTs), Captions, and 404, offering a comprehensive solution for AI-driven content creation, community engagement, and monetization.
The Shogun project is a protocol centered around intent, aiming to optimize trader extractable value (TEV) through efficient order flow and seamless chain abstraction.
Also Read: Binance Collaborates with INTERPOL to Combat Cybercrime
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