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3 teams selected in We3 training program
On the 15th, Binance Lab, the VC arm of Binance, a major crypto asset (virtual currency) exchange, announced the first three projects selected for Season 6 of its incubation program.
We're excited to announce the first batch of S6 Incubation projects that we've made an investment in!
@ethena_labs@nfprompt @shogunfi
Find out more about the projects, listed alphabetically below
pic.twitter.com/P9hGPnC4vy
— Binance Labs Fund (@BinanceLabs) February 15, 2024
This is a three-month training program for innovative early-stage startup teams in the Web3 space. Selected entrepreneurs will receive one-on-one mentoring and will also have the opportunity to connect with founders of companies that Binance invests in.
The three companies that will be participating in the program this time are Ethena Labs, NFPrompt, and ShogunFi.
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Overview of selected projects
Ethena Labs is a company that provides the decentralized stablecoin USDe on the Ethereum (ETH) chain. USDe is a stablecoin with yield that is independent of the banking system.
In 2023, the company raised $6.5 million (approximately 980 million yen) in a seed round led by DragonFly Capital. Delphi Digital, ByBit, OKX Ventures, Wintermute, and CMT Digital also invested.
NFPrompt (NFP) is an artificial intelligence (AI)-powered UGC (user-generated content) platform designed for the new generation of Web3 creators.
It has AI creation, social community, and merchandising capabilities, and supports emerging standards such as NFTs (non-fungible tokens), inscription tokens, and ERC-404.
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Binance just targeted NFPrompt (NFP) in its 41st launch pool last December.
We're getting listed in Binance Launchpool!
NFPrompt is an AI-powered UGC platform built for the community, the creators, and everyone who is passionate about the synergies of AI and Web3.
Check out the video below. https://t.co/8hXJ8sHczc pic.twitter.com/7JI6cLAQqO
— NFP (@nfprompt) December 19, 2023
connection:
Binance 41st launch pool, Web3 type AI platform “NFPrompt”
shogunfi aims to connect fragmented markets with an innovative, yet unpublished approach to cross-chain liquidity.
According to Binance Labs, it is a protocol that focuses on trader intent and aims to maximize trader extractable value (TEV) through optimized order flow and full chain abstraction.
What is cross chain?
It refers to the technology that straddles blockchains with different standards and specifications, and the technology that connects them.
Virtual currency glossary
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https://t.co/9g8XugH5JJ pic.twitter.com/bpSk57VDrU
— CoinPost (virtual currency media) (@coin_post) December 21, 2023
The post Binance Lab to foster decentralized stable coins, AI creation, etc. appeared first on Our Bitcoin News.
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