Despite the fact that there are several ways to raise funds in the field of cryptocurrency, there is much more to creating a project.
It can be difficult for a new idea to gather the strength to survive and thrive to fully meet some of the industry’s toughest challenges.
This is when incubators come into play.
Over the past three years, across five continents and 25 countries, Binance Labs has continued to seek and improve entrepreneurs, projects and communities that can address and improve the technologies available today. By providing support and guidance for the future of the blockchain, the team continued to provide funding, guidance and incubation for promising projects, helping them reach their full potential.
The incubation program has been running for two seasons, and supports successful businesses, including Polygon (MATIC), Ethereum metrics aggregator and Dune Analytics, a free analytics solution built on Ethereum (ETH) and others.
In front is Bill Chen, head of the Binance Labs Fund, Stocks,
“Through the incubation program, we hope to help major industry players in the future take easier paths, and I am sure that our team and mentors can also be inspired by the fresh and fresh ideas of our talented founders and teams. around the Earth.”
Immerse yourself in the children’s program
If you look closely at the incubation program itself, you will notice that the time frame for project completion is eight weeks. During these eight weeks, teams can take full advantage of the Binance Labs ecosystem, focusing on guidance from successful portfolio companies, potential investors and industry influencers.
Binance Labs also offers project support in the form of value-adding services, including PR, market consulting and fundraising, as well as weekly mentoring talks and presentation opportunities for interested investors.
More information about BINANCE Laboratories here.
After these eight weeks of incubation, Binance Labs will arrange a demo day for each of the nine projects. Then each project will present and propose its projects to find partners who are interested in working with them.
Currently, nine incubation projects have been selected from the autumn 2021 version of the Binance Incubation Program, each representing a different part of the world. Projects:
Block Ape Scissors: A money game based on Binance Smart Chain (BSC) that combines NFT and DeFi in games with many useful features for users.
Tranche Protocol: Yield Enhancements and DeFi Precautionary Protocol that implement spawning to grow crops.
Bird: A decentralized oracle that will provide developers with plug-and-play analytical offerings on next-generation web platforms.
Raydius: A bridge solution to build a more connected blockchain ecosystem.
GAT Network: A gaming network that includes multiple interconnected gaming projects and NFT trading, each running on the Binance Smart Chain (BSC).
Mint Club: A smart token creation platform that eliminates the need for coding.
Copycat Finance: A decentralized trading and farming platform built on the Binance smart chain, which provides high-yield social trading opportunities and offers.
SkyArk Studio: A blockchain-based game studio based in Singapore.
Wombat: A Defi and Stablecoin project that aims to create a highly efficient multi-chain stable swap that will work on and beyond the Binance smart chain.
Referring to these participating projects, Binance Labs Investment Director Ken Lee shares: “All incubation projects have strengths in what Labs are looking for,” adding to the excitement of what these projects will bring.
Those who want to participate in the fourth season of the children’s program can apply here. Season 4 starts in March 2022.