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Published on May 5, 2022
Binance Labs, the venture capital and innovation incubation arm of Binance, announced that Season 4 of its global Incubation Program is launching on May 5th. Through the program, Binance Labs supports promising projects in the blockchain space. Over 500 projects applied, and Binance Labs selected 14 that demonstrated the most potential and best fit for the program.
For the past three seasons of the Incubation Program, Binance Labs has incubated numerous market-leading crypto platforms and protocols such as Polygon, Perpetual Protocol, Injective Protocol, SafePal, Cere Network, and Dune Analytics.
Application for Season 4 of the Incubation Program began in January 2022, and concluded in April with a total of 500 applications. Mirroring the increasing growth and diversification of the industry, Binance Labs will be incubating a much broader selection of projects.
Ken Li, Investment Director at Binance Labs, said: “The fourth season of our Incubation Program has attracted very exciting founders who are building across a wide range of use cases. We are thrilled to continue to partner with top teams at the earliest stages to support the broader blockchain industry together.”
There are 14 incubation projects that have been selected for Season 4 of the Binance Labs Incubation Program:
· Infrastructure:
· Defi:
CODA Ventures, a yield generating protocol on BNB Chain that provides users passive access to the best-in-class sustainable yield generating strategies.
OpenLeverage, a permissionless lending and margin trading protocol, deployed on Ethereum and BNB Chain, that enables traders to long/short any trading pair on DEXs.
· Gaming / Metaverse:
AlterVerse, a BNB Chain native project building an advanced Metaverse.
ChapterX, an immersive 3D platform that enables users to build fully customizable worlds and avatars.
CoralApp, a blockchain-based fitness and wellness social platform.
Gamic Guild, a play-to-earn gaming guild in Africa that gives users a diverse catalog of NFT games.
· SocialFi / Creator Economy:
· Crypto FinTech
Jasmine Kong, Investor at Binance Labs, said: “We believe that the Incubation Program provides a great growth opportunity for both start-ups and Binance Labs. The team is constantly learning to develop the early stage projects and upgrading the program to offer future projects with more tailored solutions.”
In the coming months, Binance Labs will launch applications for Season 5 of its Incubation Program, which is expected to kick off in Q4 of 2022. As one of the benefits of being part of the Binance Labs ecosystem, all portfolio company founders, mentors or Binance alumni can directly recommend projects to fast-track into the final interview for incubation selection. Interested applicants can apply for the next seasons.