Binance Labs has announced the first batch of projects for its seventh-season incubation program. According to the tweet, four projects have made the list.
We’re thrilled to unveil the first batch of projects that we admitted into Season 7 Incubation@AstherusHub@cyclenetwork_GO@dill_xyz_@EigenExplorer
Note: Incubation admission isn’t the same as Labs investments.
Learn more about the projects (listed alphabetically) below 👇
— Binance Labs Fund (@BinanceLabs) July 30, 2024
Binance Labs unveils seventh season incubation program projects
Among the selected projects, Astherus stands out as a liquidity hub for staked assets. This includes liquid staking tokens (LSTs) and liquid restaking tokens (LRTs).
CYCLE NETWORK brings a fresh approach to cross-chain interactions with its universal, secure, and verifiable chain abstraction technology.
By offering a bridgeless aggregate liquidity network compatible with various blockchain types, CYCLE NETWORK seeks to solve one of the most persistent challenges in the multi-chain landscape.
DILL, the third project on the list, will boost data availability. This project promises to be the most scalable data availability network and is fully aligned with the Danksharding roadmap.
EigenExplorer, EigenLayer’s first native DeFi protocol, rounds out the batch. This project aims to leverage EigenLayer’s restocking capabilities to create new DeFi opportunities.
Binance Labs’ incubation program, tailored for founders of early-stage Web3 projects, continues to play a crucial role in nurturing the next generation of blockchain innovators.
By providing resources, mentorship, and potential funding opportunities, Binance Labs is helping these projects grow to the next level.
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