Binance Labs selects only 2% of applicants, empowering promising projects.
Strategic investments by Binance Labs shape the future of Web3 ventures.
Binance Labs, the venture capital and incubation arm of cryptocurrency exchange Binance, has recently announced its investment in the projects that performed the best in Season 5 of its renowned Incubation Program.
Out of more than 900 project applications received, only a select few, representing less than 2% of the total, were admitted into the program. Throughout the season, these chosen projects benefited from a tailored curriculum designed to meet the specific needs of the founders. They also had access to exclusive resources from the Binance ecosystem and engaged in enlightening fireside chats with industry leaders.
Yibo Ling, Chief Business Officer at Binance, expressed the organization’s commitment to empowering early-stage projects that can contribute to the industry’s advancement. Ling stated, “Binance Labs remains dedicated
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