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Binance Labs Announces First Batch of Investments in Season 6 Incubation Program
Binance Labs has announced the first batch of projects to benefit from Season 6 of the company’s incubator. The Binance incubation project will invest in three startups, including Ethena Labs, NFPromt, and Shogun.
Selected Binance Incubation Projects
While Binance has not provided extensive details of the incubation, it described each startup on an X thread. A post describes Ethena Labs as a derivative infrastructure provider seeking to turn Ether (ETH) into a crypto-native stablecoin that does not rely on traditional banking systems. There’s also NFPromt, a content platform powered by artificial intelligence (AI) and designed for Web3 creators. According to Binance Labs, NFPromt combines standards, including NFT, inscription, and 404, in an all-in-one platform for social communities and commercialization.
Binance Lab’s sixth incubation season is also investing in Shogun, a protocol that
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