Binance Labs Onboards 3 New Crypto Projects For Its Training Program
Binance Labs, the venture capital and incubation arm of Binance, has recently expanded its support for by welcoming three new crypto projects into the seventh season of its Incubation Program.
Binance Labs, known for bolstering early-stage projects, continues to foster potential game-changers in the Web3 ecosystem. However, admission into the Binance Incubation Program does not guarantee an investment from the venture capital arm.
3 Projects That Joined the Binance Incubation Program
The trio of projects selected for this season’s incubation includes Aarc, FluxLayer, and TonTon Games. Each project introduces unique solutions to prevalent challenges in the decentralized space, aiming to enhance operations across blockchain networks and improve the Web3 user experience.
Aarc is particularly noteworthy for its modular protocol, simplifying chain abstraction for decentralized applications (dApps). However, the project is fairly new. Since its debut on X (Twitter) in October 2023, Aarc has amassed 2,486 followers.
Read more: How To Fund Innovation: A Guide to Web3 Grants
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Meanwhile, FluxLayer has introduced itself as an omni-chain intent liquidity layer powered by EigenLayer. Although it only started posting on X yesterday, FluxLayer has garnered the interest of 744 followers.
The project focuses on enhancing liquidity across multiple chains, aiming for seamless interoperability without confining users or developers to a single blockchain.
TonTon Games, the third project, specializes in integrating gaming experiences through Telegram. It provides developers with tools to publish games directly to the Telegram audience. This niche yet swiftly growing sector in blockchain-based gaming saw TonTon Games launch its first game on Telegram, DRFT Party, yesterday.
Binance Labs has been actively onboarding projects for the seventh season of its Incubation program. Just last week, it onboarded four emerging crypto projects, including Astherus, Cycle Network, Dill, and EigenExplorer.
Binance Labs spokesperson briefly talked about the curriculum of the Incubation program with BeInCrypto.
“This season’s curriculum features weekly sessions covering critical startup principles including Web3 security, compliance best practices, a deep dive into the legal and regulatory landscape, and more,” a Binance spokesperson told BeInCrypto.
In a separate announcement, Binance Labs revealed an investment in Particle Network, which received backing to enhance its modular Layer 1 blockchain.
Particle Network’s technology focuses on creating a unified experience for users and developers by facilitating a single account and balance system across multiple chains. This innovation addresses the high costs and complex asset management currently plaguing multi-chain environments.
Read more: Layer 1 vs. Layer 2: What Is the Difference?
Particle Network will use the funds to expand its global team and enhance features. It is also preparing for the launch of its L1 Mainnet later this year.
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