Binance Labs has announced launching of eight new projects which aim to create a strong blockchain ecosystem. They all were participants of a ten-week Incubation Program, where each project was able to receive guidance, mentorship, and resources.
Only these eight projects were chosen from 500 candidates after serious review. Moreover, this “еight” got a $500,000 grant per each for further development.
Ella Zhang, the head of Binance Labs, commented:
“…Through the program, we support entrepreneurs who are solving critical problems for the blockchain industry. In particular, we help participants focus on “BUIDLing” products from an early stage. The term BUIDL is a glossary term from the Binance Academy, originally derived from HODL, a term referring to keeping your heads down and focusing on building your product.”
The list of projects includes:
- Deaux – Teespring for prediction markets
- Path – Plaid for Crypto
- SafePal – The Easiest & Most Affordable Hardware Wallet
- Injective Protocol – The New Standard for Decentralized Exchange
- Nym – Building a secure, private future for the internet
- Akio Labs – The easiest way to get insights from blockchain data
- Decore – Gusto for crypto native companies
- Torus – Frictionless logins for Dapps
Sad to say goodbye to #BUIDLers, but it’s not an end. It’s a start. Looking forward, there are so much more milestones to be achieved, so many challenges to be overcome, and so much more value to be created by our #BUIDLers We will keep improving our incubation program to serve. https://t.co/mjbkJPKIjI
— Ella Zhang (@ellazhang516) December 16, 2018
The project teams, as they said, got invaluable experience which will definitely help them to speed up their further development. In addition, they have a chance to partake in weekly fireside chats with Changpeng Zhao, the CEO of Binance.
— Christy Hyungwon Choi (@_christychoi) December 15, 2018
We remind you that Binance is preparing a pilot version of decentralized exchange.
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