The launch of Ethena Labs, Shogun, and NPFrompt marks the kickoff of the sixth batch of Binance Labs' incubation program.
In Brief
In an exciting announcement, Binance Labs revealed the first round of projects for its sixth incubation season, which includes Ethena Labs, Shogun, and NPFrompt.
Cryptocurrency exchange Binance 's venture capital and incubation segment is excited to announce its selected projects for the sixth season, which notably includes Ethena Labs, Shogun, and NPFrompt, with the exact investment details yet to be disclosed. Binance Labs In the realm of decentralized finance (DeFi), Binance Labs has backed Ethena Labs, a pioneering provider of derivative infrastructure that aims to revolutionize Ethereum’s native token, ETH, into a yield-bearing stablecoin native to the cryptocurrency world— a venture designed to operate outside the confines of traditional financial systems.
In addition to this, venture capital efforts were directed towards Shogun, an innovative protocol that focuses on trader extractable value (TEV) enhancement through refined order flow and an all-encompassing chain abstraction.
NFPrompt, an AI-driven platform for user-generated content (UGC), is tailored for the next generation of Web3 creators. This platform not only streamlines AI-fueled content generation but also nurtures social communities and supports commercial endeavors across all the latest standards, including NFTs, and more. DeFi It's worth mentioning that NFPrompt made its debut on Binance Launchpool in a fair mode last year, representing its 41st project. Participants had the chance to stake BNB, FDUSD, and TUSD to farm NFP tokens.
We're thrilled to announce the initial lineup of projects supported in our sixth incubation wave! 404 .
Discover more about these projects listed alphabetically below 👇
The fund has released an overview of its activities in 2023, emphasizing its investment strategy focused on zero-knowledge proof tools, Web3 gaming, and other promising products in the DeFi landscape. As reported, their investment portfolio has achieved a remarkable 14x return, encompassing 250 projects spread across 25 different nations.
Binance Labs Shapes Web3 Future
By being at the forefront of the Web3 ecosystem, Binance Labs plays a crucial role in fostering innovative projects and ensuring impressive investment returns. support Please keep in mind that the content on this page is not meant to be construed as legal, tax, investment, financial, or any other form of advice. It’s essential to invest only what you can afford to lose, and we strongly recommend seeking independent financial advice if you're uncertain. For additional details, please refer to the terms and conditions, as well as the support sections provided by the relevant issuer or advertiser. MetaversePost is dedicated to delivering accurate and impartial information, but market conditions can change rapidly.
Recently, Binance Labs Alisa, a passionate journalist at Cryptocurrencylistings, specializes in cryptocurrency, zero-knowledge proofs, investment strategies, and the broad expanse of Web3. With a sharp focus on emerging trends and technologies, she offers in-depth reporting that engages readers within the dynamic landscape of digital finance.
Blum recently marked its one-year milestone by receiving ‘Best GameFi App’ and ‘Best Trading App’ honors at the Blockchain Forum 2025.
Disclaimer
In line with the Trust Project guidelines Omniston is addressing the challenge of DeFi fragmentation by implementing solutions to enhance liquidity on the TON blockchain.
