The world's largest crypto exchange Binance, which started the day with the announcement of altcoin, announced five new projects invested in.
Binance Labs, the industry-leading and off-chain startup support program of Binance, is investing in new projects to strengthen promising Web3 projects and accelerate their growth.
In this context, Binance Labs has announced five new projects in which the independent startup Binance Labs Incubation Program has invested.
Stating that they have invested in five promising projects that stand out in the fifth season of the Incubation Program, Binance Labs said that the selected projects cover DeFi and various Web3 sectors.
These projects are Bracket Labs, DappOS, a Web3 application usability solution, Kryptoskatt, a financial solution for Web3, Mind Network, a fully encrypted network, and zkPass, a Web3 Authentication solution.
Binance Labs made the following statements in its statement:
“Binance Labs has invested in five of the best performing projects of Season 5 of the Incubation Program.
More than 900 projects applied for investment this season and less than 2% of them were accepted into the program.
First project; is Bracket Labs, a project that creates leveraged structured products on-chain with simple interfaces and innovative, adaptive pricing to greatly improve usability.
The second project is DappOS, a project focused on creating an operating protocol to reduce barriers to entry to Web3 by creating solutions that improve the usability and accessibility of Web3 applications.
The third project is Kryptoskatt, a project that simplifies Web3 funding for users worldwide.
The fourth project is Mind Network, the encryption network for securing all user data, smart contracts and artificial intelligence in Web3.
The fifth project is zkPass, a privacy-preserving decentralized authentication solution for Web3."
Finally, Binance also announced that the sixth season of the Binance Labs Incubation Program is approaching and is about to begin.
*Not investment advice.