Binance Labs, the venture capital and incubation arm of Binance, announced that it has invested in MyShell through its Season 6 Incubation program. MyShell is a decentralized AI ecosystem that aims to enable anyone to create, own, and share AI Apps.
Launched in April 2023, MyShell says it is committed to creating an equitable creator ecosystem. The platform’s four pillars — an open-source model layer, an AI creator platform, an AI app store, and an incentive network — aim to facilitate open collaboration, accessible tools, and equitable monetization opportunities for all participants.
“Binance Labs recognizes the power of AI technology and has always wanted to support and strengthen AI-powered consumer applications,” said Yi He, Co-Founder of Binance and Head of Binance Labs.
“We look forward to seeing MyShell develop a robust creator economy based on AI and cryptocurrency.”
Ethan Sun, Co-Founder of MyShell, said:
“We are excited to build an open ecosystem that will revolutionize traditional AI production and are delighted to have Binance Labs join us in realizing this vision.”
*This is not investment advice.