{"id":15689,"date":"2024-07-30T17:42:43","date_gmt":"2024-07-30T14:42:43","guid":{"rendered":"https:\/\/forklog.com\/en\/binance-labs-selects-four-startups-for-funding\/"},"modified":"2024-07-30T17:42:43","modified_gmt":"2024-07-30T14:42:43","slug":"binance-labs-selects-four-startups-for-funding","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/binance-labs-selects-four-startups-for-funding\/","title":{"rendered":"Binance Labs Selects Four Startups for Funding"},"content":{"rendered":"<p>The venture arm of the cryptocurrency exchange Binance has selected four projects \u2014 Astherus, Cycle Network, Dill, and EigenExplorer \u2014 for the seventh season of its incubation program.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re thrilled to unveil the first batch of projects that we admitted into Season 7 Incubation<a href=\"https:\/\/twitter.com\/AstherusHub?ref_src=twsrc%5Etfw\">@AstherusHub<\/a><a href=\"https:\/\/twitter.com\/cyclenetwork_GO?ref_src=twsrc%5Etfw\">@cyclenetwork_GO<\/a><a href=\"https:\/\/twitter.com\/dill_xyz_?ref_src=twsrc%5Etfw\">@dill_xyz_<\/a><a href=\"https:\/\/twitter.com\/EigenExplorer?ref_src=twsrc%5Etfw\">@EigenExplorer<\/a><\/p>\n<p>Note: Incubation admission isn\u2019t the same as Labs investments.<\/p>\n<p>Learn more about the projects (listed alphabetically) below ?<\/p>\n<p>\u2014 Binance Labs Fund (@BinanceLabs) <a href=\"https:\/\/twitter.com\/BinanceLabs\/status\/1818209794521702754?ref_src=twsrc%5Etfw\">July 30, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the statement, Astherus is a &#8220;liquidity hub&#8221; for staking assets like LST and LRT.<\/p>\n<p>The project&#8217;s ecosystem <a href=\"https:\/\/www.astherus.finance\/en\/about\">comprises<\/a> three components: the DEX AstherEX, the passive income platform AstherEarn, and the L1 blockchain AstherLayer based on the Cosmos SDK. The solution supports Ethereum and BNB Chain networks.<\/p>\n<p>Cycle Network is described as a &#8220;universal, secure, and verifiable&#8221; chain abstraction, offering a bridge-free aggregated liquidity protocol for all layers and compatibilities, including L1, L2, EVM, and non-EVM.<\/p>\n<p>Dill presents &#8220;the most scalable&#8221; data availability network in Ethereum, fully compatible with the <a href=\"https:\/\/www.eip4844.com\/\">Danksharding<\/a> roadmap. The project&#8217;s <a href=\"https:\/\/www.dill.xyz\/docs\/Introduction\/Overview\">documentation<\/a> states that the protocol supports &#8220;millions of validators&#8221; and features Bitcoin staking and restaking.<\/p>\n<p>EigenExplorer is the first native DeFi protocol from EigenLayer. The project offers an <span data-descr=\"Application Programming Interface \u2014 \u043f\u0440\u043e\u0433\u0440\u0430\u043c\u043c\u043d\u044b\u0439 \u0438\u043d\u0442\u0435\u0440\u0444\u0435\u0439\u0441 \u043f\u0440\u0438\u043b\u043e\u0436\u0435\u043d\u0438\u044f\" class=\"old_tooltip\">API<\/span> for fast and confidential data tracking in the restaking ecosystem. The solution is free and open to the public.<\/p>\n<p>Earlier, for the sixth season of its incubation program, Binance Labs selected 12 startups. The list included projects from various categories, including blockchain infrastructure, DeFi, AI, Web3, GameFi, and AI.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The venture arm of the cryptocurrency exchange Binance has selected four projects \u2014 Astherus, Cycle Network, Dill, and EigenExplorer \u2014 for the seventh season of its incubation program. We\u2019re thrilled to unveil the first batch of projects that we admitted into Season 7 Incubation@AstherusHub@cyclenetwork_GO@dill_xyz_@EigenExplorer Note: Incubation admission isn\u2019t the same as Labs investments. Learn more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1223,1133],"class_list":["post-15689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-startups","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15689"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/15688"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}