Drift

DeFi

Binance Labs, the venture capital arm of Binance,&nbsp;<a style="text-decoration:none" href="https://x.com/BinanceLabs/status/1820474883417280713" rel="noopener noreferrer nofollow">unveiled</a> the second cohort of its Season 7 Incubation Program. The new batch includes Aarc, FluxLayer, and Ton Ton Games, each bringing unique solutions to the Web3 ecosystem.
<h3 dir="ltr" id="span-span-aarc-simplifying-multi-chain-dapp-development-span-span">Aarc: Simplifying Multi-Chain dApp Development</h3>
Aarc is designed as a modular network for unified, omnichain decentralized applications (dApps). Developers using Aarc can reportedly integrate users' accounts and liquidity from any blockchain without the complexities of multi-chain deployment or dApp migration. The platform’s SDKs enable developers to create chain-agnostic dApps in just a few days.
&nbsp;
In a multi-chain environment, Aarc aims to eliminate the burden of chain-specific considerations, allowing dApps to function seamlessly across multiple chains and quickly access a broad user base.
<h3 dir="ltr" id="span-span-fluxlayer-revolutionizing-liquidity-with-omni-chain-intent-span-span">FluxLayer: Revolutionizing Liquidity with Omni-Chain Intent</h3>
FluxLayer is an Omni-Chain Intent Liquidity Layer powered by EigenLayer. This project focuses on providing a streamlined liquidity solution that spans various blockchain networks.&nbsp;
<h3 dir="ltr" id="span-span-ton-ton-games-gaming-on-telegram-span-span">Ton Ton Games: Gaming on Telegram</h3>
Ton Ton Games is unlocking the potential of gaming on Telegram. The project recently launched its first game, Drift Party, on Telegram. Drift Party is a Web3 game developed on the TON blockchain, where players merge cars, collect NFTs, and race against others.&nbsp;
&nbsp;
This initiative aims to bring blockchain gaming to a wider audience by leveraging Telegram’s extensive user base.
<h2 dir="ltr" id="span-span-binance-labs-ongoing-commitment-to-innovation-span-span">Binance Labs’ Ongoing Commitment to Innovation</h2>
The Season 7 Incubation Program provides early-stage Web3 startups with a structured curriculum and access to resources within the Binance ecosystem.
&nbsp;
Binance Labs’ support includes mentorship from industry experts, strategic guidance, and integration opportunities within the Binance platform. The program spans approximately two months, offering startups the tools and knowledge needed to advance their projects.
<h2 id="span-span-previous-cohorts-and-their-achievements-span-span">Previous Cohorts and Their Achievements</h2>
The&nbsp;<a style="text-decoration:none" href="https://bsc.news/post/binance-labs-unveils-first-batch-of-projects-in-season-7-incubation-program" rel="noopener noreferrer nofollow">first cohort</a> of the Season 7 Incubation Program featured four promising projects: Astherus, Cycle Network, Dill, and Eigen Explorer.
&nbsp;
<ul>
 <li>Astherus: Positioned as a liquidity hub for staked assets, focusing on liquid staking tokens (LSTs) and liquid restaking tokens (LRTs).</li>
 <li>Cycle Network: Developing a universal chain abstraction to eliminate the need for traditional bridges, creating an aggregate liquidity network.</li>
 <li>Dill: A scalable data availability network designed to be compatible with the Danksharding roadmap.</li>
 <li>Eigen Explorer: The first native DeFi protocol developed by EigenLayer, offering innovative financial solutions.</li>
</ul>
While admission into the Binance Labs Incubation Program provides valuable support, it does not guarantee investment from Binance Labs.&nbsp;
&nbsp;
Investment decisions are made separately and are announced after the program’s conclusion.&nbsp;

Binance Labs Announces Second Cohort of Season 7 Incubation Program: Aarc, FluxLayer, and Ton Ton Games

Table of Contents

BSCN

Other articles published on Aug 12, 2024

Brett and Shiba Inu Begin Climb; Indicators Point to a 500x Increase in the Value of This Hybrid ...

Whales Buy $13M in ETH, but $2.7K Level Remains Key for Next Rally

New Crypto Presale Sees Nearly 10,000 Registrations In Rapid Time; Solana and BNB Holders Are Div...

Experts Predict Sideways Movement For Ethereum In Q4 And A 1400% Growth For This New Cryptocurrency

Bitcoin Spot ETFs See Significant Shifts in Weekly Inflows and Outflows

Bitcoin, Ethereum, Dogecoin Slide As Middle East Tensions Escalate After Hezbollah's Israel Attac...

Join our free newsletter for daily crypto updates!