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 7, 2024

RCO Finance (RCOF) Outshines Toncoin (TON) and Solana (SOL) as Bears Prepare for Another 25% Drop

Is the Fed Concerned About Market Unwind?

Mystery Shiba Inu Whale Empties Major US Exchange of 220 Billion SHIB

Will Bitcoin Price Recover to the $60K Level After Recent Dip?

Solana Remains on the Security Status Hook Despite SEC's Court Move

🗒 Daily Newsletter | Wednesday, August 07th, 2024

Join our free newsletter for daily crypto updates!