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<p class="is-style-lead">Binance Labs announced its selection of 12 teams to join its sixth season of the incubation program, set to launch Sept. 25.</p> 
<p>The two-month program aims to help company founders with resources from the Binance ecosystem alongside 1:1 mentorship opportunities.</p> 
<h2 class="wp-block-heading" id="supporting-early-stage-founders">Supporting early-stage founders</h2> 
<p>Under infrastructure-related projects, Binance Labs introduces Vistara, a one-click rollup deployment framework for designing scalable infrastructure, and UXUY, a multi-chain platform based on MPC and AA wallet technology. Under the defi category, Binance Labs is welcoming BBOX, a DEX for trading pools, Derived, Ethena and Shogun. In the section of AI-Powered DApps are the platforms MyShell, NFPrompt and QnA3, and in the final category of GameFi and SocialFi, Cellula, Crypto Café and MetaCene.</p> 
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<p>Since its inception, as co-founder Yi He stated, Binance Labs has operated with the mission to “identify and support early-stage founders who have demonstrated the capability to create innovative technological solutions, thereby supporting the broader web3 ecosystem.”</p> 
<p> You might also like: <a href="https://crypto.news/binance-labs-launches-collabs-for-founders-and-builders/" rel="noopener noreferrer nofollow"> Binance Labs launches ColLabs for founders and builders </a> </p> 
<p>In its&nbsp;<a href="https://www.binance.com/en/blog/ecosystem/meet-the-cohort-binance-labs-incubation-season-6-3293752531037588947" target="_blank" rel="noopener noreferrer nofollow">press release</a> announcing the new season, Binance stated they are continuing to review applications on an ongoing basis, inviting interested parties to apply for the next incubation season.&nbsp;</p> 
<h2 class="wp-block-heading" id="continued-support-for-the-community">Continued support for the community</h2> 
<p>Despite Binance facing constant scrutiny due to&nbsp;<a href="https://twitter.com/cz_binance/status/1704843256276582459" target="_blank" rel="noopener noreferrer nofollow">regulations&nbsp;</a>across different jurisdictions, the news surrounding Binance Labs, the venture capital and incubator arm of the world’s largest exchange, continues to make investments into early-stage blockchain projects.</p> 
<p>Over the summer, this included the&nbsp;<a target="_blank" href="https://crypto.news/binance-labs-launches-collabs-for-founders-and-builders/" rel="noopener noreferrer nofollow">release of ColLabs</a>&nbsp;for founders and builders in the Web3 community in August and an investment of $15 million into Xterio in July.</p> 
<p> Read more: <a href="https://crypto.news/binance-labs-invests-15m-in-web3-startup-xterio-to-boost-ai/" rel="noopener noreferrer nofollow"> Binance Labs invests $15m in web3 startup Xterio to boost AI </a> </p>

Binance Labs selects teams for sixth-season incubation program

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