PANews reported on August 15 that Binance Labs announced that it had invested in the decentralized AI ecosystem MyShell through the sixth season incubation program. MyShell allows users to create, own and share AI applications, and is committed to building an open AI creator ecosystem. Launched in April 2023, MyShell revolves around four pillars: open source model layer, AI creator platform, AI application store, and incentive network, aiming to promote the popularization of AI through open collaboration and fair profit models.