The five cryptocurrency projects that Binance Labs invested in in August 2024 include MyShell, Particle Network, Corn, Sahara AI, and Solayer.
MyShell
A decentralized AI ecosystem with a wide range of application scenarios.
It has over three million registered users and provides creative tools for AI creators through the model layer and developer platform.
Incentivize creators through Crypto and integrate the creation and consumption processes.
Particle Network
Modular L1 blockchain that provides chain abstraction infrastructure.
Four core functions: universal account, universal liquidity, universal Gas and Particle L1 chain.
Designed to achieve seamless coordination between ecosystems.
Corn
A new network that enhances the utility of Bitcoin, the Ethereum L2 network.
Use tokenized Bitcoin BTCN as the network's gas fee and economic incentive.
Supports native BTC cross-chain bridging functionality and uses BTC as a fuel token.
Sahara AI
A decentralized AI network that unlocks monetization and automation opportunities.
Initial products include Sahara Knowledge Agent and Sahara Data.
The financing will be used to expand the global team, improve AI blockchain performance, and accelerate the construction of the developer ecosystem.
Solayer
Solana ecosystem Restaking market improves security through a decentralized validator network.
Leveraging the economic principles of staking to extend the security of Solana’s base layer.
Users can increase the decentralization of the network by staking assets while earning native returns.
Conclusion: Each project has a unique business model and application scenario. Investors can obtain possible rewards by participating in the interaction, while also supporting the growth of these potential blockchain projects. Binance Labs' investment trends have attracted widespread attention in the cryptocurrency field, and these invested projects may become hot spots in the market in the future.
