Binance Labs Invests in MyShell Through Binance Labs Incubation Season 6 to Scale Open Ecosystem for AI Creators

2024-08-15

Main Takeaways:

Binance Labs has invested in MyShell, a decentralized AI ecosystem that allows everyone to build, own, and share AI Apps, through Binance Labs Incubation Season 6.

By integrating dispersed talents and open-source models, and utilizing AI and blockchain's inherent composability, MyShell is paving the way for the Crypto x AI future.

Binance Labs, the venture capital and incubation arm of Binance, has invested in MyShell through Labs Incubation Season 6. MyShell is a decentralized AI ecosystem converging an AI model layer that allows everyone to build, share, and own AI Apps.

MyShell was launched in April 2023 with their core philosophy revolving around fostering an equitable creator ecosystem. MyShell’s four pillars—an open-source model layer, AI creator platform, AI app store, and incentive network—aim to build a future where AI flourishes through open collaboration, accessible tools, and equitable monetization for everyone.

“Binance labs recognizes the power of AI technology and has always wanted to support and back AI-powered consumer applications. We look forward to seeing MyShell develop a solid creator economy based on AI and crypto,” said Yi He, Co-Founder of Binance and Head of Binance Labs.

“MyShell is building composable and multimodal AI primitives with real use cases and broader adoption. We're excited to build an open ecosystem that revolutionizes traditional AI production, and we're thrilled to have Binance Labs on board in realizing this vision,” said Ethan Sun, Co-Founder, MyShell.

MyShell was incubated through Season 6 of the Binance Labs Incubation Program.

#LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn #SahmRule #BlackRockETHOptions $ETH $BTC $BNB