Original | Odaily Planet Daily (@OdailyChina)
Author | Asher (@Asher_ 0210 )
Recently, although the direction of BTC's trend is still unclear, the number of crypto projects that have received financing has continued to increase. Paying attention to the financing trends in the primary market may provide some insights into the future hot tracks. Among many investment institutions, Binance Labs is the most concerned by the community. Therefore, Odaily Planet Daily has compiled the project profiles and interaction strategies of the five projects invested by Binance Labs as of August today, namely: MyShell, Particle Network, Corn, Sahara AI, and Solayer.
MyShell: A decentralized AI ecosystem
Project Introduction
Image source: Official Twitter
MyShell is a decentralized AI ecosystem that allows everyone to build, own and share artificial intelligence applications. It is reported that MyShell's application scenarios in the field of crypto ecology include: AI raw pictures, videos, games, personal assistants and other diverse scenarios, and the number of registered users has exceeded three million. MyShell provides AI creators with rich and in-depth AI creation tools through the model layer and developer platform, and effectively motivates creators through Crypto, organically integrating the creation and consumption process of creators and users. With the gradual development of the ecology, the bilateral network effect will become stronger and stronger, and eventually become the moat of MyShell.
On August 15, Binance Labs announced its investment in MyShell through its sixth incubation program. Previously, MyShell had completed secondary financing with a total amount of nearly US$17 million, including:
In October 2023, MyShell announced that it had completed a $5.6 million seed round of financing at a valuation of $57 million. This round of financing was led by INCE Capital, with participation from Hashkey Capital, Folius Ventures, SevenX Ventures, etc.
In March 2024, MyShell announced the completion of US$11 million in Pre-A financing, led by Dragonfly, with participation from Delphi Ventures, Bankless Ventures, Maven 11 Capital, Nascent, Foresight Ventures, GSR, Animoca Ventures, Nomad Capital and OKX Ventures, as well as many well-known angel investors such as Balaji Srinivasan, Illia Polosukhin, Casey K. Caruso, Santiago Santos and others.
Binance Labs announces investment in MyShell
Interactive Tutorial
Interactive website: https://app.myshell.ai/zh/rewards-center/earn
Enter the interactive website and participate in the Points Carnival Season event to earn points by logging in daily, completing on-chain interactions on the opBNB chain, binding a Discord account, enhancing images, talking to the integrated AI robot or making voice calls, inviting friends, etc. The MyShell page shows that points can be exchanged for Shell Coins after the event, and Shell Coins will serve as vouchers for future airdrops.
Particle Network: Modular L1 Chain
Project Introduction
Image source: Official Twitter
Particle Network is a modular L1 blockchain that provides chain abstraction infrastructure through four core functions: universal accounts, universal liquidity, universal gas, and Particle L1 chains. By creating universal accounts, providing users with a single address and interaction point across chains, while abstracting gas and unified liquidity, chain abstraction is powered, which enables existing L1 and L2 to seamlessly coordinate between ecosystems.
On August 1, Binance Labs announced its investment in Particle Network. Prior to this, Particle Network had completed three rounds of financing, totaling US$23.5 million, namely:
In May 2022, Particle Network announced the completion of a $1.5 million Pre-Seed round of financing, led by Longhash Ventures, with participation from nsignia Ventures Partners, Cyberconnect, Monad Labs, Bitcoke Ventures, 7 OClock Capital, FSC, and several well-known individual investors and Internet founders.
In March 2023, Particle Network announced the completion of a US$7 million financing round led by ABCDE, with participation from Animoca Brands, Longhash Ventures, GSR Ventures, ArkStream Capital, OP Crypto, HashKey and other institutions;
In June 2024, Particle Network announced the completion of a US$15 million Series A financing round, which was jointly led by Spartan Group and Gumi Cryptos Capital, with participation from SevenX Ventures, Morningstar Ventures, Flow Traders, HashKey Capital and others.
Binance Labs Announces Investment in Particle Network
Interactive Tutorial
Interactive website: https://pioneer.particle.network/zh-CN
STEP 1. Enter the interactive website, connect your wallet, bind your Twitter account, official account, and join the official Discord to complete the login.
STEP 2. Exchange USDG through Sepolia ETH test token (click here to jump to the link).
STEP 3. Task 1: Click on the “POINTS” column, scroll down and sign in daily. Each sign in consumes USDG.
STEP 4. Task 3: Complete up to 10 wallet transfer interaction tasks per day to earn extra points, which is a daily task.
STEP 5. Task 4: Use test coins to purchase NFTs, up to 5 times a day to get extra points, which is a daily task.
STEP 6. Extra bonus: If you meet any of the conditions in the picture below, you can get extra points (click here to jump to the link).
Corn: Building a high-yield Ethereum L2 chain around Bitcoin
Project Introduction
Image source: Official Twitter
Corn aims to enhance the utility of Bitcoin and introduce new yield-generating opportunities. Corn is a new Ethereum L2 network that uses a tokenized Bitcoin, BTCN, as the network's gas fee and economic incentives. It not only supports native BTC cross-chain bridging functions, but also uses BTC as a fuel token and integrates DeFi applications of leading protocols, solving the immediate needs of Bitcoin in the DeFi field.
On August 19, Corn completed a US$6.7 million seed round of financing, led by Polychain Capital, with participation from Binance Labs, Framework Ventures, OKX Ventures, HTX Ventures and Relayer Capital.
Binance Labs announces investment in Corn
Interactive Tutorial
On the one hand, Corn has now opened a new task on Galxe, and the event will end on August 23, so hurry up and complete it.
Interactive website: https://app.galxe.com/quest/CORN/GCJZttxWSs
This period's task in Galxe requires a Galxe passport and participation in simple Twitter social and Discord identity authentication tasks. A total of 2500 points.
On the other hand, this morning, the official announced that it will hold an event at 11 pm Beijing time today to announce the details of the early access airdrop event. Only qualified Bitcoin and Ethereum wallets that have used one or more partner agreements in the past year can participate. Users with symbol conditions can be the first to experience the new application. In addition, at this stage, users will be able to deposit various assets to earn points, which can be exchanged for Corn airdrops in the future.
An early access airdrop event will be held at 11pm tonight
Sahara AI: Decentralized AI Blockchain Platform
Project Introduction
Image source: Official Twitter
Sahara AI is a decentralized artificial intelligence network that allows everyone to leverage their knowledge capital to discover monetization and automation opportunities through artificial intelligence. The initial launch of the foundational products include Sahara Knowledge Agent (KA) and Sahara Data.
On August 14, Sahara AI announced the completion of a new round of financing, led by Binance Labs, Pantera Capital and Polychain Capital, with participation from Samsung, Matrix Partners, Siam Commercial Bank, dao5, Alumni Ventures, Geekcartel, Nomad Capital, Mirana Ventures, etc. The new funds will be used to further expand the global team, improve the performance of its AI blockchain, and accelerate the construction of its developer ecosystem. It is reported that this is Sahara AI's Series A financing, with a total financing amount of approximately US$43 million.
Binance Labs announces investment in Sahara AI
Interactive Tutorial
Currently, the project is in its early stages and the activity on Galxe has ended. Please pay attention to new tasks in the future. The link of Sahara AI on Galxe is: https://app.galxe.com/quest/SaharaAI. You can currently fill out an application to join the waiting list to get early access and the latest updates. The link to fill out is: https://www.sahara.ai/.
Solayer: Solana Ecosystem Re-staking Protocol
Project Introduction
Image source: Official Twitter
Solayer is the Solana ecosystem Restaking market, whose goal is to support the development of on-chain Dapps by increasing network bandwidth while ensuring the security of Layer 1. Solayer uses the economic principles of staking to expand the security of Solana's base layer. Through this innovative method, users can participate in the decentralized validator network and contribute to the security and decentralization of the Solana ecosystem. Users can strengthen the decentralization of the Solana network by staking assets, while earning native income through MEV-boost and earning an annualized rate of return (APY) from delegated assets.
On August 7, Binance Labs announced its investment in Solayer. In the previous round of financing, Solana co-founder Anatoly, Solana core circle influencer Ansem, Polygon co-founder Sandeep, Babylon chief strategy officer Dong Xinshu, Tensor co-founder and Solend founder all participated in Solayer’s previous round of financing.
Binance Labs announces investment in Solayer
Interactive Tutorial
Interactive website: https://app.solayer.org/dashboard/
STEP 1. Enter the interactive website and connect your wallet, complete social tasks, and fill in your email address to enter.
STEP 2. Participate in staking SOL tokens (currently staking 10 SOL can unlock the invitation code). The current annualized rate of return for staking SOL is 8.12%.
