According to the official blog post, Binance Labs has invested in five projects in the fifth season of its incubation program. The selected projects cover various areas of Web3, including DeFi, infrastructure, tools, and middleware. The specific project details are as follows:
- zkPass, a composable, privacy-preserving decentralized authentication solution for Web3 based on multi-party computation (MPC) and zero-knowledge proof (ZKP) technologies. zkPass aims to provide a secure and privacy-preserving authentication solution for Web3 applications using the latest cryptographic techniques.
- Mind Network, a fully encrypted network built on the patented adaptive fully homomorphic encryption (FHE) framework to protect all user data, smart contracts, and AI on Web3. It is used as a decentralized privacy-preserving data lake, providing encrypted high-performance pay-on-demand data storage and computation.
- Kryptoskatt, a project to simplify Web3 finances for users worldwide, provides a comprehensive set of solutions including accounting, portfolio management, and tax reporting. Supporting 2,000+ DeFi protocols, 100+ exchanges and wallets, and 50+ blockchains, Kryptoskatt is a one-stop shop for all Web3 financial needs.
- Bracket Labs, a project building leveraged structured products on-chain with a simple interface and innovative adaptive pricing that greatly improves usability, launched BracketX.fi, a platform that helps traders quickly take advantage of volatility in both sideways and trending market conditions.
- DappOS, a project focused on building an operating protocol to lower the barrier to entry into Web3 by creating solutions that increase the usability and accessibility of Web3 applications.
