Binance

Binance Labs graduates 13 promising companies in second season

June 5, 2019, 4:43PM EDT

Binance Labs graduated 13 projects from its incubation lab, with burgeoning companies exploring iGaming, anti-phishing solutions, decentralized oracles and crypto security solutions among other projects.

“From in-app monetization to cash-to-crypto kiosks in Africa, this batch of projects represents the diversity in blockchain and entrepreneurship globally,” Ella Zhang, head of Binance Labs, said in a statement.

One company Zhang alluded to was Bit Sitka, which enables users to send bitcoin donations to African-based projects and set parameters on how the donation can be spent, ensuring the gift is used for its intended purpose.

Binance Labs is the venture arm of parent exchange Binance, incubating blockchain projects through regional chapters on three continents. The incubation program invests in projects it sees as contributing to the growth of blockchain. This most recent iteration of the program began in March and is slated to end when the teams pitch their demos to other blockchain investors at an invite-only event this Friday, June 7.

The third incubation program class will arrive in October, with applications opening soon, according to Binance Labs.

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