Binance Labs recently revealed its latest investments in four startups as part of its Season 6 incubation program, bringing the total to seven Binance Labs-backed projects from Season 6.

The projects range from decentralized finance (DeFi) to infrastructure and application layers. Let’s explore them:

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1. Cellula

Cellula is an artificial life simulation game designed to revolutionize blockchain gaming. This innovative game uses blockchain technology to provide decentralized and transparent gameplay, where life forms exhibit lifelike behaviors such as reproduction, mutation, and adaptation. 

Players take on a journey to evolve life forms from the smallest unit, the "cell." The game allows players to adapt their strategies based on changing environments and organism interactions all of which are securely stored on the blockchain.

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2. Derivio

Derivio steps into the limelight as a decentralized derivatives exchange offering structured derivatives for both retail and institutional traders. 

Built on zkSync and NEAR, Derivio stands as a structured derivatives ecosystem providing a spectrum of offerings, including synthetic derivatives, liquidity pools, derivative protocol suites, and DeFi derivative products. Derivio aims to redefine derivatives trading in a decentralized landscape through smart leverage, deep liquidity pools, and hedging solutions.

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3. QnA3.AI

QnA3[dot]AI emerges as a trailblazing Web3 knowledge sharing platform integrating AI-driven solutions. Powered by sophisticated AI models, QnA3[dot]AI's flagship product, the AI Agent, offers robust Q&A services tailored for the crypto community. 

Beyond addressing user queries, the protocol offers real-time market data, technical indicators, and innovative intent-centric trading services. By leveraging large language models, QnA3[dot]AI aims to deliver accurate and meaningful insights to users navigating the complexities of Web3.

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4. UXUY

UXUY reimagines decentralized exchange (DEX) platforms, offering a user-centric trading experience akin to centralized exchanges (CEX). Operating on a MPC-based platform, UXUY prioritizes gas-free solutions and cross-chain transactions. 

With features such as no seed phrases, exclusive gas credit quotas, and a stablecoin-centric environment, the protocol seeks to bridge the gap between DeFi and the Bitcoin ecosystem. 

UXUY reportedly ensures seamless trading across Ethereum, BNB Chain, Polygon, and Arbitrum networks by aggregating multiple cross-chain DEXes.

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Binance Labs Prioritizes Support for Founders in Incubation Season

Despite Binance Labs' incubation initiatives, the firm does not guarantee investment in every startup.

A Binance spokesperson revealed that the Season 6 program received applications from "hundreds" of projects, ultimately culminating in the selection of 12 startups—approximately 3% of the total applicants.

The incubation program's fifth season witnessed investments in 5 of the 12 startups selected in Season 4. With Season 7 on the horizon, the incubation program continues to seek forward-thinking founders for its upcoming cohort.

Binance Labs has recently intensified its investment activity. This includes backing notable projects such as the Bitcoin staking protocol Babylon, along with Ethereum restaking protocols Renzo and Puffer Finance.