Binance Labs, the venture capital and incubation arm of Binance, has invested in MyShell through its Season 6 Incubation Program. MyShell, launched in April 2023, is a decentralized AI ecosystem that enables users to build, share, and own AI apps. With a focus on fostering an equitable creator ecosystem, MyShell has integrated hundreds of open-source models and onboarded over 2 million users.
Binance Labs, established in 2018, has consistently supported early-stage Web3 projects, providing strategic backing and funding across various market conditions. Their portfolio includes over 250 projects from 25 countries, with more than 65 emerging from their incubation programs. MyShell represents a significant step forward in the intersection of AI and crypto, offering a comprehensive platform that includes a model layer, AI creator platform, AI app store, and incentive network.
