This article comes fromChain news (ID: chainnewscomChain news (ID: chainnewscom
), Author: Perry Wang, forwarded with authorization.
Binance, one of the worlds largest cryptocurrency exchanges, announced the establishment of Binance Incubator Binance Labs in May 2018. Zhang Ling, the project leader, graduated from Stanford Business School and has more than 14 years of cross-border experience in the high-tech industry and venture capital.
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Zhang Ling, the new President of Binance Incubator
According to Zhang Ling, Binance Incubator will be a social impact fund that will invest in blockchain and cryptocurrency companies, projects and communities, but not for profit. These investments are based on considering the entire ecosystem, not Binance itself. Zhang Ling revealed that the Binance Incubator team currently has 5 members. The team’s current focus includes basic public chains, decentralized exchanges, escrow accounts/payments/wallets, stable currencies, and compliant alternative investment systems. / Securities token trading platform, etc.
Prior to this, Huobi Labs, an incubator under the cryptocurrency exchange Huobi, signed an agreement with Tianya Community to build a global cultural and creative blockchain laboratory in Hainan Province and launch a $1 billion industrial fund. Support the development of the global blockchain industry.
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Efficient incubators make Ethereum stand out
For these projects, the process of building the Ethereum community has allowed them to see the important role of the incubator.
According to Andrew Keys, co-founder of ConsenSys Capital, under the impetus of ConsenSys, an incubation organization, not only high-quality projects based on Ethereum have been incubated, but also a large number of developers have been trained. He said that the development of the Ethereum ecosystem is far better than other blockchain projects, the number of developers in the Ethereum community is 30 times that of the next competitor.
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One Chain, One Incubator
In fact, on a global scale, since the beginning of last year, a large number of cryptocurrency acceleration platforms and incubation platforms have come out rapidly, especially for various public chain projects, incubators have become the standard configuration of ecological construction, which can be said to be one chain, one incubator.
These blockchain project accelerators and incubation platforms come in various forms, but the goal is very clear: to provide services for the blockchain technology ecosystem. Some of them will provide both funding and services, while others will only provide services. The idea behind these incubation platforms is to create a huge ecological stage for a certain cryptocurrency protagonist and create a set of prosperous communities.
In fact, on a global scale, since the beginning of last year, a large number of cryptocurrency acceleration platforms and incubation platforms have come out rapidly. These blockchain project accelerators and incubation platforms come in various forms, but their goals are very clear: to provide services for the blockchain technology ecosystem. Some of them will provide both funding and services, while others will only provide services. The idea behind these incubation platforms is to create a huge ecological stage for a certain cryptocurrency protagonist and create a set of prosperous communities.
For example, Waves, a well-known Russian blockchain project that provides token storage and trading solutions, previously launched Waves Lab to provide support for pre-ICO projects and teams that adopt Waves platform solutions. The selected start-ups will receive up to 300,000 USD funding. In addition to seed funding, they provide start-ups with legal support and consulting services, technical resources, and PR and marketing services. Given the current unregulated chaos in the ICO world, they want their fees to be fully compliant with the latest regulations.
At the same time, the NEM Foundation, which created the NEM blockchain platform, joined hands with Australias Blockchain Global to launch a blockchain center in Kuala Lumpur, Malaysia, as an incubator, accelerator and co-working space for blockchain start-ups. It can be expected that this will help start-ups interest in adopting NEM platform systems. The foundation plans to spend about $400 million in 2018 to fund its global expansion plans, with $5 million of that going to support startups incubated at the blockchain hub.
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Incomplete list of blockchain incubators
In fact, the long list of accelerator platforms can’t be seen at a glance. We have sorted out a list as follows - of course, this list is just the tip of the iceberg of blockchain incubators and accelerators.
