Binance Labs Invests in MyShell Through Binance Labs Incubation Season 6 to Scale Open Ecosystem for AI Creators

Main Takeaways:

• Binance Labs has invested in MyShell, a decentralized AI ecosystem that allows everyone to build, own, and share AI Apps, through Binance Labs Incubation Season 6.

• By integrating dispersed talents and open-source models, and utilizing AI and blockchain’s inherent composability, MyShell is paving the way for the Crypto x AI future.

Binance Labs, the venture capital and incubation arm of Binance, has invested in MyShell through Labs Incubation Season 6. MyShell is a decentralized AI ecosystem converging an AI model layer that allows everyone to build, share, and own AI Apps.

MyShell was launched in April 2023 with their core philosophy revolving around fostering an equitable creator ecosystem. MyShell’s four pillars—an open-source model layer, AI creator platform, AI app store, and incentive network—aim to build a future where AI flourishes through open collaboration, accessible tools, and equitable monetization for everyone.

“Binance labs recognizes the power of AI technology and has always wanted to support and back AI-powered consumer applications. We look forward to seeing MyShell develop a solid creator economy based on AI and crypto,” said Yi He, Co-Founder of Binance and Head of Binance Labs.

“MyShell is building composable and multimodal AI primitives with real use cases and broader adoption. We’re excited to build an open ecosystem that revolutionizes traditional AI production, and we’re thrilled to have Binance Labs on board in realizing this vision,” said Ethan Sun, Co-Founder, MyShell.

MyShell was incubated through Season 6 of the Binance Labs Incubation Program.

To apply for the current Binance Labs Incubation Season 7, submit your application here. This program is tailored to founders starting early-stage Web3 projects. More details of the program can be found here.

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About Binance Labs

As the venture capital arm and incubator of Binance, Binance Labs is dedicated to empowering early-stage projects and leading the growth and development of the Web3 ecosystem. Since our founding in 2018, we have consistently focused on the long-term, and provided strategic support and funding to projects, regardless of market cycles.

As a chain- and sector-agnostic venture capital leader in the Web3 space, we back everything from infrastructure to application layers, and our focus has consistently been on tech innovation with meaningful product-market fit and sustainable revenue models.

Binance Labs’ portfolio covers over 250 projects from over 25 countries across six continents. More than 65 of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.

About MyShell

MyShell (myshell.ai) is a decentralized AI consumer ecosystem that allows everyone to build, share, and own AI Apps. They have laid the foundation for future Crypto x AI with a model layer, AI creator platform, AI app store, and incentive network. MyShell has integrated hundreds of open-source models and onboarded over 2 million users. For more information, follow MyShell on X.

Disclaimer: The information provided in this article is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. This article may contain forward-looking statements which are by nature subject to risks and uncertainties. Investment in cryptocurrency and DeFi projects involves substantial risk, including the risk of complete loss. This article does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions.

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