Binance Labs Grants $45000 to 3 Open-Source Blockchain Startups

Binance Labs, a investment arm of cryptocurrency sell Binance, has awarded grants of $15,000 any to 3 startups building open-source blockchain technologies.

Receiving a grants are Ironbelly, a mobile wallet for a Grin/Mimblewimble blockchain; HOPR, privacy-preserving messaging protocol; and Kitsune Wallet, an upgradeable on-chain wallet.

The 3 startups are now a initial “fellows” of Binance Labs’s Fellowship program, that supports and supports early-stage open-source expansion projects, according to a blog announcement Friday.

According to Binance Labs executive Flora Sun, innovation requires “an intent village of developers and entrepreneurs who suppose ideas and emanate new projects to move products to market.”

She continued:

“Our partial is to support early-stage projects that are assisting to emanate a building blocks and infrastructure for incomparable application and enabling expansion in a blockchain market.”

Binance Labs also operates an Incubation Program that supports early-stage blockchain projects. Back in December, a sell announced a expansion of a incubator module to 5 new cities: Berlin, Buenos Aires, Lagos, Singapore and Hong Kong.

Last month, a Argentinian supervision pronounced it would be matching investments in internal blockchain startups done by Binance Labs and LatamEX Founders Lab, a internal startup incubator.

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