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.