According to the official blog, Binance Labs announced the 7th season MVB accelerator program with a list of 13 selected teams, which will undergo a 10-week course. The 13 selected projects are: BitU, a crypto-native collateralized stablecoin protocol, Blum, a hybrid trading platform, Surf, a liquidity center for all long-tail foreign assets, Vooi, a cross-chain perp DEX aggregator supporting EVM and non-EVM chains, Aggregata, a decentralized project that extends AI data, Nesa, a lightweight Layer-1, Nimble, a composable AI protocol, Aspecta, an AI-driven platform, Holoworld, a decentralized AI role market and social platform, Opinion Labs, a dynamic opinion and continuous prediction market, Side, a gaming and social platform, Story Chain, an AI-based dApp, and Tilted, a TikTok-like market.

Web3 app store Magic Square, supported by Binance Labs and others, acquired token issuance platform TruePNL for an undisclosed amount. Andrey Nayman, founder and CEO of Magic Square, said "the acquisition was entirely cash-based." Under the transaction agreement, Magic Square has acquired the entire front-end and back-end infrastructure of TruePNL, but Nayman said, "excluding brand names, domain names, social media accounts, and TruePNL (PNL) tokens."

Binance Labs has announced its investment in the first batch of projects for its sixth season incubation program, covering derivative infrastructure provider Ethena, AI-driven user-generated content (UGC) platform NFPrompt, and DeFi protocol Shogun, which focuses on rotatoooors and intent. The specific investment amount has not been disclosed. In September last year, Binance Labs announced the selection of 12 projects for the sixth season incubator, including UXUY, BBOX, etc.

Binance Labs clarified on social media that "SkyArk Chronicles" is a project incubated and invested in by Binance Labs during the third phase of its incubator program in 2021; Binance Labs did not participate in the latest round of financing announced by the project this year. On January 12th, the 3A game platform SkyArk Chronicles announced on social media that it had completed a $15 million financing round led by Binance Labs. However, the related links have since been deleted.

Binance Labs released MVB 7 application focus areas, including AI-empowered DApps, user-friendly SocialFi, blockchain games, digital identity and reputation protocols, content and data platforms using BNB Greenfield, and more.

Binance Labs, in partnership with BNB Chain and CMC Labs, has launched a new "founder track" as part of its MVB accelerator program. The MVB program, now in its seventh season, aims to support builders and grow the BNB Chain ecosystem. The newly added founder track will function as a venture studio dedicated to incubating 100 innovative ideas that address real-world needs, with projects receiving backing from Binance Labs and support in deploying their ventures on BNB Chain. The program's startup track will continue to provide tailored support to early-stage startups, with both tracks running concurrently. Applications for MVB Seven are open until January 15, 2024.

Dana Hou, responsible for Binance Labs' business strategy and operations, told Bloomberg that the department is currently making more active contact with cryptocurrency project founders. Despite this year's unfavorable regulatory environment, Binance Labs will continue to invest in more cryptocurrency projects, including those based in the United States. Binance's recent layoffs have not affected Binance Labs, and the team is still operating stably, Dana Hou said.Dana Hou said that Binance Labs and other venture capitalists are now more focused on supporting start-ups that already have actual products and revenue. In the past, projects would be hyped up simply because they received investment from venture capitalists, but hype is no longer as concerning in the cryptocurrency industry.

Binance Labs has expressed in a post that it sees potential in SocialFi for driving Web3 into the mainstream and has carried out a subsequent investment in CyberConnect, and will hold an AMA to further explore the opportunities for social integration within the entire ecosystem.