Binance Labs Selects Bird to Participate in Season 3 of its Project Incubation Program
Bird receives formal investment from one of the industry’s most prestigious programs as Binance Labs becomes the official backer in the initial seed funding round for the first platform creating decentralized analytic products for Web 3.0
The Moment We’ve Been Waiting For!
It is with great honor and pride to be able to officially announce that Bird has been selected to participate in this season’s Binance Labs Incubation Program. We’re proud to be 1 of the top 9 teams selected from a reduced list of 396 finalists reviewed by Binance Labs and over 1000 applicants to the program. This truly sets Bird apart—along with the 8 other finalists in the Incubation Program—from the rest of the applicants as we engaged the application process much in the same way we approach our day-to-day operations: with professionalism, integrity and passion. To have been selected to receive the comprehensive and integrated support from the absolute leading innovators in the space is testimony to the value and necessity of the work we are doing here at the Bird Nest.
Bird has been selected to participate in this season’s Binance Labs Incubation Program.
Binance Labs Partnership Details
Binance Labs Fund and Bird have entered into an accord of terms for equity in Bird’s corporate entity in exchange for the capital investment of our seed funding round as well as acceptance into the Binance Labs Project Incubation Program, which involves the full support and access to Binance’s resources, mentorship and development programs that are utilized to ensure the success of their investments.
Bird’s Vision & Mission During The Program
During this once-in-a-lifetime opportunity for a tech startup project team we’ll be working with the industry leading project incubation platform which will comprehensively help foster growth and nurture Bird’s development. Everything from product development, R&D through to onboarding and marketing support.
Bird’s overarching mission and vision of delivering decentralized analytics to build the future of Web 3.0 are largely the reasons for being accepted into the prestigious Binance Labs Incubator Program.
Bird’s mission — to build the analytic products that will empower dApp developers building the platforms and products driving the future of Web 3.0, delivered in a permissionless way through our decentralized oracles and APIs — is the cornerstone for our acceptance to the Binance Labs Incubator Program and we plan to fully execute on this vision. Being a part of this prestigious incubation program allows us to put even more resources and effort towards achieving our goals, which ultimately shifts the balance of control in the way personal analytic data is collected, processed and served.
Fostering The #BUIDL Culture
Binance, the industry’s largest and most recognized cryptocurrency exchange, has always been at the forefront of creativity and innovation. Their relentless determination to grow the industry has been unmatched. Led by their visionary leader Changpeng Zhao, more commonly known as CZ, Binance has arguably done more to drive innovation in the cryptocurrency space than any other single entity. With his #BUIDL mindset, CZ and Binance introduced the industry to the Binance Labs Incubation Program, taking the top innovative projects in the space and nurturing them towards long-term success. Recently having announced a $1 billion dollar fund to help drive and foster the growth of their decentralized network, the Binance Smart Chain, CZ and his team at Binance have easily become the largest and most prominent investors of not only capital, but resources into the world’s fastest growing industry.
The Binance Labs Incubator Program
The Binance Labs project incubation program offers seed funding to projects selected through a rigorous vetting process. Apart from capital, the incubation program offers project teams support in various ways: technical assistance, engineering resources, marketing support, networking and partnership opportunities, mentorship and an array of other areas of valuable support.
The program has seen a number of success stories from its previous 2 seasons, such as: Polygon, Tellor, Marlin Protocol, Injective Protocol, SafePal, Cere Network and so many more. The intention of the program is focused on working with projects to become integral parts of the Binance product and services ecosystem.
More details may be found here: https://www.binance.com/en/support/faq/5f9c57b3c16242cfa6260b2eb63a98ce/
Some of the key program components include:
- An eight-week program timeline participating projects in the incubator program to utilize the Binance Labs ecosystem to the fullest
- Focus on mentorship from members within the Binance Labs community, key opinion leaders KOLs, and possible investor groups
- Binance Labs support for growth through efforts in PR, marketing and fundraising.
- Fireside chat sessions with Binance’s top-brass other prominent mentors in the cryptocurrency space for in-depth, detailed discussions
- Incubated projects will have the opportunity to present at Binance Labs Demo Day to formally present the progress and traction made during the program to an audience of investors and industry leaders
A Nod To Our Supporters
We know the flightpath we’ve been on has not been flown alone, so we’d like to take this opportunity to thank some very special people along the way:
Binance — Bird shares this very special honor of participating in the Binance Labs project Incubator with a select few other teams. We recognize the value and importance this selection holds in the entire field of blockchain and cryptocurrency. It cannot be overstated how appreciative the team at the Bird Nest are to have been selected to participate in the Binance Incubation Program. Thank you for supporting us and our vision for the future of Web 3.0 and decentralized analytics. We are ready to stand on the shoulders of industry’s giant and look forward to a bright future together.
The Bird Flock: To all the long-term supporters of Bird, our faithful Bird Flock, as well as anyone who has shared in our vision for a better, brighter future of decentralized analytics for the impending future of web 3.0. Those who have participated in our discussions and took the time to understand where we are heading with this intrepid project
Our Partners: A special thank you also goes out to our partners who provided us with the opportunity to work together. We’ve had the privilege of working with some of the best teams in crypto, doing some of the most revolutionary work and building some of the most unique products the space has to offer. We look forward to continue working with each and every one of them, as well as new partners looking to utilize our unique decentralized analytics products.
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Bird is empowering dApp developers to create the Web3.0 UX of the future by developing wallet-level machine learning prediction products that are accessible within a permissionless, decentralized on-chain oracle. Developers that integrate with our products can, for example, offer variable defi loans or launchpad investment terms based on Bird’s analysis of the wallet’s past behaviors as well as off-chain data streams.
Behavioral prediction products fueled the growth of Web2.0 companies such as Google and Facebook, but centralization had led to power and profit disparities. Combining the power of ML with open and decentralized technologies will enable Bird to create an entirely new tech business model. Operational decisions such as how sensitive data are used and what user behaviors are analyzed can be made by the community (i.e, token holders), with community profit-sharing serving to align the long-term incentives of Bird administrators and ecosystem users.