TLDR:
- Binance Labs has invested in MyShell, a decentralized AI ecosystem.
- MyShell aims to build a future where AI flourishes through open collaboration and equitable monetization for everyone.
Binance Labs, the venture capital and incubation arm of Binance, has announced an investment in MyShell through Labs Incubation Season 6. MyShell is a decentralized AI ecosystem that allows everyone to build, share, and own AI Apps. Launched in April 2023, MyShell’s core philosophy revolves around fostering an equitable creator ecosystem. The ecosystem consists of four pillars: an open-source model layer, AI creator platform, AI app store, and incentive network, all aiming to build a future where AI flourishes through open collaboration, accessible tools, and equitable monetization for everyone.
The Co-Founder of Binance and Head of Binance Labs, Yi He, expressed the organization’s support for AI-powered consumer applications and looks forward to seeing MyShell develop a solid creator economy based on AI and crypto. Ethan Sun, Co-Founder of MyShell, shared excitement about building an open ecosystem that revolutionizes traditional AI production and is thrilled to have Binance Labs on board to realize this vision.
MyShell was incubated through Season 6 of the Binance Labs Incubation Program, tailored to founders starting early-stage Web3 projects. Binance Labs, as the venture capital arm and incubator of Binance, is dedicated to empowering early-stage projects and leading the growth and development of the Web3 ecosystem. They have consistently focused on providing strategic support and funding to projects, regardless of market cycles, covering over 250 projects from over 25 countries across six continents in their portfolio.
MyShell is a decentralized AI consumer ecosystem that allows everyone to build, share, and own AI Apps. The platform has integrated hundreds of open-source models and onboarded over 2 million users, setting the foundation for future Crypto x AI with a model layer, AI creator platform, AI app store, and incentive network. This investment marks an important step in the development of MyShell and the advancement of AI technology within the decentralized ecosystem.
