Binance Labs, the venture capital arm of Binance, has announced its investment in MyShell through the Binance Labs Incubation Season 6 program. MyShell claims it’s creating a decentralized AI ecosystem, aiming to empower everyone to build, own, and share AI applications.
According to official blog, by harnessing the power of decentralized talent and open-source models, along with the inherent composability of AI and blockchain, MyShell envisions a future where cryptocurrency and AI work hand in hand.
“Binance Labs recognizes the tremendous potential of AI technology and is committed to supporting and backing AI-powered consumer applications,” said Yi He, Co-Founder of Binance and Head of Binance Labs. “We look forward to seeing MyShell build a strong creator economy rooted in AI and crypto.”
MyShell’s Co-Founder, Ethan Sun, expressed enthusiasm for the investment, stating, “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.”
