WanLabs Being Phased Out

Wanchain started its incubator, WanLabs, nearly 6 months ago with the goal of guiding projects through the launch process in order to grow the Wanchain Ecosystem. We had the great opportunity of meeting exciting people and projects in the space throughout this time. However, the market has quickly evolved to one where many of the top projects are seeking traditional equity, joining traditional incubators or entering the security token space. We believe this will continue to evolve. We must focus first on building our own technology, developer community, business and brand. Although the current projects in WanLabs are still being managed by our business development team, we are no longer onboarding any new projects through WanLabs as it stands today.

We are now shifting our focus on providing technical advisory to further grow the Wanchain Ecosystem. We are committed to continuing collaboration with established projects and new projects that can bring value to Wanchain. For example, we provided technical assistance to Chainlink as we brought on this critical established project for real world oracle data.

When we started WanLabs we believed the tokenization of the world’s assets was underway. In some capacity it was, but currently at a much slower pace than anticipated. We received hundreds of applications but only accepted a few through the incubator. Moving resources over to a sole focus on technical implementation will allow us to onboard fewer but higher quality dApps, protocols, DEXs, and similar companies.