According to ChainCatcher, The Block reports that the DeFi protocol Shogun's developer, Intensity Labs, has completed a $6.9 million seed round financing, led by Polychain Capital and DAO5, with participation from Arrington Capital, Arthur Hayes' family office Maelstrom, and Build-a-Bera. Additionally, angel investors such as Cobie, Ansem, Ser Shokunin, and Meltem Demirors also participated in this round of financing. Co-founder Rahul Patel stated that this round of financing brings Shogun's fully diluted token valuation to $69 million.It is reported that Shogun is incubated by Binance Labs. In March of this year, Binance Labs invested in a total of 7 startups, including Shogun, during its sixth incubation program.Additionally, the Web3 asset data platform RootData shows that Shogun is an order flow aggregator and a smart liquidity router for modular networks, initially launched on Cosmos.

ChainCatcher news, Binance Labs has invested in seven projects in its sixth season of the incubation program, specifically:Decentralized Finance:Derivio - a decentralized structured derivatives ecosystem on zkSync, aimed at unlocking the full potential of DEX for users, builders, and institutions.Ethena - a derivatives infrastructure provider dedicated to transforming ETH into the first crypto-native yield stablecoin that does not rely on the banking system.Shogun - an intent-driven protocol designed to maximize traders' extractable value (TEV) through optimized order flow and complete chain abstraction.Infrastructure:UXUY - a multi-chain platform based on MPC and AA wallet technology, featuring intent-driven functionality that minimizes the entry barriers for decentralized trading.Application Layer:Cellula - a fully on-chain autonomous life simulation strategy game that offers composability and persistence.NPFrompt - an AI-driven UGC platform designed for the new generation of Web3 creators, encompassing all emerging standards such as NFT, inscription, and 404. An integrated platform that powers AI creation, social communities, and commercialization.QnA3 - an AI-driven Web3 knowledge sharing and search platform. With its proprietary data lake, QnA3 allows users to easily access Web3 information and knowledge with just a click.

ChainCatcher news, Binance Labs announced the first three projects incubated in its S6 (Incubation Season 6) on its official social media accounts, including: Ethena Labs, NFPrompt, and Shogun.Ethena Labs is a derivatives infrastructure provider aimed at transforming ETH into the first crypto-native yield stablecoin that does not rely on the banking system.NFPrompt is an AI-driven UGC platform designed for the new generation of Web3 creators, supporting all emerging standards including NFTs, inscriptions, and 404. It is an integrated platform powered by AI for creation, social communities, and commercialization.Shogun is an intent-centric protocol designed to maximize traders' Extractable Value (TEV) through optimized order flow and complete chain abstraction.