hey isnt it the first waves lab project?

Hello,

Yes it is the first waves lab project. We are excited about it

What's the waves lab project?

Details here: http://waveslabs.com/
This means that waves provides full support for this project.

Interesting, all this is paid?

The website says that "We provide seed funds (up to $300k), legal support, advice, resources, PR & Marketing."
There is no exact amount)

its quite good, more like supporting the whole process of a project

I think Waves is setting the pace in that regard, dont know of any other platform that supports startups the way they do.