Binance Labs’ investments in BNB-based startups
Binance Labs Fuels BNB Chain Growth Through Strategic Startup Investments
Binance Labs, the venture capital arm of Binance, is actively investing in startups that enhance the BNB Chain ecosystem. Through initiatives like the Most Valuable Builder (MVB) program and the BNB Incubation Alliance (BIA), Binance Labs provides funding, mentorship, and resources to promising Web3 projects.
In 2023, Binance Labs completed 25 investments, focusing on areas such as DeFi, Web3 gaming, and blockchain infrastructure. Notable investments include:
- Xterio: A Web3 gaming platform that bridges free-to-play and on-chain gaming, receiving $15 million to accelerate development and token launch.
- Radiant Capital: A DeFi protocol facilitating cross-chain lending and borrowing, aiming to streamline liquidity across multiple blockchains.
- Helio Protocol: A DeFi platform integrating over-collateralized lending and staking services, supported by a $10 million investment to enhance multi-chain scalability.
Additionally, Binance Labs invested in five standout projects from MVB Season 7, including Aggregata, Opinion Labs, SideKick, and Vooi, each contributing to the diversification and robustness of the BNB Chain ecosystem.
These strategic investments underscore Binance Labs’ commitment to fostering innovation and expanding the utility of the BNB Chain, positioning it as a leading platform for decentralized applications.
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