Binance Labs have given money to 250 projects in 25 countries and have made 14 times more money back.
Binance Labs, which is part of the Binance cryptocurrency exchange, had a good year in 2023 by investing in 25 new projects. This success makes it clear that they are one of the most active investors in Web3 and blockchain startups.
Since it started in 2018, Binance Labs has gotten much bigger. They have put money into 250 projects in 25 different countries and have made a profit 14 times bigger than what they invested. Venture capital helped to start about 50 new companies, like Dune, Injective Protocol, Polygon, and SafePal, which are now top players in their industries.
Although the crypto market had some difficulties in 2023, Binance Labs still invested in new technology for the internet called Web3. This means that Messari recognized us as the investor who made the most investments in cryptocurrency companies in the second and third quarters of 2023. They put their money into two important areas: decentralized finance (DeFi) and Web3 gaming. They also helped projects involving zero-knowledge proofs, gaming platforms, and advanced DeFi protocols.
In 2023, Binance Labs made important investments in companies like Neutron, Radiant Capital Partners, Curve DAO, Helio Money, Xterio, Sleepless AI, Delphinus Labs, and Arkham Token.
Binance Labs helped new business founders with advice.
Binance Labs gave money to new startups and also helped them learn and grow in 2023. These programs were designed to help Web3 startups grow over time and provide support to projects that are using the BNB Chain ecosystem from Binance. In all, more than 2,000 new businesses from all over the world wanted to be part of these special training programs.
Furthermore, in Season 7 of the Most Valuable Builder (MVB) Accelerator Program, Binance Labs added two new options and teamed up with CMC Labs, which invests in projects listed on CoinMarketCap. This teamwork wanted to help 100 new and creative ideas become successful businesses that use technology on the BNB Chain. This partnership shows that Binance Labs is dedicated to giving money and helping new blockchain creators succeed.
In 2023, Binance Labs did very well. They showed they are a big investor in the Web3 space and are good at finding and helping the people who are creating the new decentralized internet. The activities are really good at finding and investing in new and exciting companies, even when the market isn’t doing well. This shows that they are good at finding chances that can make a big difference.
They have many different types of investments, which shows that they are staying updated on new trends and developments in important areas like building things and making things for a lot of people to use. Binance Labs gives money to help people with good ideas for Web3. They want to help make the Web3 better in the future. They are not just waiting to see what happens, they are making it happen.
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