Binance Labs, the venture capital arm and accelerator of Binance, comes to the fore with its investments in the crypto market. BinanceLabs has invested in over 200 projects from 25 countries since 2018. It has also incubated more than 50 Web3-specific projects, including Polygon, Perpetual Protocol, and Dune Analytics, through the Binance Labs Incubation Program. The giant crypto exchange continues its investments without slowing down this year with 16 projects.
Binance Labs invests $10 million in DeFi project Radiant
cryptocoin.com As you follow, Binance Labs, the venture capital arm of the world’s leading crypto exchange Binance, invested $10 million in decentralized crypto lender Radiant Capital (RDNT) about two weeks ago. Radiant brings this target to market by taking on the fragmented liquidity that surrounds the DeFi ecosystem. The platform promotes this by allowing users to leverage a bridging innovation to borrow and lend across any blockchain. Meanwhile, its developers built Radiant’s lending and borrowing protocol on top of LayerZero. It is worth noting that LayerZero is one of Binance Labs’ portfolio companies.
Giant stock market invested in five extraordinary projects
Binance Labs, the venture capital and incubator arm of Binance, announced in June that it is investing in top-performing projects in Season 5 of its renowned Incubation Program. The culmination of the 5th season of the Incubation Program was the Build The Block event, where the Season 5 group had the opportunity to present their projects to industry leaders and investors. As a result, Binance Labs has funded five exceptional projects, including Bracket Lab, DappOS, Kryptoskatt, Mind Network and zkPass.
⚡JUST IN: @BinanceLabs has announced investment in 5 projects from the Season 5 of its Incubation Program!@Bracket_Labs_ @dappOS_com @kryptoskatt @mindnetwork_xyz @zkPass
— BSC News (@BSCNews) June 20, 2023
More than 900 cryptocurrency projects have applied to Binance’s program. However, a select group participated in the programme, accounting for less than 2% of the total applicants. Throughout the season, attendees had engaging fireside conversations with exclusive resources and industry leaders from the ecosystem. They also benefited from a tailored curriculum that catered to their specific needs as founders.
Other projects Binance Labs has invested in this year
Binance, the world’s largest cryptocurrency exchange, invests in projects that it sees as a future through BinanceLabs. The stock market generally prefers to determine the projects it will invest in during the incubation period. To this end, it organizes various programs to determine its performance. Looking at Binance’s investment history, we do not see any loss of momentum this year, although the bear market continues. In the meantime, it is possible to say that the stock market is more comfortable in listing the projects it has invested in.
Other companies that have received investments from Binance are: Gameta, Xterio, Polyhedra Netwok, Maverick, Web3Go, Neutron, DappOS, Playbux, Rumby Stars, FilSwan.
