Binance Labs, the capital arm of the company, has announced it is launching a $500 million investment fund to focus on the blockchain and Web3 sector.
Binance Labs, the venture capital arm of the leading crypto exchange, has announced the launch of a new fund that will focus its action on Web3 and blockchain technologies. The fund, which will launch with $500 million in capital, will invest in companies that take cryptocurrencies and extend their use cases using Web3 and other technologies.a new round of investments seeking to diversify its investment portfolio.
The fund, which will have $500 million at its disposal, will seek to put money behind projects aiming to extend the functions of cryptocurrencies.The fund has the participation of DST Global Partners and Breyer Capital, amongst other firms and investors. Binance CEO Changpeng Zhao stated that one of the objectives of this fund is to ease the connection of elements destined to accelerate the adoption of these new technologies.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance Labs Introduced a $500 Million Fund to Focus on Web3 CompaniesBinance Labs plans to allocate its multimillion fund to businesses that encompass the Web3 industry.
Read more »
Binance CEO Changpeng Zhao breaks down new $500 million fund for web3 investing despite volatilityBinance CEO Changpeng Zhao joins CNBC's 'Squawk Box' to discuss volatility in the crypto markets and the crypto exchanges raising $500 million for new web3 investments despite the downturn in bitcoin prices and other tokens.
Read more »
Binance Labs Launches $500M Fund for Blockchain and Web3 | CoinMarketCapBinance closed a massive investment fund with support from several global institutional investors.🤑 By CMCAlexandria Read more! 👇
Read more »
Binance Labs loses top two executivesBinance Labs has lost two veteran employees, The Block has learned. Head Bill Qian is set to leave and ED Nicole Zhang has already left.
Read more »
15 Best Father's Day Gift Ideas Under $100, $300, and $500Treat dad to nothing but the best this Father's Day with gifts at every price range.
Read more »