Finding promising cryptocurrency projects before they explode can be a challenge, but one strategy is to look at what top-tier venture capital firms are investing in. Binance Labs, among others, is a notable VC in the crypto space. In this article, we will explore seven projects that Binance Labs has recently invested in.
1) Polyhedra Network: Polyhedra Network is focused on building infrastructure for Web3 using zero-knowledge proofs (ZKPs) technology. They offer various solutions like zkBridge, which connects Web2 with Web3 securely, and zkLightClient, which enhances security and performance. They have raised $25 million so far, including funding from Binance Labs.
2) Tabi: Formerly known as Treasureland, Tabi is an NFT marketplace on the BNB Chain. It also functions as a gaming platform and has raised $11 million to date, with investors like Animoca Brands and Binance Labs.
3) zkPass: zkPass is a private data protocol that utilizes ZKPs, multi-party computation (MPC), and transport layer security (TLS). Their main feature is TransGate, which allows users to confirm their data on any HTTPS website while keeping it private. They have raised $2.5 million so far, with investments from Sequoia and OKX Ventures.
4) Aptos: Aptos is an established layer 1 chain that has its token called APT. They have raised at least $350 million through strategic rounds and funding from investors like a16z and Coinbase Ventures.
5) AltLayer: AltLayer is a decentralized and open layer 2 solution that allows developers to launch application-tailored Rollups. Its main focus is scalability and it offers pay-as-you-go blockchains for one-off projects. They raised $7.2 million during a seed round in July 2022, with Binance Labs as the lead investor.
6) Web3Go: Web3Go is a data intelligence network that uses AI to power its data tools. They aim to provide an understanding of blockchain data and raised $4 million in a seed round, with investments from Hashkey Capital and Binance Labs.
7) KiloEx: KiloEx is a perpetuals DEX on multiple chains where users can short or long trades with leverage. It offers good risk management and has received investment from Binance Labs.
These are just a few examples of promising projects that have caught the attention of Binance Labs. Keep in mind that investing in cryptocurrencies carries risks, so it’s important to do your own research and exercise caution.
Hot Take: Binance Labs Invests in Crypto Gems – A Look at Seven Projects
Binance Labs, one of the top-tier venture capital firms in the cryptocurrency space, has been investing in several promising projects. These projects include Polyhedra Network, Tabi, zkPass, Aptos, AltLayer, Web3Go, and KiloEx. Each project offers unique solutions and has received significant funding from Binance Labs and other notable investors. While these projects show great potential, it’s important to remember that investing in cryptocurrencies carries risks. Conduct thorough research and exercise caution when making investment decisions.
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