Binance Labs Invests in ARKM Token
Binance Labs, the venture capital and incubator arm of Binance, has announced an investment in ARKM, the native token of the blockchain platform Arkham. The investment aims to support on-chain insights at scale across the blockchain ecosystem, according to a blog post on Binance’s website.
The platform’s proprietary technology advances how on-chain intelligence is produced and shared, according to Binance Labs investment director Alex Odagiu. The platform allows individuals or organizations to conduct their own research and participate in the intelligence economy with rewards powered by the ARKM token.
Arkham’s mission is to deanonymize blockchain transactions and strengthen self-regulation. The platform is based on a proprietary artificial intelligence (AI) engine known as ULTRA, which algorithmically matches addresses with real-world entities, enabling users to track entity relationships and fund flows.
Arkham Intel Exchange
Arkham introduced one of the world’s first on-chain intelligence exchanges, the Arkham Intel Exchange. This decentralized intelligence economy matches buyers and sellers of blockchain intelligence and allows users to generate intelligence to capture value for their work in exchange for the ARKM token.
Binance Labs declined to specify the amount of the investment. In response to the news, the ARKM token has surged more than 30% over the past 24 hours, reaching an all-time high market value of $100 million on Nov. 15, according to data from CoinGecko.
Hot Take: ARKM Token’s Surge
The recent surge in ARKM token’s value following Binance Labs’ investment signals growing interest in blockchain intelligence platforms. With its unique approach to deanonymizing blockchain transactions and enabling participation in the intelligence economy, Arkham is poised for further growth as it continues to attract attention from investors and users alike.
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