🚀 Binance Labs, the venture capital arm of the Binance crypto exchange, has become an independent company. The changes took place earlier this year during CEO Richard Teng's four-month tenure. Binance Labs is no longer part of the Binance Group and is no longer involved in its activities, including the crypto exchange.

🤝 Despite the changes, Binance Labs continues to be active. Last month, the platform invested in Babylon, a Bitcoin staking protocol. Binance Labs also incubated three projects: Ethena Labs, NFPrompt and Shogu.fi.