CoinVoice has recently learned that on November 15, Dana Hou, who is responsible for business strategy and operations of Binance Labs, told Bloomberg that the department is currently more actively engaging with founders of crypto projects.
Dana Hou said that despite the unfavorable regulatory environment this year, Binance Labs will continue to invest in more cryptocurrency projects, including those based in the United States. Binance’s recent layoffs have not affected Binance Labs, and the team is still operating stably.
However, according to data analysis published on its official website, Binance Labs has reduced 10 team members since January, from 18 to 8. When asked about the resignation, Biannce Labs said it would continue to recruit and welcome new members to join the team.
Dana Hou said that Binannce Labs and other venture investors are now more focused on supporting startups that already have actual products and revenue. There was a time in the past when projects were hyped simply because they received venture capital investment, but recently in the crypto industry, hype is no longer so worrying. [Original link]
