Binance Labs, the venture capital arm and accelerator of Binance, is coming to the agenda with its investments in the crypto market. Since 2018, BinanceLabs has invested in more than 200 projects from 25 countries. In addition, Binance Labs has incubated more than 50 Web3-specific projects, including Polygon, Perpetual Protocol, and Dune Analytics, through its Incubation Program. The giant crypto exchange continues its investments without slowing down this year with 16 projects.
Binance Labs' $10 million investment in DeFi project Radiant
Binance Labs, the venture capital arm of the world's leading crypto exchange Binance, invested $10 million in decentralized crypto lender Radiant Capital (RDNT) about two weeks ago. Radiant brings this goal to Sunday by taking on the fragmented liquidity that surrounds the DeFi ecosystem. The platform promotes this by allowing users to take advantage of a bridging innovation to borrow and lend across any Blockchain. Meanwhile, its developers have built Radiant's lending and Decoupling protocol on LayerZero. It should be noted that LAYERZERO is one of the portfolio companies of Binance Labs.
The giant stock exchange has invested in five extraordinary projects
Binance Labs, the venture capital and incubation arm of Binance, will launch the 5th edition of the famous Incubation Program in June. He announced that he invests in the projects that perform the best during the season. 5 Of the Incubation Program. the culmination of the season was the Build The Block event, where the Season 5 group had the opportunity to present their projects to industry leaders and investors. As a result, Binance Labs has funded five exceptional projects, including Bracket Lab, DappOS, Kryptoskatt, Mind Network and ZKPASS Dec.
More than 900 cryptocurrency projects have applied to Binance's program. However, a select group participated in the program, which accounted for less than 2% of the total application. During the season, the participants had interesting early January conversations with private resources from the ecosystem and industry leaders. They also benefited from a special curriculum that catered to their specific needs as founders.
Other projects that Binance Labs has invested in this year.
Binance, the world's largest cryptocurrency exchange, invests in future projects through BinanceLabs. The stock market usually prefers to determine the projects it will invest in during the incubation period. For this purpose, he organizes various programs that he conducts to determine their performance. Looking at Binance's investment history, we do not see a loss of momentum this year, although the bear market continues. By the way, it is possible to say that the stock exchange is also more comfortable with listing the projects it invests in. Dec.
Other companies that have received investment from Binance are: Gameta, Xterio, Polyhedra Netwok, Maverick, Web3Go, Neutron, DappOS, Playbux, Rumby Stars, FilSwan. #BTC
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