Binance Labs has a role to play in helping Blockchain start-ups and projects. In this context, it provides funds for new projects. This gives advantages to the projects in question. In addition, Binance Labs also does due diligence. Yan, they don’t accept every project. So, investing in these elections is safe, according to crypto expert Camille Lemmens. From this point of view, the expert takes a look at the projects that made 50x after Binance Labs’ investment.
First project invested by Binance Labs: Polygon (MATIC)
Polygon is one of the most popular projects on the market. As you follow on Kriptokoin.com, they have continuously formed new partnerships this year. On the Binance Labs roadmap, it is in a pole position with x248 at the current MATIC price of $0.6389. That ROI was x1123 at his $2.92 ATH. This happened in December 2021. The second project is currently miles away with 78.5x ROI. Polygon is a layer-2 solution on top of Ethereum. It addresses the shortcomings of Ethereum. For example, Polygon provides fast and low-cost transactions. Other features such as
- An NFT domain and community.
- zkEVM Mainnet Beta version is live.
- Launch of Polygon 2.0 version; value layer of the internet.
In second place is the metaverse coin Sandbox (SAND)
Sandbox is one of the first metaverse coins to go live. A platform that also offers gaming experiences. You have the possibility to create your own games and voxel art. It also offers a marketplace. Native tokens SAND. Sandbox’s ROI is 78.7x. That’s relative to the current SAND price of $0.3860. During its $8.40 ATH in November 2021, the ROI was 1680x. The team remains active during this bear market. For example, right now the team is busy with,
- Financing 17 new game projects. Some are still hidden.
- Distribution of grants to approximately 100 NFT producer artists.
- Support to local community administrators. In this way, the worldwide awareness of Sandbox will increase.
Another metaverse conin, Axie Infinity (AXS), is also on the list
Axie Infinity is one of the most successful Blockchain games to date. It entered the market in 2018. From a Binance Labs return perspective, it delivered a 63.1x return. This equates to the current AXS price of $4.91. During the ATH of $164.90 in November 2021, this ROI was 2061x. In the game you need a set of cute monsters, Axies, in the form of NFTs. Besides playing with opponents, you can also train your Axies. Axie Infinity stands at the cradle of the play-to-earn (P2E) movement. However, the game has evolved in many ways and is ready for the next Blockchain gaming bull run.
Binance Labs didn’t forget MultiversX (EGLD) either
You may know MultiversX as Elrond. In November 2022, they rebranded and consolidated everything Elrond as MultiversX. It has smart contracts and is up for the challenge for market share. That means buying Ethereum or Solana and the like. For example, it’s pretty fast with 15,000 TPS (transactions per second). It is also easily scalable. So, it’s a project that needs a closer look.
EGLD’s current price of $ 30.52 has increased 61.8 times. However, if we look at its ATH of $545.64 in November 2021, that means 1091x. The project is now literally entering the metaverse. For this, they use three main super apps to power the project.
- xFabric: A sovereign Blockchain module with core Blockchain applications.
- xPortal: The metaverse portal where your avatar lives. It also includes all the financial features of the project. For example, bank cards.
- xWorlds: A network of interoperable metaverses.
An M2E project STEPN (GMT) comes last.
STEPN combines lifestyle with Social-Fi and Game-Fi. He started the Move-to-Earn (M2E) movement. You can buy one of the NFT shows and join the movement. Every step you take matters. Whether you run, walk or jog, it doesn’t matter. STEPN calls Solana her home. For Binance Labs, the project has grown 39.4x. This is with the current GMT price of $0.1927. In April 2022, it had its ATH at $4.11. At that time, the ROI was 822x.
The opinions and recommendations in the article belong to the experts and are not investment advice. Therefore, we recommend that you do your own research before investing.
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