Binance invests another $5 million in Ultiverse.
Leading crypto asset trading platform Binance has announced that it has invested another $5 million in metaverse gaming startup Ultiverse. Binance Labs, the company’s venture capital arm, made another $4.5 million investment in the venture on March 18.
Tura Binance was accompanied by investors such as DeFiance Capital, Three Arrows Capital and SkyVision Capital. The investment was made through the sale of Ultiverse’s governance token MXS.
Binance Labs director Nicole Zhang told The Block on the subject that the investment was made in order to have a say in shaping the future plans of the team.
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