Binance Labs has made a strategic investment in hardware wallet manufacturer NGRAVE to protect the crypto industry.
Binance, one of the building blocks of the crypto industry, continues its investments in the sector. The company, which is called the world’s largest cryptocurrency exchange, strengthens its presence in different areas. Especially the recent FTX events paved the way for Binance to be the most powerful exchange. The CEO of the company, Changpeng Zhao (CZ), stated that he will aim to keep the crypto industry alive in the future. After all these processes, Binance Labs came up with a new investment.
Binance Labs Invests in NGRAVE
Binance CEO Changpeng Zhao (CZ) stated that cryptocurrencies will not disappear and his company will work for this industry. Recently, CZ also stated that he wants to create a more reliable and more useful industry.
After all these statements, the company announced that it made a new investment. Binance Labs has invested in NGRAVE and will also lead its participation in the Series A investment round.
“Security remains one of the biggest barriers to crypto adoption,” said Yi He, Binance Co-Founder and President of Binance Labs. Personal storage wallets are one of the most secure ways to store digital assets, and with our investment in NGRAVE, we want to continue to support innovative initiatives that improve user security.” said.
NGRAVE, the connectionless and highest security certified (EAL7) hardware wallet, offers the first complete solutions for self-surveillance.
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