Binance has been at the heart of the cryptocurrency ecosystem for several months now. In 2022, the cryptocurrency exchange took a drastically different direction. In 2021, the stock market was subject to the whims of financial regulators. But a year later, the exchange remains at the forefront of the industry, setting unique standards for other exchanges. Binance has established several strategic partnerships over the past 30 days, such as:
Binance Labs partners with GoPlus Security
Most recently, Binance Labs, Binance’s venture capital, innovation and incubator arm, announced that it is leading an exclusive 2nd round of funding for GoPlus Security. GoPlus Security is the provider of the Web3 security infrastructure that protects most of the largest Blockchain networks with multidimensional risk detection to create a more secure Web3 ecosystem. GoPlus Security is the top security data supplier in 13 chains with more than 2 million data requests daily. In addition, GoPlus Security plans to develop a security services market by the end of 2022.
With this funding, GoPlus Security will be able to further improve security data, create a market for security services and hire senior staff to help build a decentralized security platform.
Developer grants distributed for November on web3 domain
The BNB Chain Developer Grant program is committed to providing tangible support to Web3 projects so they can move on to the next phase of development. The cryptocurrency exchange allocates investments of up to $500,000 per month to promising companies. This effort allows innovative teams and projects to migrate to BNB Chain, the world’s largest smart contract blockchain based on transaction volume and daily active users on the Web3.
In November, two decentralized apps were talked about crypto because of their innovative products and their capacity to generate community interest and enthusiasm. BNB Chain has pledged to provide financial assistance to Owl Protocol and Blockvision for their remarkable progress.
Owl Protocol
Owl Protocol develops open source smart contract primitives, SDKs, APIs and a codeless graphical user interface that will enable any artist, designer or developer to create incredible new applications for dynamic NFTs. Their aim is to develop tools that make Dynamic NFTs (dNFTs) accessible to anyone on any Blockchain, adhering to current standards, and to ensure that everything remains decentralized so that NFT owners retain ownership of their data at all times.
blockvision
BlockVision is an innovative multi-chain Node, Mempool, FT, NFT and DeFi API provider and developer portal for real-time data retrieval. With exceptionally low latency and excellent usability, BlockVision simplifies Web3 development. Blockvision enables developers to effortlessly capture any on-chain data with lightning-fast response times and cost-effective performance. December grant applications have started.
Binance Labs and Ambit Finance partnership
On December 2, Binance Labs contributed $4.5 million to Ambit Finance, a decentralized application that uses innovative structured financial products to increase the utility of BUSD and other elite cryptocurrencies. Ambit will provide new use cases for BNB Chain users by creating a BUSD-based stablecoin that will deliver sustained returns in all market conditions. Binance Labs and Ambit will also collaborate to promote future DeFi applications with an emphasis on innovation, security and risk management, and partner with projects within the BNB Chain ecosystem and beyond.
Exchange invests $4 million in Ultimate Champions
As we have also reported as Kriptokoin.com, Ultimate Champions is a Web3 sports game platform that will be built on BNB Chain. Binance Labs invested $4 million in Ultimate Champions. Ultimate Champions will use the funds to further develop their game, win other sports deals and expand their community. The project will eventually be launched on BNB Chain and placed on the Binance Fan Token Platform.
Ultimate Champions has also signed an exclusive deal with EuroLeague, Europe’s leading professional basketball management firm, and will enter fantasy basketball next year. This will allow players to enhance their fan experience and engage more closely with their favorite clubs. Charlie Guillemot, Co-Founder of Ultimate Champions, said:
Ultimate Champions’ goal is to bring Web3 sports games to a wider audience in a fun, accessible and free-to-play experience. We are delighted to renew and expand the Web3 sports gaming ecosystem with Binance Labs. We also believe that BNB Chain can be the solid platform on which our game can thrive.
Binance makes strategic investment in NGrave
Binance Labs has made a strategic investment in NGRAVE and will lead the upcoming Series A funding. Asset is a Blockchain and crypto asset security provider specializing in user-friendly, maximum security solutions, including key generation and advanced key recovery for crypto clients.
We're looking forward to developing more scholarship programs and new partnerships to allow people from all backgrounds to access training, research and knowledge in Web3! pic.twitter.com/3K21QiF8NA
— Binance Charity (@BinanceBCF) December 2, 2022
NGRAVE was founded in Belgium in 2018 and has developed a 3-layer security suite consisting of a connectionless touchscreen hardware wallet ZERO and mobile application LIQUID that connects users to Blockchain in real time. From key generation to backup recovery, crypto investors now have access to an end-to-end, user-friendly self-storage solution.
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