Founded in 2017 by Binance founder CZ, Binance Labs is the venture capital arm of Binance to promote the development of Blockchain and cryptocurrencies. It may be possible to get incredible returns by following the projects in which it invests. In this article, we will point out the altcoins that the stock market invests in. Here are the details…
Binance is investing in these coins
Binance Labs’ strategic focus covers several key areas. These are as follows:
- Infrastructure
- Decentralized finance (DeFi)
- Game and Metaverse
- Social finance (SocialFi)
- crypto fintech
- Developer apps and tools
Major investment categories for Binance Labs are:
- $1.6 billion invested in DeFi
- $1.55 billion invested in blockchain infrastructure
- $1.5 billion invested in blockchain services
- GameFi invested $1.48 billion
Binance Labs co-investors are as follows:
- Animoca Brands
- HashKey Capital
- Coinbase Ventures
- NGC Ventures
- Hashed Fund
Binance Labs has invested in projects with the highest return:
- Polygon: 237x
- The Sandbox: 78.6x
- Axie Infinity: 62.2x
- MultiversX: 61.7x
- STEPN: 40.2x
- Injective: 35.5x
Top projects powered by Binance Labs
fusionist
On June 1, 2023, Binance Labs announced that it will jointly invest a $6.6 million seed round in Web3 gaming giant FunPlus and Web2 gaming company Fusionist in May 2022. The funding funds will be used to continue accelerating game development and build the 2023 The Endurance mainnet ecosystem, which was launched in January.
Fusionist also acts as a game and a game infrastructure layer. Its aim is to create an ecosystem that supports multiple games and to ensure that assets in the game are real, tradable and sustainable through blockchain technology. The project is based on Blockchain smart contracts that provide players with unique crypto assets and game mechanics. Recently, the beta version of Fusionist ended and players who participated in the test received ACE airdrop rewards.
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