Author: Emperor Osmo, crypto KOL; Translation: Blockingxiaozou
Binance Labs has been investing heavily this year. The venture capital giant, valued at $9 billion, is known for its 200x return on investment. Below, let’s take a closer look at their most exciting investments for 2023.
Binance Labs, the venture capital and incubator arm of Binance, has made significant strides since 2018. They have assets of over $9 billion, have invested in more than 200 projects, and have a return on investment of up to 200x.
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Binance Labs’ next round of bets are as follows:
1, Neutron
Neutron is the sovereign chain of the Cosmos ecosystem. It leverages the “reproducible security” of the Cosmos ecosystem’s chain-to-chain security. With Neutron, developers can release smart contracts in an interoperable, secure, and neutral environment.
Binance announced a $10 million financing for Neutron. The biggest catalyst is the upcoming integration of Lido and Cosmos. This integration is significant and will bring LSD and innovative LSD products, injecting liquidity into the ecosystem.
2, Maverick Protocol
Maverick is developing efficient DeFi infrastructure. Its dynamic distributed AMM is more efficient at utilizing liquidity than traditional centralized liquidity AMMs. Thanks to this high efficiency, Maverick now has $41 million in TVL.
Maverick Protocl will adopt a VE governance mechanism for the MAV token, which is crucial for attracting LST liquidity. As more protocols are released on Maverick, they will compete for liquidity and need to obtain veMAV to gain governance rights, creating value accumulation for MAV.
3, Polyhedra Network
Polyhedra is building Web3 infrastructure with advanced zero-knowledge proof technology, with a focus on interoperability, scalability, and privacy. They recently partnered with LayerZero Labs to expand the coverage of cross-chain zero-knowledge proofs.
Polyhedra Network has raised $10 million in funding from Binance and Polychain Capital. Their roadmap is full of integration plans, and their goal is to integrate their zkBridge and SDK into more networks.
4. Mind Network
Mind Network is building a fully encrypted network to secure all data, smart contracts, and artificial intelligence on Web3. Mind’s zero-trust data lake allows end-to-end encryption and access control over all decentralized services and nodes, enhancing security.
But at the time of writing, they have not yet received funding from Binance. Mind was selected for Binance Labs’ fifth season incubator program, which provides support for project development. Their roadmap looks feature-packed, with even token release slated for Q3 2023.
5. Gomble CRT
Gomble is a blockchain game developer and a subsidiary of Korean casual mobile game publisher 111Percent. Their first game, Rumby Stars, is a social game where players can win prizes by participating in various competitions.
Binance recently announced seed round investment in GOMBLE. It is expected that the market size of the gaming industry will reach $24.97 billion by 2027. Given that Gomble is expanding to North America, Binance is positioning itself in that market.
As one of the largest entities in the crypto industry, Binance has a deep understanding of market trends. They are focused on interoperability, efficiency, and how to successfully bring the next 100 million users into the crypto world.
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