Binance Labs, the venture capital and innovation incubation arm of Binance, has announced its investment in four major crypto startups, leading to a 7% increase in the price of Binance Coin (BNB).
Latest Investment By Binance Labs
This season, the MVB program attracted over 700 applications from around the globe, with only 13 projects making the final cut. Four of these projects secured funding from Binance Labs: Aggregata, Opinion Labs, SideKick, and Vooi. These projects contribute significantly to the advancement of blockchain technology.
About The Projects
1. Aggregata: The platform aims to integrate AI data, models, and computing resources into a unified ecosystem. 2. Opinion Labs: Specializes in the creation of opinion and prediction markets, setting new standards in capturing and utilizing public sentiment. 3. SideKick: Serves as a consolidation hub for social interactions and gaming, enhancing user engagement. 4. Vooi: A decentralized exchange (DEX) aggregator with cross-chain capabilities, supporting both EVM and non-EVM chains.
About Binance Labs & MVB Program
The MVB Accelerator Program offers participants not only financial support but also access to a tailored curriculum, personalized mentorship from industry experts, and networking opportunities with successful entrepreneurs. Participants also benefit from the BNB Chain Launch-as-a-Service package, which includes infrastructure, security, and marketing support valued at up to $300,000.
Binance Labs' investments in new crypto startups continue to fuel interest in the BNB Chain ecosystem, reflected in the rise in BNB price. These steps demonstrate Binance's commitment to supporting innovation and the development of blockchain technology.
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