Author: Emperor Osmo, Crypto KOL; Translation: Golden Finance xiaozou
Binance Labs has been on an investing spree this year. The $9 billion venture capital giant is known for its 200x returns. Let’s take a closer look at some of their most exciting investments for 2023.
Binance Labs, the venture capital and incubator arm of Binance, has achieved significant success since 2018. They have assets exceeding US$9 billion, more than 200 investment projects, and a return on investment of up to 200 times.
Binance Labs’ next round of staking is as follows:
1、Neutron
Neutron is the sovereign chain of the Cosmos ecosystem. It leverages the inter-chain security of the Cosmos ecosystem's "replication security". Through Neutron, developers can publish smart contracts in an interoperable, secure and neutral environment.
Binance announced a $10 million funding round 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 to inject liquidity into the ecosystem.
2、Maverick Protocol
Maverick is developing efficient DeFi infrastructure. Its dynamic distributed AMM is able to utilize liquidity more efficiently than traditional centralized liquidity AMM. Thanks to this high efficiency, Maverick now has $41 million in TVL.
Maverick Protocl will adopt the VE governance mechanism for MAV tokens, which is crucial to attracting LST liquidity. As more and more protocols are launched on Maverick, there will be competition for liquidity among these protocols, and they need to obtain veMAV to obtain governance rights, thus creating value accumulation for MAV.
3、Polyhedra Network
Polyhedra is building Web3 infrastructure using 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 received $10 million in funding from Binance and Polychain Capital. The roadmap is full of integration plans, and they aim to integrate their zkBridge and SDK into more networks.
4、Mind Network
Mind Network is building a fully encrypted network to ensure the security of all data, smart contracts, and artificial intelligence on Web3. Mind's Zero Trust Data Lake allows end-to-end encryption and access control for all decentralized services and nodes, enhancing security.
But at the time of writing, they have not received funding from Binance. Mind was selected for the Binance Labs Season 5 Incubator Program, which provides support for project development. Their roadmap looks to have a lot of functional releases, and will even release a token in Q3 2023.
5、Gomble CRT
Gomble is a blockchain game developer and a subsidiary of 111Percent, a South Korean casual mobile game publisher. Their first game, Rumby Stars, is a social game where players can win prizes by participating in various competitions.
Binance recently announced a seed round investment in GOMBLE. The gaming industry is expected to reach a market size of $24.97 billion by 2027. Given Gomble’s expansion into North America, Binance is strategically positioning itself in the market.
As one of the largest entities in the crypto industry, Binance has a deep understanding of market trends. Their focus is on interoperability, efficiency, and how to successfully bring the next 100 million users into the crypto world.
