Binance Labs invested in "SkyArk Chronicles" during its third incubator program in 2021, but did not participate in the latest round of financing.

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MAJOR RECENT CRYPTO FUNDRAISING EVENTS

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Binance Rejects SkyArk's Statements Days Later. 🤥🎮

In a recent twist within the cryptocurrency realm, Singapore-based SkyArk Studio's claimed $15 million funding round led by Binance has hit a roadblock. Binance Labs, the investment arm of the renowned cryptocurrency exchange, refutes any involvement, creating a tale of contradictory statements and financial intrigue.

On January 12th, SkyArk Studio proudly declared Binance Labs as the driving force behind their substantial funding round for SkyArk Chronicles. However, approximately two weeks later, Binance Labs dropped a bombshell, asserting that they neither led nor participated in the mentioned financial venture.

In an official statement, Binance Labs clarified their position. While they did invest in SkyArk Chronicles during the 2021 Incubation Investment Season, they vehemently denied participating in the latest funding round, casting a shadow on SkyArk Studio's initial claims.

SkyArk Studio's initial announcement showcased a star-studded list of participants, including GuildFi Global, Jambo Technology, and Breeder DAO. The contradiction with Binance Labs raises questions about the accuracy of the disclosed funding contributors.

Binance Labs, recognized for its active involvement in projects related to decentralized finance (DeFi), Web3, and blockchain infrastructure, emphasizes its strategic portfolio diversification. This recent development adds a layer of complexity to their investment strategy, prompting industry observers to scrutinize the dynamics of their portfolio choices.

The SkyArk Chronicles funding mystery highlights the vital importance of verifying information in the dynamic cryptocurrency space. As major players like Binance Labs shape the industry, diligence and caution are crucial in navigating the evolving world of blockchain investments. It serves as a stark reminder that in the fast-paced crypto domain, clarity and transparency are paramount.

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SkyArk Chronicles is airdropping 7,000 TENJIN NFTs to Public and WL winners, with 1,000 Spellbook NFTs already airdropped. Trading for all NFTs will open on February 1st at 9 AM UTC+8.

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