Coinspeaker Binance Labs to Rebrand Soon: Key Highlights for 2024
Binance Labs is stepping into a new year with plans to rebrand. This signals a great start for 2025 which is tagged as “the Year of the Wood Snake”.
In a recent post on X, the venture capital platform highlighted some of its key achievements in 2024. For a start, Binance Labs stated that it is focused on fundamentals and intends to achieve long-term impact.
It reinstated its plans to continue providing support to founders who share in this vision.
Binance Labs Invests in 46 DeFi, AI, Restaking and Gaming Projects
For Binance Labs, one of its key achievements in 2024 hinges on its backing of 46 projects. 14 of these were from either its BNB Chain-focused MVB program or the chain-agnostic Labs’ Incubation program.
The other 32 came from direct investments. Also, the venture capital firm noted that the distribution between infrastructure and application deals was evenly split at 50-50.
The Decentralized Finance (DeFi) ecosystem was a beneficiary, accounting for 10 out of the entire 46 projects. While the Artificial Intelligence (AI) sector and Bitcoin (BTC) ecosystem received 7 funding support each.
The number of other projects and the sector the firm invested in features 4 in Restaking, 3 in Gaming, 2 in ZK, 2 in Real World Assets (RWA), and 2 in consumer apps.
In August, the venture capital division announced an investment in Particle Network, a growing Layer 1 blockchain solution.
Noteworthy, the firm targeted the new funding to address the tricky problem of liquidity fragmentation in the Web3 world. Meanwhile, more recently, Binance Labs joined the likes of MitonC Fund, Maelstrom Fund, Breed VC, and ABCDE Labs to close a pre-seed funding for Perena.
Amongst its other wins is the capacity to maintain a diverse portfolio across channels like Telegram, Solana, Ethereum, and major Ethereum L2s. Binance Labs talked about a few smaller investments in emerging ecosystems such as Berachain, Monad, Initia, and more established ones like Stacks, Celestia, and Bittensor.
Donald Trump’s Pro-crypto Stance to Change Crypto Culture in the US
By 2025, the firm plans to focus on crypto/blockchain, AI, and biotechnology. Donald Trump is officially billed to come into power as the US President in 2025. Based on this, the company expects the trajectory of the crypto ecosystem to change.
“The pro-crypto stance of the incoming Trump administration is expected to foster a more favorable regulatory environment,” Binance Labs wrote on X. “This shift is likely to bolster institutional interest and investment in the crypto space, contributing to the industry’s maturation and establishing a stronger foundation built on solid fundamentals.”
Meanwhile, Trump is making several potential favorable plans for the crypto sector in the United States. One such plan is the proposal for a major overhaul of the US banking system. The intention of the Trump transition team is to trim down regulatory bodies and even abolish the Federal Deposit Insurance Corporation (FDIC).
It is worth noting that advisers from the Department of Government Efficiency (D.O.G.E.) are spearheading this movement. They are after the potential reduction, consolidation, and elimination of key financial regulators which may favor the crypto industry.
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Binance Labs to Rebrand Soon: Key Highlights for 2024
