The closing of the $500 million investment fund is a major milestone for Binance Labs and a testament to the growth of the Web3 ecosystem.

Binance Labs is committed to supporting the development of this technology and helping build a more inclusive and decentralized future.

The new fund will allow Binance Labs to continue its support of the Web3 ecosystem and help accelerate the adoption of blockchain technology.

Binance Labs, the venture capital and incubation arm of Binance, has closed a $500 million investment fund to power blockchain, Web3 and value creation technologies. The fund will invest in projects in three stages: incubation, early-stage entrepreneurship, and late-stage growth.

The fund is backed by the world's leading institutional investors, including DST Global Partners, Breyer Capital and other leading private equity funds, family offices and corporations.

“We are pleased to announce the closing of our $500 million investment fund,” said Ken Li, Executive Director of Investments and M&A at Binance Labs. “This fund will allow us to continue our mission of supporting the growth of the Web3 ecosystem by investing on promising projects that have the potential to have a positive impact on the world.”

Binance Labs has a proven track record of success in identifying and supporting promising blockchain projects. Since its inception in 2018, Binance Labs has invested in more than 100 projects, including 1 Inch, Audius, Axie Infinity, Dune Analytics, Elrond, Injective, Polygon, Optimism, The Sandbox, and STEPN.

“We believe that blockchain technology has the potential to revolutionize many industries and we are committed to supporting the development of this technology,” said Changpeng Zhao, CEO of Binance. "The new fund will allow us to invest in promising projects that are building the future of Web3."

#Binance #Labs

6 June 2023, Tuesday – Cryptogram Venture (CGV FoF) is holding a series of 2nd Web3 Summer Hackathons around Asia to encourage developers and builders. The Japan investor giant is set to continue its events in Kyoto this month with a massive physical Rally.

Contents

What is Web3 Summer #Hackathon ?

The 2nd Web3 Summer Hackathon Rally in Kyoto

What is Cryptogram Ventures (CGV FoF)?

What is NFTStudio24?

NFTStudio24 is the official media partner of this series. 

What is Web3 Summer Hackathon?

The Web3 Hackathon is supported by experts from institutions such as Keio University, MetaFocus, TEAMZ, CoinW Labs, and others.

CGV has already held the first Hackathon Rally and Demo day in Tokyo on May 17 in partnership with TEAMZ Web3 Summit 2023 and a private event at Sakura Banquet. The event was attended by over 10 projects from Mainland China, Japan, Singapore, Hong Kong, and other regions. The companies include Guild QB, Slash, KEKKAI, D3D, Coresky, Star, RentaFi, UneMeta, Meta Avatar Show, and Vess. 

The event was attended by various well-known figures from Japan including, the former Japanese Cabinet Secretary and current Ministry of Digital Society Promotion Minister Hiroshi Hirano, Tim Draper, Astar Network Founder Satoshi Watanabe, BitFlyer CEO Yuzo Kano, and many more. 

The hackathon is a good opportunity for Web3 startups to demonstrate their projects to the Japanese market and gain potential investors. CGV highlights that this series of hackathons focuses on project sustainability and development capabilities, rather than just immediate outcomes. As a result, the competition is anticipated to span a duration of six months from May to September. 

By building and nurturing the Web3 ecosystem, the goal is to globally identify and assist exceptional talent in the Web3 field, allowing the potential to explore the vast development opportunities within Web3.

The 2nd #Web3 Summer Hackathon Rally in Kyoto

#Cryptogram #Venture is now gearing up for its highly anticipated second Hackathon Rally Meet-up event in Kyoto on June 28, 2023. It is set to draw a diverse crowd of builders, developers, experts, and innovative projects. NFTStudio24 will be present to give exclusive event coverage to this hackathon as a media partner.

The event in Kyoto is tentatively scheduled to be an after-party on the evening of June 28th. The guests include CoinW #Labs , Unemeta, etc. Some guests from Singapore will also be joining the hackathon. 

Following the exciting in-person event, the Hackathon will transition online, starting with engaging Twitter Spaces sessions scheduled for July. Subsequently, the highlight of the series will be a massive three-day Hackathon Rally conducted virtually in August.

To culminate the series on a high note, CGV will hold a grand Hackathon Rally Awards Ceremony in Singapore in September, celebrating the outstanding achievements and contributions of participants. 

Check out the Web3 Hackathon website for more information: https://www.web3hackathon.io/ 

What is Cryptogram Ventures (CGV FoF)?

CGV FoF is an Asian-based investment firm that specializes in Crypto Fund and Crypto Studio investments. With its headquarters in Japan and branches in Singapore and Canada, CGV FoF brings together family funds from Japan, Korea, mainland China, Taiwan, and other regions.

Official Website: https://www.cgv.fund/ 

What is NFTStudio24?

NFTStudio24 is a Japan-based media and PR company that aims to remove barriers to language and country in the Web3, Metaverse, and Blockchain space. The platform is working towards building a more transparent, inclusive, and user-centered media ecosystem.

For more information on NFTStudio24 please visit:

Official Website : www.nftstudio24.com