Binance announces new investment: The solution that combines all accounts
The Binance exchange has announced its Particle Network investment through Binance Labs, the investment arm. The Particle Network, which allows cryptocurrency investors to be able to transact on a single account across the entire ecosystem, aims to prevent user and liquidity separation.
Binance exchange announced that it has invested in the Particle Network, a 'modular chain abstraction infrastructure' project. The project aims to enable users to easily transact on many chains with the motivation of "One balance and one account in each chain".
In the statement, it was emphasized that the importance of using accounts easily at a time when the number of blockchain networks is increasing day by day and both 1st layer and 2nd layer networks are increasing.
Particle Network, which works as a modular 1st layer network; It provides this infrastructure with its 4 systems features called Universal Accounts, Universal Liquidity, Universal Gas and Particle L1.
Yi He, one of the stock market founders and head of Binance Labs, said the following regarding the investment:
“As Binance Labs, we continue to support the developments to attract the next billion users to this area. We support the steps taken by the Particle Network to create an easier and smoother user experience.
On the other hand, Binance did not disclose the value of its investment in the Particle Network.
