Crypto assets bring to the world a number of high-tech innovations that could not be accepted in any other way. And every new startup must contribute to the technology development process, or else it would be an ordinary scam, designed to pump money out of investors' pockets.
However, even if you are a brilliant block chain engineer who has managed to unite a group of talented like-minded people around you and create something truly worthwhile, this does not mean at all that your project will be immediately appreciated and accepted. Without support it will be very difficult and in order to survive, it will be necessary to look for sponsors and beneficiaries. In this case, you have a direct path to Binance Labs. Now we will talk about it in more detail.
? What is Binance Labs
Binance Labs is an investment fund created by Binance to support young and ambitious development teams of new blockchain startups.
Official website
It is not only about financial support, the fund can help in solving problems of a technical and marketing nature, and in other matters. Unless, of course, you have come up with something interesting.
Binance Labs identifies, invests and supports entrepreneurs, start-ups and communities by providing funding for industry projects. Binance Labs is committed to supporting fast-acting technical teams that are positively impacting the crypto space and building a decentralized network.
The fund's management implements direct investments in specific projects and works on incubation programs to support young development teams. This helps to find and market new and interesting digital products.
Binance Labs employees are not waiting for young talent to come to them with an outstretched hand. They themselves are actively looking for promising start-ups in different regions of the planet. What Developers and Startups Get from Participating in the Incubation Program:
investments. Funding is provided on a case-by-case basis.
Guidance. Experienced professionals are regularly invited to provide individualized and expert guidance and advice to the founders of the program individually.
wide field of activity. The startups are connected to a vast network of industry leaders and investors in the blockchain space. The program facilitates current and future collaborations during the incubation period.
Comprehensive support. Program founders are provided with resources to assist them in startup formation, recruitment, technical implementation, fundraising, and other value-added services.
After the completion of the third season of the incubation program, Binance Labs is once again looking for the brightest minds and promising projects in the blockchain. Binance Labs Chief Investment Officer Ken Lee recently said: “The three seasons of the incubation program have been very successful. Our portfolio includes Dune Analytics, Matic, Perpetual and Injective Protocol. We believe Season 4 will be even better and we hope that we can continually improve the results of our program.” You can apply for Season 4 at .
development team
The founder of Binance Labs is Mr. Changpeng Zhao. The team includes many talented professionals, among whom, first of all, it is worth highlighting the President of the Fund, Ella Zhang, and the Director of Strategy, Jin Chao.
Binance Labs Projects and Investments
Projects are divided into several categories depending on the direction of activity. There are sections of Defi, non-fungible tokens, metaverses, stablecoins, digital wallets, etc.
Depending on the amount of preliminary work performed, projects are divided into three groups:
The ready-made tokens are already listed on the Binance platform.
Ready tokens not yet registered on Binance.
Incomplete projects.
Projects in the first category include the cryptocurrency Bittorent, the Axie Infinity blockchain, and the highly scalable Elrond blockchain. Probably, readers are already familiar with SafePal safe devices. This project was also launched on Binance.
Also worth noting is Binance Stepn Labs. This is a motion and earning web3 app where users can earn for every move they take. Thanks to unique gaming and social elements, the value of the STEPN token has increased by 100 times.
Another interesting discovery is Binance labs NYM. His team is developing an infrastructure to prevent customer data leakage by protecting the metadata of every packet at the network and application layers. For more information, please visit .
Official news and social networks
You can follow the news on the official
Binance blog and on the social platform page .
Conclusion
Binance Labs is a large fund with a good reputation. But keep in mind that investing in the cryptocurrency market is a risky venture. You should carefully study and weigh everything before investing money.
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