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Binance Labs’ $500M fund to catalyze crypto, Web3, blockchain adoption

2022.06.01 20:41

Binance Labs’ $500M fund to catalyze crypto, Web3, blockchain adoption
Binance Labs’ $500M fund to catalyze crypto, Web3, blockchain adoption

Binance Labs, the investment arm of crypto giant Binance, launched a $500 million fund in partnership with global investors including DST Global Partners (NYSE:GLP) and Breyer Capital to drive innovation across the crypto, Web3 and blockchain landscape.

Binance Labs plans to allocate the latest $500 million fund to projects across various stages — incubation, early-stage and late-stage growth.

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