A glance at Binance Labs investment strategy: DeFi and infrastructure take the lead
Original Author: defizard (@belizardd)
Original compilation: Noc, BlockBeats
This article is based on the views of Lucid Finance Chief Marketing Officer defizard on his personal social media platform. BlockBeats organizes it as follows:
Founded in 2017 by Binance founder CZ, Binance Labs is the venture capital arm of Binance to promote the development of blockchain and cryptocurrencies. By tracking the projects it has invested in, it may be possible to obtain amazing returns.
Binance Labs' strategic focus covers several key areas:
• infrastructure
• Decentralized Finance (DeFi)
• Gaming & Metaverse
• Social Finance (SocialFi)
• Crypto fintech
• Developer apps and tools
Binance Labs large investment categories:
• $1.6 billion invested in DeFi
• $1.55 billion invested in blockchain infrastructure
• $1.5 billion invested in blockchain services
• $1.48 billion invested in GameFi
Binance Labs co-investors:
• Animoca Brands
• HashKey Capital
• Coinbase Ventures
• NGC Ventures
• Hashed Fund
Binance Labs projects with the highest investment returns:
• Polygon - 237 times
• The Sandbox - 78.6x
• Axie Infinity - 62.2x
• MultiversX - 61.7 times
• STEPN - 40.2 times
• Injective - 35.5 times
The largest holding token of the address on the current chain:
• Perpetual Protocol (PERP) - $1.49 million
• ETH - $19.71
Recommend 3 top star projects backed by Binance Labs:
Chain game Fusionist
On June 1, 2023, Binance Labs announced that it will jointly lead a $6.6 million seed round investment in Web3 game company Fusionist with Web2 game giant FunPlus in May 2022. The financing funds will be used to continue to accelerate game development and establish 2023 The Endurance mainnet ecosystem launched in January.
Fusionist acts as a game and a game infrastructure layer at the same time. Its goal is to create an ecosystem that supports multiple games, and through blockchain technology to ensure that the assets in the game are authentic, tradable and sustainable. The project is based on blockchain smart contracts, providing players with unique digital assets and game mechanics. Recently, the beta version of Fusionist has ended, and players who participated in the test have received ACE airdrop rewards.
Layer 2 cross-chain protocol Zecrey
On May 17, 2022, Binance Labs announced a $6 million strategic investment in Layer 2 cross-chain protocol Zecrey. This round of financing will be used to expand Zecrey's development team, promote marketing, brand promotion and cooperation.
Zecrey is a Layer 2 privacy cross-chain protocol based on ZK Rollup, which can realize cross-chain aggregation and management of digital assets of different public chains (Ethereum, NEAR, Solana, BNBChain, etc.). Features privacy and scalability, while providing user-friendly wallets, including L1 and Zecrey's native L2.
ZK infrastructure startup Polyhedra Network
On February 21, 2023, Polyhedra Network completed a financing of US$10 million, led by Binance Labs and Polychain Capital, with participation from Animoca Brands and Dao 5. On April 4, 2023, Polyhedra Network completed a $15 million Pre-A round of financing, led by Polychain Capital, with participation from ABCDE, Sparkle Ventures, HashKey Capital, Foresight Ventures, Kucoin Ventures, NGC Ventures, and Arcane Group.
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