A look at the top five projects Binance Labs will invest in in 2023

Original author:Emperor Osmo,Crypto KOL

Original Compilation: Felix, PANews

Original author:

Crypto KOL

Since 2018, Binance Labs, Binance’s venture capital and accelerator arm, has made remarkable progress, with over $9 billion in assets and invested in more than 200 projects, among which MATIC has achieved a return on investment of more than 200 times. In the current bear market, Binance Labs will once again set off an investment boom in 2023. As a bet on the next bull market cycle, this article will analyze in detail the five major projects that Binance Labs will invest in in 2023.financingNeutron (Token: NTRN)

financingintegrated, Binance Labs and CoinFund led the round, with participation from Delphi Ventures, LongHash Ventures, Semantic Ventures and Nomad Capital.

Neutron is a sovereign chain in the Cosmos ecosystem. Leverages "Replication Security", an interchain security feature of the Cosmos ecosystem. With Neutron, developers can launch smart contracts in an interoperable, secure and neutral environment. The biggest catalyst for the development of the Neutron protocol is the upcoming Lido Finance

integratedinto the universe. This integration has huge implications for Neutron as it will introduce LSD and novel LSD products, injecting liquidity into the ecosystem.

Maverick Protocol (Token: MAV)

June 21

, DeFi infrastructure provider Maverick Protocol raised $9 million in a strategic round of funding. The round was led by Peter Thiel’s Founders Fund, with participation from Pantera Capital, Binance Labs, Coinbase Ventures and Apollo Crypto.

Polyhedra Network

Maverick Protocol is developing efficient DeFi infrastructure. Compared with traditional centralized liquidity AMMs, its dynamic allocation AMM can utilize liquidity more efficiently. Thanks to this efficiency, Maverick's TVL has now grown to $41 million.Maverick Protocol will implement a VE model for MAV tokens, which is critical to attracting LST liquidity.

As more and more protocols are launched on Maverick Protocol, many protocols will inevitably compete for liquidity, creating rising demand for MAV by requiring the purchase of veMAV for governance control.February 21

, Polyhedra Network completed a $15 million PreA round of financing, led by Polychain Capital, with participation from ABCDE, Sparkle Ventures, HashKey Capital, Foresight Ventures, Kucoin Ventures, NGC Ventures, and Arcane Group.

Related Reading:Polyhedra is building Web3 infrastructure through advanced zero-knowledge proof technology with a focus on interoperability, scalability, and privacy. Polyhedra's recent collaboration with LayerZero Labs will enhance the impact of zero-knowledge proofs across chains. There are ongoing integration targets on Polyhedra's development roadmap for integrating zkBridge and SDK into other networks.

Mind Network

Related Reading:

New Project | Polyhedra Network: ZKP full-stack suite led by Binance Labs (with interactive tutorial)

According to the information on the official website of Mind Network, the investors of Mind Network include Binance Labs, Chainlink, SevenX, etc., and the specific amount is unknown.

Related Reading:In addition, Mind Network was selected into the Binance Labs Season 5 Incubation Program, which also supports the development of the project. On the roadmap of Mind Network, there are many features released, and even tokens will be launched in the third quarter of 2023.

Related Reading:

A Quick Look at Binance Labs’ Fifth Season Incubation Plan Investment ProjectsA Quick Look at Binance Labs’ Fifth Season Incubation Program Investment Projects

April 24

Related Reading:, blockchain game developer GOMBLE completed its seed round of financing, led by Binance Labs, Spartan, and Shima Capital, with participation from Altos Ventures, Animoca Brands, Crit ventures, and Planetarium. The investment amount and valuation were not disclosed.

Gomble is a blockchain-based game developer and a subsidiary of Korean casual mobile game publisher 111 Percent. Gomble's first game, Rumby Stars, is a social game where users can participate in various tournaments in exchange for prizes. The gaming industry is expected to have a market size of $24.97 billion by 2027. Considering that Gomble will expand to North America, Binance is strategically positioning this market.