#Binance Labs has been on an investing spree in 2023.
This $9 Billion behemoth VC is known for making 200x returns.
Let's break down their most exciting investments for 2023.
1/ Binance Labs, the VC and Accelerator arm of #Binance, has made significant gains since 2018.
With over $9 billion in assets, they have invested in more than 200 projects, resulting in 200x returns over their tenure.
Here's what they've been betting on for the next cycle.
2/ @Neutron ✴️ $NTRN
Neutron is a sovereign chain in the Cosmos Ecosystem. It leverages the Interchain Security feature "Replicated Security" of the Cosmos ecosystem.
With Neutron, developers can launch smart contracts in an interoperable, secure, and neutral environment.
3/ #Binance announced a $10 million funding round for Neutron.
The biggest catalyst is the upcoming integration of @Lido into Cosmos.
This will be massive as it brings LSDs and novel LSD products, resulting in an injection of liquidity for the ecosystem.
4/ @Maverick Protocol $MAV
Maverick is developing efficient DeFi infrastructure. Its Dynamic Distribution AMM enables liquidity to be utilized more effectively compared to traditional Concentrated Liquidity AMMs.
Thanks to this efficiency, Maverick has grown to now have $41M in TVL.
5/ @Maverick Protocol will be implementing a VE model for the $MAV token, which is crucial for attracting LST liquidity.
As more protocols launch on Maverick, they will compete for liquidity, requiring them to acquire veMAV for governance control. This creates value accrual for $MAV.
6/ @Polyhedra Network
Polyhedra is building Web3 infrastructure focusing on interoperability, scalability, and privacy through advanced zero-knowledge proof technology.
Their recent partnership with @LayerZero Labs will enhance the reach of zero-knowledge proofs cross-chain.
7/ Polyhedra Network raised $10 million from #Binance and Polychain Capital.
The roadmap is packed with integrations as they aim to integrate their zkBridge and SDK into additional networks.
8/ @Mind Network
Mind Network is building a fully encrypted network that secures all data, smart contracts, and AI on Web3.
Mind's Zero Trust Data Lake allows for end-to-end encryption and access control for all decentralized services and nodes, enhancing security.
9/ Though they have not received funding from #Binance at the time of this writing.
Mind was selected for the Binance Labs Season 5 Incubator Program, which supports the growth of projects.
Their roadmap looks packed with feature releases and even a token launch in Q3 2023.
10/ Gomble $CRT
Gomble is a blockchain-based game developer that is an affiliate of the South Korean casual mobile game publisher 111Percent.
Their first game, @Rumby Stars, is a social game that allows you to compete across a variety of tournaments in exchange for prizes.
11/ #Binance has recently announced a seed round investment in GOMBLE.
The gaming industry is projected to reach a market volume of $24.97 billion by 2027.
Considering that Gomble will be expanding to North America, Binance is strategically positioning itself in this market.
12/ #Binance, as one of the largest entities in the crypto industry, possesses a profound understanding of market trends.
Their primary focus lies in interoperability, efficiency, and how to successfully onboard the next 100 million users into the world of cryptocurrency.
14/ Thank you for reading!
I hope you've found this thread interesting.
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#Binance Labs has been on an investing spree in 2023.
This $9 Billion behemoth VC is known for making 200x returns.
Let's break down their most exciting investments for 2023.