So what is the premise of Binance Labs, and what specific roles does it have for new investors? Or if this is an alternative that provides several prospects for investors to get wealthy is an open topic.
Binance Labs is a fund that provides financial assistance to the major exchange Binance. Binance Labs’ objective is to identify people, businesses, or Blockchain communities with the ability to “flow money” into investing. Binance Labs will give financial resources, allowing developers to start new initiatives with confidence.
Binance Labs funds technical teams that create and maintain the decentralized web. Binance Labs can help with technical and marketing challenges in addition to financial ones.
Binance Labs is an investment fund run by Binance, one of the world’s major exchanges. Binance Labs’ mission is to find, invest in, and develop future blockchain entrepreneurs, businesses, and communities by supporting industry initiatives that assist in expanding the greater blockchain ecosystem.
Binance Labs is dedicated to assisting agile engineering teams who have a positive influence on the cryptocurrency field and are building the decentralized web. Binance was founded in 2017 with just $100 million in financing. Binance Labs has a portfolio of 100 projects and is present in over 25 countries after 6 years of operation. Binance Labs’ birth has become a “fertile environment” for incubating and supporting company development.
Binance Labs exclusively invests in 10 to 30 initiatives each year. Binance invests in initiatives that meet the criteria of quality over quantity, and these projects are chosen very carefully with exceptionally high competition rates. Binance used to invest in just 5 to 7 startups out of roughly 300 possible investments. Now, the Binance Labs Review article will learn about the project’s powerful team.
Changpeng Zhao (CZ) is a Chinese-Canadian businessman who founded the cryptocurrency exchange Binance as well as Binance Labs.
CZ is an important member of Binance Labs. CZ worked for the Tokyo Stock Exchange as a software engineer at Bloomberg Tradebook before becoming the CEO of Binance.
He relocated to Shanghai in 2005 and started Fusion Systems, which is noted for being some of the quickest high-frequency trading systems for stockbrokers.
He began working on numerous crypto ventures in 2013, including Blockchain.info, and he also served as the chief technical officer of OKCoin.
CZ also has many jobs in the cryptocurrency industry, including senior staff at Blockchain.io and Chief Technical Officer at OKCoin.
CZ quit OKCoin in 2017 to launch the cryptocurrency exchange Binance. Binance was created in July 2017 after earning $15 million in an initial coin offering (ICO). Binance became the world’s biggest cryptocurrency exchange by trading volume in less than eight months.
While not as widely recognized as CEO Changpeng Zhao, Binance co-founder and chief marketing officer (CMO) Yi He made important contributions to the creation of this “empire.”
Yi He met Zhao in 2017 and became a co-founder of Binance the day before the website debuted.
Yi He has held positions of leadership in company strategy, investing, marketing, and branding. She has aided Binance in becoming the world’s biggest exchange since its inception.
She also played a significant role in transforming Binance from a simple exchange to a worldwide crypto ecosystem.
She has had a variety of jobs at Binance, although her primary emphasis has been on business strategy. Yi He presently oversees Binance’s’startup incubator,’ philanthropy, and marketing services. More than 2,000 individuals are now working under her direction.
Yibo is Binance’s Chief Business Officer, and he oversees the creation and execution of the company’s strategic goals to aid in the advancement of blockchain technology. He is in charge of Binance Labs, M&A, joint ventures, and strategic alliances. Yibo had held executive positions at Bird, Uber, and The Boston Consulting Group before joining Binance. He received his Ph.D. in EECS from MIT and his BA in English and BS in Biomedical Engineering from the University of Michigan.
Dana works directly with Yi on Binance Labs, high-impact projects, and other significant corporate activities. Dana formerly oversaw product development and strategic investments at top-tier digital firms, co-founded a startup, and worked as a macro strategist at Goldman Sachs. Dana earned her MBA from Stanford Graduate School of Management.
Binance’s portfolio is quite diverse, encapsulating not only crypto projects but also many other projects. In addition, Binance Labs is also very interested in investing in the e-wallet segment to diversify and improve the trading system in its ecosystem. For a better overview of the Binance Labs portfolio, you can refer to the photo below:
Of course, not every project which Binance Labs has funded is posted on the market. Yet, once listed on an exchange, particularly Binance, it always draws the attention of a large number of investors, resulting in strong liquidity.
Binance Labs is a major fund with a solid track record. Nevertheless, investing in projects in which Binance invests is unprofitable.
Binance Labs, on the other hand, is recognized as the most promising “project incubator” today. It is evident that Binance Labs’ investments are mainly strong startups with long-term development potential.
It can be observed that the projects in which Binance Labs has invested have yielded a large profit up to this point. Binance Labs’ investing approach has gotten more widespread in recent years, making it harder for investors to follow. Hopefully the Binance Labs Review article has helped you understand more about the project.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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