Key Points:
- Binance Labs has broadened its investment strategy to include secondary market liquidity and OTC trades.
- Binance founder CZ will actively engage with project founders in his personal capacity, contributing directly to Binance Labs’ ventures.
Binance Labs, once the venture arm aligned with the Binance Group, is making some serious changes to how it enters 2024 as an independent company.
Read more: Binance Labs Invests In Sophon ‘Elastic Chain’ In Token Round
Binance Labs Expands Investment Strategy for 2024
As part of its rebranding, the company is expanding its investment mandate to include a wider range of deal types, such as secondary market liquidity and over-the-counter trades, aside from its historical focus on the primary markets.
In 2024, Binance Labs has invested in 46 projects with a balanced portfolio of infrastructure and applications deals. These were split across its BNB Chain-focused MVB program, the chain-agnostic Labs’ Incubation program, and direct investments. Close to 20% of those investments came from the BNB ecosystem.
Diverse Portfolio Highlights Blockchain Ecosystem Growth
This venture firm’s diversified portfolio of investments involves areas as wide-ranging as the DeFi ecosystem, AI, blockchain gaming, the Bitcoin ecosystem, and even newer developments such as restaking and zero-knowledge (ZK) tech.
Consumer applications, RWAs, and newer infrastructure technologies in security, wallets, and chain abstraction made up another major sector that was included. Smaller positions were taken with the respective ecosystems: Berachain, Monad, Initia, and established ones in Stacks, Celestia, and Bittensor.
Binance Labs also continues to support projects building on Ethereum, Solana, Telegram, and multiple Ethereum Layer 2s, among other ecosystems.
The reshaping comes when the founder of Binance, Changpeng Zhao, better known as “CZ”, has just come out of prison after a four-month sentence. In a personal capacity, CZ intends to be more involved in project founders, contributing as an extended member of the Binance Labs team.
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. |