Binance Labs in 2022: 5 Strategic Fundings from Binance's VC Arm

Incubating the Ecosystem

Binance Labs, the venture capital arm and innovation incubator of Binance, has continued to show massive support amid the dreadful market conditions, investing in innovative platforms that are building valuable products for the ecosystem. BSC News presents a collection of 5 strategic investments made by Binance Labs in 2022.

Oasis Foundation Gets $200M Backing from Binance Labs

Early in January, Oasis Foundation announced Binance Labs' contribution to the Oasis Ecosystem Fund, growing the fund to $200m. Oasis believes the fund will help "build the next generation of Oasis apps."

Learn more about the funding here.

Coin98 Gets Binance Labs Investment to Boost BSC Development

The year started quite well for the "all-in-one" DeFi platform, Coin98, as they scored a strategic investment from Binance's VC arm. The investment will enable them to accelerate the platform's development and contribute to the BNB Chain Ecosystem by building DeFi structures.

Learn more about the Binance Lab's investment in Coin98 here.

Binance Labs Makes Strategic Investment in Symbiosis Finance

The decentralized multi-chain liquidity protocol, Symbiosis Finance, was another platform to receive strategic funding from Binance Labs in the year's first quarter. The fund will be used to strengthen the team and increase support from more EVM and non-EVM networks.

Learn more about the investment here.

PancakeSwap Receives Strategic Investment From Binance Labs

PancakeSwap is the most widely used Dapp and the DeFi project with the highest Total volume locked (TVL) on BNB Chain, and Binance Labs has thrown its weight on the platform through an undisclosed strategic investment.

Learn about the Binance Labs investment in PancakeSwap here.

Binance Labs Invests in Layer-1 Aptos Chain

In a move that was the last for the first quarter, Binance Labs invested in scalable Layer 1 blockchain. Aptos Labs. The Aptos team is made up of members who previously built the Diem project.

Learn about the investment here.