BNB
by BSCN
December 27, 2022
The Labs investment arm of Binance has had incredible success with over 200 projects since it began in 2018.
Binance Labs, the investment arm of Binance, has reported a historic 2100% investment return since it began.
Binance Labs has invested in over 200 projects since it began in 2018, according to a recent Chinese language blog from Binance that addressed the recent FUD around the exchange. The investment return on the 200+ projects has helped Labs reach total management assets of $7.5 billion USD.
“As for the outside world’s mention of the source of funds for Binance Labs’ investment and acquisition, Binance Labs has invested more than 200 projects since its establishment in 2018, with a historical return on investment of up to 2100%, total management assets of US$7.5 billion...” writes the translated blog.
Binance also confirmed that Labs is in a healthy state and is capable of running its day-to-day operations without issues. Binance Labs’ portfolio investments have some of the most successful projects in crypto from Polygon (MATIC), Sandbox, SafePal, Axie Infinity, Chilliz, and many more.
As the venture capital arm and accelerator of Binance, Binance Labs is on the continued lookout for the next big Web3 innovation. Since 2018, Binance Labs has invested in more than 200 projects from 25 countries. It has also incubated more than 50 projects that are native to Web3 through the Binance Labs Incubation Program, including Polygon, Perpetual Protocol, and Dune Analytics. As of August 2022, Binance Labs is the largest crypto VC in the industry by Asset Under Management (AuM) of $7.5 billion with a Multiple on Invested Capital (MOIC) of 21.0x.
Latest News
November 21, 2024
Justin Sun Drops $6.2M on Controversial Banana Art, Calls It a "Cultural Phenomenon"
November 21, 2024
Trump’s Team Discusses Potential White House Crypto Role Amid Growing Industry Influence
November 21, 2024
Bitwise Joins Race for Solana ETF Amid Growing Interest in Crypto ETFs
November 20, 2024
Sky Protocol’s Flagship Stablecoin $USDS Expands to Solana
November 20, 2024
Teresa Goody Guillén Considered for SEC Chair Amid Trump’s Pro-Crypto Push
November 20, 2024
Injective Unveils iAgent SDK to Automate Blockchain Tasks with AI
November 19, 2024
Floki Takes Valhalla to India with Ambitious Marketing Campaign
November 19, 2024
Coinbase CEO Brian Armstrong to Meet President-Elect Trump Over Possible Crypto Regulation