Search Results for: Binance Labs

“Binance Labs has invested in Delphinus Lab, a project exploring zero-knowledge cryptography in WASM environments. Meanwhile, Num Finance has launched a Colombian peso-pegged token on the Polygon network, with the potential regulatory scrutiny. Elsewhere, Unstoppable Domains has released a messaging feature for secure blockchain-based social interaction.”

“Emerging from obscurity, DeFi is gaining influence in finance as enterprises and individuals pivot from centralized bodies to decentralized alternatives. Velvet Capital, backed by Binance Labs, offers on-chain digital asset management. Yet, concerns linger about security risks and skepticism towards its approach remains.”

“Singapore-based blockchain startup Web3Go raised $4 million in seed funding, largely supported by Binance Labs. The firm is preparing to launch its native asset creation platform which addresses the personalized needs of content creators in the digital universe, paving the way for the Web3.0 revolution.”

Neutron, a smart contract blockchain operating on the Cosmos network, has secured $10 million in funding led by Binance Labs. The investment aims to expand the Neutron platform and boost interest in the Cosmos ecosystem, pioneering smart contract technology and accelerating development of the Atom Economic Zone.

The community-operated “Satlantis” server in Minecraft now allows players to earn Bitcoin through in-game tasks, showcasing blockchain technology within mainstream gaming. However, this highlights both skepticism and enthusiasm for the convergence of blockchain and gaming, suggesting an untapped frontier for innovation.

“Manta Network, backed by P0x, has reached a valuation of $500M after a recent funding round. This funding aims to boost scalability and user base, and increase overall utility. P0x revealed plans to launch Manta Pacific, featuring decentralized applications (dApps) enabled by zero-knowledge (ZK) technology, enhancing privacy and security in the DeFi community.”

“Investment in AI-backed blockchain company Web3Go highlights a trend of infrastructural providers flourishing amidst a crypto investment lull. Web3Go simplifies the ownership verification of AI-native digital assets with tools like real-time data processing and a digital curation protocol.”

“Mind Network, a platform aimed at improving web3 data security and privacy, has raised $2.5 million in seed funding. The company provides end-to-end encryption for users, ensuring autonomy over personal data and financial transactions. The funds received will be directed towards enhancing technology, fostering adoption across sectors, and strengthening data privacy and ownership for global users.”

Avant Arte marketplace and Yuga Labs collaborate to release two limited edition prints bringing 10,000 CryptoPunks into the physical world. Elsewhere, Pfizer-backed decentralized organization VitaDAO, launches biotech company Matrix Bio. Hong Kong explores potential digital currency, e-HKD, while crypto infrastructure MoonPay introduces a new feature called Swaps.

Major crypto enterprises like Coinbase, Binance, and a16z are setting up their own “layer-2” blockchain networks using OP Stack, despite the belief that promising layer-2 solutions will come from “ZK rollups” and not optimistic rollup technology. However, the choice of OP Stack may be due to its ease of setup. ZK rollups, while promising, require advanced hardware and high energy consumption.

“Sei, a trading-focused blockchain network created by Jump Crypto and Multicoin Capital, debuted a market cap of over $400 million. Despite a successful launch, controversy over a delayed airdrop and eligibility issues, coupled with a lack of transparency, have raised concerns. 40% of SEI’s circulating supply is for the team and private investors, 48% for airdrops and ecosystem reserves, with the rest for the SEI Foundation and Binance launchpool incentives.”