Binance, the world's largest cryptocurrency exchange, continues to invest in various cryptocurrency projects.
At this point, Binance Labs, the venture capital and incubation arm of Binance, announced that it invested in Cyber Connect.
“Binance Labs, the venture capital and incubation arm of Binance, has invested in CyberConnect, a decentralized social network that allows developers to create social applications that enable users to own their own digital identities, content, connections and interactions.
The investment underscores Binance Labs' commitment to supporting innovative Social Fi infrastructure that enables a new wave of end users and creators to participate in decentralized social ecosystems.
“The funds raised will be strategically allocated to ecosystem expansion initiatives, community rewards and product launches.”
After the Binance announcement, CYBER rose over 13%.
*This is not investment advice.