Binance Labs, the venture capital and incubation arm of Binance, announced that it has invested in Hemi Labs, creators of Hemi, a pioneering Layer-2 blockchain network that integrates Bitcoin and Ethereum for enhanced security and programmability.
This investment underscores Binance Labs’ commitment to supporting projects that leverage next-generation decentralized technologies to push the boundaries of blockchain innovation.
“We look forward to supporting Hemi Labs as they work on a critical infrastructure that connects Bitcoin and Ethereum in a modular and scalable way. Hemi’s approach aligns with our commitment to supporting strong founders of projects focused on building practical, decentralized solutions with long-term potential,” said Alex Odagiu, Chief Investment Officer at Binance Labs.
“We are excited to have Binance Labs as a key partner in our mission to reshape the blockchain landscape,” said Jeff Garzik, CEO of Hemi Labs. “Binance Labs’ investment and global network will be instrumental in accelerating our growth and helping us realize our vision of creating a more unified and efficient blockchain ecosystem.”
We’ve invested in @hemi_xyz
Hemi Labs is the creator of Hemi, a pioneering Layer-2 blockchain network that integrates Bitcoin and Ethereum for enhanced security and programmability.
Read more👇https://t.co/q7fOd5ibOW
— Binance Labs Fund (@BinanceLabs) September 18, 2024
*This is not investment advice.
