While Binance, the world's largest cryptocurrency exchange, continues to invest in new projects, Binance Labs announced the altcoin projects invested in 2023.
At this point, Binance Labs compiled the invested projects in its blog post.
Binance Labs stated that it has invested in more than 25 altcoin projects in the Web3 space throughout 2023.
“Binance Labs is the venture capital and incubation arm of Binance.
Its aim is to identify and support founders with innovative ideas who build projects that will shape the future of the Web3 industry.
At this point, Binance Labs' investments in Web3 included important projects such as Optimism, LayerZero, Celestia, Aptos, Mysten Labs, Trust Wallet, Neutron, Helio, Radiant, Pendle, Arkham.”
Binance Labs also stated that it has invested in 250 projects in 25 countries since 2018 and has achieved a 14-fold return from these investments.
Finally, Binance Labs stated that more than 2,000 global startups applied to the incubation programs for two seasons in 2023 and said, “In 2023, Binance Labs funded nine prominent projects participating in the 5th and 6th Seasons of the Binance Labs Incubation Program. These are AltLayer, Bracket Labs. , dappOS , KiloEx , Kinza Finance , KryptoSkatt , Mind Network , Sleepless AI , zkPass .” said.
*This is not investment advice.