One article summarizes Binance Labs’ investment strategy: In which areas has this top institution invested?
Which areas has Binance Labs invested in, according to one article summarizing their investment strategy?
Original Author: defizard (@belizardd)
Original Translation: Noc, BlockBeats
This article is based on the views of defizard, the Chief Marketing Officer of Lucid Finance, on his personal social media platform, and is compiled by BlockBeats as follows:
Binance Labs, founded by Binance founder CZ in 2017, is the venture capital arm of Binance, aimed at promoting the development of blockchain and cryptocurrency. By tracking the projects it has invested in, it may be possible to achieve amazing returns.
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The key strategic areas of Binance Labs include:
• Decentralized Finance (DeFi)
• Gaming & Metaverse
• Social Finance (SocialFi)
• Cryptocurrency Financial Technology
• Developer Applications and Tools
Large investment categories of Binance Labs include:
• $1.6 billion invested in DeFi
• $1.55 billion invested in blockchain infrastructure
• $1.5 billion invested in blockchain services
• $1.48 billion invested in GameFi
Binance Labs’ co-investors include:
• Animoca Brands
• HashKey Capital
• Coinbase Ventures
• NGC Ventures
• Hashed Fund
Binance Labs’ highest returning projects:
• Polygon – 237x
• The Sandbox – 78.6x
• Axie Infinity – 62.2x
• MultiversX – 61.7x
• STEPN – 40.2x
• Injective – 35.5x
Current chain address with the largest holdings of tokens:
• Perpetual Protocol (PERP) – $1.49 million
• ETH – $19.71
Recommended 3 top-notch star projects supported by Binance Labs:
Chain Game Fusionist
On June 1, 2023, Binance Labs announced a $6.6 million seed round investment in Web3 gaming company Fusionist, co-led with Web2 gaming giant FunPlus in May 2022, with funding to continue to accelerate game development and establish the Endurance mainnet ecosystem launched in January 2023.
Fusionist serves as both a game and game infrastructure layer, aiming to build an ecosystem that supports multiple games and ensures that assets in games are real, tradable, and sustainable through blockchain technology. The project is based on blockchain smart contracts and provides players with unique digital assets and game mechanics. Recently, the testing phase of Fusionist has ended, and players who participated in the test have received ACE airdrop rewards.
Layer2 Cross-Chain Protocol Zecrey
On May 17, 2022, Binance Labs announced a $6 million strategic investment in Layer2 cross-chain protocol Zecrey. The funding will be used to expand Zecrey’s development team, promote marketing, brand promotion, and cooperation.
Zecrey is a Layer2 privacy cross-chain protocol based on ZK Rollup, which can aggregate and manage digital assets on different public chains (Ethereum, NEAR, Solana, BNBChain, etc.). It has privacy and scalability features, and provides user-friendly wallets, including L1 and Zecrey local L2.
ZK Infrastructure Startup Polyhedra Network
In February 2023, Polyhedra Network completed a $10 million financing round, led by Binance Labs and Polychain Capital, with participation from Animoca Brands and Dao5. On April 4, 2023, Polyhedra Network completed a $15 million Pre-A round of financing, led by Polychain Capital, with participation from ABCDE, SBlockingrkle Ventures, HashKey Capital, Foresight Ventures, Kucoin Ventures, NGC Ventures, and Arcane Group.
Polyhedra Network is a startup that provides Web3 infrastructure supported by zero-knowledge (ZK) proofs, building a system that focuses on blockchain interoperability, scalability, and privacy. These systems include zkBridge to facilitate cross-chain asset and data transfer.