What are Binance Labs? Should you follow it?

Binance Labs is one of the leading investment funds in the crypto market, with the name behind it being Binance, one of the world’s leading cryptocurrency exchanges. Accordingly, this investment fund was established to identify, invest, and empower potential entrepreneurs, companies, and the blockchain community.

If you want to learn more about the Binance Labs fund platform, please take some time to follow upcoming content with AZcoin.

What are Binance Labs?

Binance Labs is one of the leading investment funds in the crypto market. The founder of the fund is Binance, one of the world’s leading cryptocurrency exchanges. Accordingly, the main activity of this fund is to search, evaluate, and invest in potential projects and ideas.

In other words, Binance Labs is a place that specializes in finding and providing capital for blockchain projects, thereby allowing more users to access this platform. Thanks to this operating purpose, the name Binance Labs has expanded its operations to over 25 countries with an investment portfolio of up to 200 projects.

Certainly, with success as well as specific plans and development directions, this investment fund can develop more in the future.

Besides, if you have time, we suggest you check out other interesting content like What is Finbold, What is Vanguard, What is a Central Bank,…

Who is the Binance Labs executive team?

To maintain and develop a large and successful investment fund like Binance Labs, there must be equally talented people behind it. However, due to content limitations, we can only introduce to you some of the most prominent names, such as:

• Yi He: Plays the role of Co-Founder of Binance Labs, specializing in business strategy, investment, marketing, and branding, and has been instrumental in turning Binance into a big name in the market. cryptocurrency market.
• Changpeng Zhao: Serves as CEO of Binance Labs, is one of the most influential people in the cryptocurrency market, and is a pioneer in calling for exchanges to disclose user assets after FTX was discontinued. fall.
• Teck Chia: Serves as chief executive officer of Binance branch, served as Founder and CEO of Dimension.ai, OpenAppMkt, Paper.ai,…
• Yele Bademos: Founding partner of Binance Labs, former Founder of Africa’s leading Microtration in Lagos.

Many other names also contribute to the success of this investment fund, such as Kenneth, Gin Chao, Ross Barbash JD,…

What is Binance Labs’ current investment portfolio?

Binance Labs owns a very large investment portfolio with projects invested in by this name being guaranteed and guaranteed at a certain level. However, not any project is enough to make this name invest.

Here are some of the projects invested in by the Binance Labs that we find most outstanding:

• 1INCH: A famous DEX exchange, supporting users with liquidity from different exchanges to help optimize and customize transactions as desired.
• Voxies: An NFT game project on the Ethereum blockchain. The game is designed in a tactical role-playing format, where participants must perform tasks and defeat enemies to win rewards.
• My Neighbor Alice: This is a gamefi game project based on the construction model, where participants can buy and own their virtual islands in the form of NFTs.
• Kava: This is a blockchain platform specializing in providing DeFi services such as stablecoins, bonds, and loans for users from many different blockchain networks.
• Polygon: A Layer 2 solution to solve Ethereum’s congestion problems without affecting decentralization.
• MOBOX: This is a gamefi game project that combines the best of Defi and NFT, thereby allowing participants to experience a unique blockchain game system.

There are still many other invested projects that you can refer to directly from the main homepage of the Binance platform.

Should you invest according to Binance Labs?

If you come here, you wonder whether you should invest according to Binance Labs or not. Our answer here would be yes, because this is the foundation:

• Able to stay ahead of market trends.
• Invested projects are often guaranteed certain development potential.
• Possessing a broad investment portfolio from many different fields.

However, it is still your choice whether to invest in investment portfolios from this fund or not. Along with that, Binance also rarely announces investments like other funds. This may be a limitation that you should consider.

Besides, if you want to try finding a place to invest in cryptocurrency, you can try to take a look at the best crypto exchange site here.

Conclusion

Finally, we have come together to learn about the general information you need to understand about the Binance Labs investment fund. Hope you enjoy this content and see you again in future content from AZcoin.