{"id":57578,"date":"2022-02-11T14:08:17","date_gmt":"2022-02-11T12:08:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57578"},"modified":"2025-09-04T12:24:27","modified_gmt":"2025-09-04T09:24:27","slug":"binance-labs-invests-in-automata-network","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-labs-invests-in-automata-network\/","title":{"rendered":"Binance Labs Invests in Automata Network"},"content":{"rendered":"<p>The venture arm of the Binance cryptocurrency exchange announced an investment in Automata Network, which develops software to provide privacy for <span data-descr=\"decentralized applications\" class=\"old_tooltip\">dapps<\/span>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Welcome <a href=\"https:\/\/twitter.com\/AutomataNetwork?ref_src=twsrc%5Etfw\">@AutomataNetwork<\/a> to the Binance Labs family! \ud83e\udd73\ud83d\udc4f Looking forward to its privacy-focused products and services, including a one-stop NFT platform, a multi-chain DAO deployment platform and a composable middleware API, in the pipeline \ud83e\udd16<a href=\"https:\/\/t.co\/y8EN1JsqXP\">https:\/\/t.co\/y8EN1JsqXP<\/a><\/p>\n<p>\u2014 Binance Labs Fund (@BinanceLabs) <a href=\"https:\/\/twitter.com\/BinanceLabs\/status\/1492019118597230592?ref_src=twsrc%5Etfw\">February 11, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Investments size was not disclosed. The deal will support Binance&#8217;s initiative to build a fair and privacy-focused Web 3.0 ecosystem, including <a href=\"https:\/\/ru.wikipedia.org\/wiki\/Web_3.0\">Web 3.0<\/a>.<\/p>\n<p>Automata Network notes strong demand for its products amid the popularity of metaverses and NFTs. The startup&#8217;s solutions provide transparency and traceability of interactions in Web 3.0 across 13 different blockchains.<\/p>\n<p>The provided funding will help Automata Network continue its technical research and expand its product line.<\/p>\n<p>The team is working on platforms for launching NFT and <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-dao-decentralised-autonomous-organisation\">DAO<\/a>, as well as a modular <span data-descr=\"application programming interface\" class=\"old_tooltip\">API<\/span> middleware layer with additions such as external-access protection, gasless transactions and two-factor authentication.<\/p>\n<p>In February, Binance <a href=\"https:\/\/u1f987.com\/en\/news\/binance-invests-200-million-in-forbes\">invested $200 million<\/a> in Forbes Media \u201cto advance Web 3.0 technologies.\u201d<\/p>\n<p> Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The venture arm of the Binance cryptocurrency exchange announced its investment in Automata Network, which develops privacy software for dapps.<\/p>\n","protected":false},"author":1,"featured_media":57579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1133,1110],"class_list":["post-57578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-venture-investments","tag-web-3-0"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=57578"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57578\/revisions"}],"predecessor-version":[{"id":57580,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57578\/revisions\/57580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/57579"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=57578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=57578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=57578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}