{"id":59220,"date":"2022-03-25T12:17:02","date_gmt":"2022-03-25T10:17:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59220"},"modified":"2025-09-04T20:42:50","modified_gmt":"2025-09-04T17:42:50","slug":"binance-labs-invests-an-additional-5-million-in-ultiverse-developers","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-labs-invests-an-additional-5-million-in-ultiverse-developers\/","title":{"rendered":"Binance Labs Invests an Additional $5 Million in Ultiverse Developers"},"content":{"rendered":"<p>Binance&#8217;s venture arm invests $5 million in Ultiverse. The startup focuses on developing a Web3 social gaming metaverse built on <a href=\"https:\/\/u1f987.com\/en\/news\/binance-smart-chain-to-be-renamed-bnb-chain\">the BNB Chain network<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Doubling down on best of the best <a href=\"https:\/\/twitter.com\/UltiverseDAO?ref_src=twsrc%5Etfw\">@UltiverseDAO<\/a> <a href=\"https:\/\/t.co\/MtCf4vG0PJ\">https:\/\/t.co\/MtCf4vG0PJ<\/a><\/p>\n<p>\u2014 Binance Labs Fund (@BinanceLabs) <a href=\"https:\/\/twitter.com\/BinanceLabs\/status\/1507258366921379842?ref_src=twsrc%5Etfw\">March 25, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A week earlier, Binance Labs, together with DeFiance Capital, led a seed round of funding for Ultiverse totaling $4.5 million. Participants included Three Arrows Capital and SkyVision Capital. The fundraising took the form of a token sale of Ultiverse&#8217;s governance token, MXS.<\/p>\n<p>The startup said at the time that the funding would be directed toward &#8220;product development, attracting top talent, and further community growth.&#8221;<\/p>\n<p>The company employs around 100 people. Its first game is expected to be an <span data-descr=\"multiplayer online role-playing game\" class=\"old_tooltip\">MMORPG<\/span> Endless Loop, based on the concept of <span data-descr=\"play-to-earn\" class=\"old_tooltip\">Play-to-Earn<\/span>. A full launch is planned for the first quarter of 2023.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We are excited to develop Ultiverse together with Binance Labs and the BNB Chain ecosystem, as we share a common vision of a Web3 gaming metaverse,&#8221; commented the startup&#8217;s CEO, Frank Ma.<\/p>\n<\/blockquote>\n<p>Earlier, Binance Labs invested <a href=\"https:\/\/u1f987.com\/en\/news\/binance-labs-invests-in-blockchain-game-star-sharks\">in the gaming blockchain project Star Sharks<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance&#8217;s venture arm invests $5 million in Ultiverse. The startup focuses on developing a Web3 social gaming metaverse built on the BNB Chain network.<\/p>\n","protected":false},"author":1,"featured_media":59221,"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":[744,1353,1133,1361],"class_list":["post-59220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-metaverses","tag-venture-investments","tag-virtual-world-innovations"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59220","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=59220"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59220\/revisions"}],"predecessor-version":[{"id":59222,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59220\/revisions\/59222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/59221"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=59220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=59220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=59220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}