{"id":80504,"date":"2023-06-20T16:40:50","date_gmt":"2023-06-20T13:40:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80504"},"modified":"2025-09-11T17:22:48","modified_gmt":"2025-09-11T14:22:48","slug":"binance-invests-in-five-projects","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-invests-in-five-projects\/","title":{"rendered":"Binance Invests in Five Projects"},"content":{"rendered":"<p>Binance&#8217;s venture arm <a href=\\\"https:\/\/www.binance.com\/en\/blog\/all\/binance-labs-invests-in-five-incubation-projects-5751405877539570607\\\">invested<\/a> in five &#8216;most effective projects&#8217; as part of the fifth season of its incubation programme.<\/p>\n<p>Among the selected startups:<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li><a href=\\\"https:\/\/bracketlabs.fi\/\\\">Bracket Labs<\/a>. A project that creates structured on-chain products using leverage. The company&#8217;s main focus is the BracketX.fi trading platform;<\/li>\n<\/ul>\n<ul class=\\\"wp-block-list\\\">\n<li><a href=\\\"https:\/\/dappos.com\/\\\">DappOS<\/a>. A protocol to lower barriers to entry into <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a> through solutions that improve usability and accessibility of applications;<\/li>\n<\/ul>\n<ul class=\\\"wp-block-list\\\">\n<li><a href=\\\"https:\/\/kryptoskatt.com\/\\\">Kryptoskatt<\/a>. A company simplifying the use of Web3 finance through a comprehensive suite of solutions, including accounting, portfolio management and tax reporting. The project supports over 2,000 DeFi protocols, 100 exchanges and 50 blockchains;<\/li>\n<\/ul>\n<ul class=\\\"wp-block-list\\\">\n<li><a href=\\\"http:\/\/mindnetwork.xyz\/\\\">Mind Network<\/a>. A fully encrypted network built on the Adaptive Fully Homomorphic Encryption platform. It is used as a decentralized confidential data storage;<\/li>\n<\/ul>\n<ul class=\\\"wp-block-list\\\">\n<li><a href=\\\"https:\/\/zkpass.org\/home\\\">zkPass<\/a>. A decentralized solution for anonymous identity verification in Web3, based on multi-party computation and <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-zero-knowledge-proof\">zero-knowledge proofs<\/a>.<\/li>\n<\/ul>\n<p>More than 900 companies applied in this season of the investment programme, and only 2% were admitted to participate.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cBinance Labs remains committed to expanding opportunities for early-stage startups that contribute to the growth of the industry. We look forward to the positive impact of the fifth season&#8217;s incubation projects on the broader Web3 ecosystem,\u201d said Ibo Ling, the platform&#8217;s head of business development.<\/p>\n<\/blockquote>\n<p>Binance also announced that it has begun accepting applications for participation in the next venture round.<\/p>\n<p>As of the end of Q1 2023, <a href=\"https:\/\/u1f987.com\/en\/news\/binance-puts-assets-under-management-by-its-venture-arm-at-9-billion-as-of-end-q1-2023\">assets under management by the exchange&#8217;s investment arm were valued at $9 billion<\/a>.<\/p>\n<p>In November 2022 Binance Labs <a href=\"https:\/\/u1f987.com\/en\/news\/binance-earmarks-1-billion-for-web3-industry-recovery-initiative\">allocated $1 billion<\/a> for a Web3 industry recovery fund. Ling said that since then the group has provided funding to 14 companies, with around 60 more candidates under consideration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance&#8217;s venture arm invested in five &#8216;most effective projects&#8217; as part of the fifth season of its incubation programme.<\/p>\n","protected":false},"author":1,"featured_media":80505,"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],"class_list":["post-80504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80504","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=80504"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80504\/revisions"}],"predecessor-version":[{"id":80506,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80504\/revisions\/80506"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80505"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}