Binance, the world’s largest cryptocurrency exchange, continues to make significant investments in new projects. In 2023, Binance Labs revealed the altcoin projects that it had invested in, showcasing its commitment to the Web3 space. With a focus on supporting innovative founders and projects that will shape the future of the industry, Binance Labs has funded over 25 altcoin projects in 2023, including well-known names such as Optimism, LayerZero, Celestia, Aptos, and Trust Wallet.
In addition to its 2023 investments, Binance Labs highlighted its track record, having invested in 250 projects across 25 countries since 2018 and achieving a 14-fold return on these investments. The organization also reported a high level of interest, with over 2,000 global startups applying to its incubation programs in 2023.
Furthermore, Binance Labs funded nine prominent projects as part of the 5th and 6th Seasons of the Binance Labs Incubation Program in 2023. These projects, including AltLayer, Bracket Labs, dappOS, and KryptoSkatt, reflect the organization’s commitment to fostering innovation in the crypto industry.
It is important to note that the information provided is for informational purposes only and should not be considered as investment advice.
