Binance Labs Boosts Web3 Startups with New Funds
How Rigorous is the Selection Process?
Binance Labs’ investment in Blum underscores its ongoing commitment to supporting projects that contribute significantly to the Web3 space. Blum is a mini trading application on Telegram specifically designed for leveraged trading of memecoins and new tokens, catering to a niche yet rapidly growing segment of the cryptocurrency market. The app utilizes Telegram’s extensive user base to provide a unique gateway for users interested in memecoins and emerging cryptocurrencies.
Which Other Projects Received Funding?
Key Takeaways
- Binance Labs has invested in Blum, a Telegram-based mini trading app for memecoins and new tokens.
- The MVB Program’s 7th season accepted less than 2% of over 700 applications, ultimately funding five teams.
- Other funded projects include Aggregata, Opinion Labs, SideKick, and Vooi, each bringing unique innovations to the Web3 space.
The investment in these projects highlights Binance Labs’ dedication to nurturing the Web3 ecosystem, ensuring that promising startups get the support they need to scale and innovate. Each selected project offers unique solutions and advancements, contributing to the broader adoption and development of blockchain technology.
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