The projects invested by Binance Labs are often quite potential. So what is Binance Labs and what projects are they investing in?
What is Binance Labs?
Binance Labs is part of the Binance ecosystem—the largest cryptocurrency exchange available today. This is an investment fund established in 2017 in Hong Kong.
The purpose of Binance Labs is to promote the development of blockchain, cryptocurrency and decentralized website by supporting potential projects in the industry.
Binance Labs Portfolio
1/ CertiK (CTK)
The official verification platform for smart contracts and the Blockchain ecosystem.
2/ Terra (LUNA)
LUNA is a price stable cryptocurrency designed for mass adoption. Terra builds the financial infrastructure for the next generation of decentralized applications.
3/ BitTorrent (BTT)
BitTorrent is a popular peer-to-peer (P2P) sharing platform that has become increasingly decentralized in recent years.
4/ Elrond (EGLD)
Elrond is a protocol that promotes extremely fast transaction speeds using sharding.
Note: Sharding simply divides data into many smaller parts (called shards) for distributed loading.
The project is described as a technology ecosystem for a new Internet platform, including financial technology (fintech), decentralized finance and the Internet of Things (IoT).
Elrond's smart contract is said to be capable of handling 15,000 transactions per second with a latency of six seconds and a transaction cost of $0.001.
5/ Harmony (ONE)
Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps), allowing the creation of new blocks in seconds.
6/ Celer Network (CELR)
Celer Network is a layer 2 scaling platform for building blockchain applications in a fast, easy to use, low cost and secure way.
7/ Oasis Network (ROSE)
Oasis Network is a cloud computing platform that prioritizes privacy on blockchain.
8/ Injective Protocol (INJ)
The Injective Protocol is a revolutionary project that aims to make currency exchanges completely decentralized with publicly operating networks.
9/ WINk (WIN)
WINk is a game platform that allows players to play and communicate with each other through the ecosystem of many different blockchains.
10/ Contentos (COS)
Contentos is a decentralized digital content sharing ecosystem.
11/ Marlin (POND)
Marlin is an open protocol that provides a high-performance programmable network infrastructure for DeFi and Web 3.0.
See also: Top 10 Web 3.0 coins potential
12/ FIO Protocol (FIO)
FIO Protocol is a blockchain protocol that aims to enable a better way to send/receive coins/tokens.
13/ Tellor (TRB)
Tellor was born with the purpose of solving the Oracle problem on the Ethereum blockchain.
It is a secure, decentralized, Ethereum-based Oracle for decentralized finance (DeFi) applications.
Note: Oracle is a system that helps blockchain and decentralized applications to interact with real-time external data such as temperature in a certain place…
See more: What is Oracle?? Simple explanation for newbies
14/ Cocos-BCX (COCOS)
Cocos-BCX is a platform that allows game makers to interact and develop together. It also creates a better experience for players.
15/ MobileCoin (MOB)
MobileCoin is a cryptocurrency designed to be used anywhere, especially on mobile devices.
16/ HOPR (HOPR)
HOPR is a tool for the Web3 ecosystem, ensuring everyone has control over their privacy, data and identity while surfing the web.
17/ Xend Finance (XEND)
Xend Finance is a startup from Nigeria with the aim of bringing decentralized finance to everyone, especially people in Africa.
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