Binance Labs Boosts Web3 Startups with New Funds

Binance Labs, the venture capital arm of Binance, is ramping up its support for Web3 startups with new funds. As part of the 7th season of Binance’s Most Valuable Builder (MVB) Program, Binance Labs has announced its investment in Blum, a Telegram-based mini trading app focused on leveraged memecoin and new token trading. The MVB Program is known for its rigorous selection process, with less than 2% of the over 700 applications accepted this season. Thirteen teams were chosen, with five receiving direct investments from Binance Labs. Alongside Blum, Binance Labs has also invested in Aggregata, Opinion Labs, SideKick, and Vooi. These projects aim to bring unique innovations to the Web3 space, furthering the adoption and development of blockchain technology. The investment in these projects reflects Binance Labs’ commitment to nurturing the Web3 ecosystem and supporting promising startups in scaling and innovating.