Binance Labs, the venture capital arm of the world’s largest crypto exchange Binance, has created a $500 million fund to invest in web3 and blockchain companies.
In the statement made on the official blog page of Binance on June 1, DST Global Partners, Breyer Capital, Whampoa Group It was stated that many companies supported the fund.
Binance CEO Changpeng Zhao (CZ) made a statement on the subject.
The purpose of the newly created fund; web3, decentralized finance (DeFi), NFTs, gaming, metaverse projects and exploring and supporting.
made statements.
Binance, since 2018 Support for a total of 100 projects in 25 countries is stated to be.
BNB Chain’s Technical Roadmap Shared
Binane Coin’s blockchain system, BNB Chain; technique aimed at improving the decentralized nature of the network, enhancing the capacity of side-chains and improving the performance of decentralized applications (dApps). roadmap shared.
Binance Chain and Binance Smart Chain approx. Merged 4 months ago to form BNB Chain had created. In the new roadmap, the number of validators is almost doubled to 41 increase and processing capacity Targets to reach 200 million is located. Moreover Increasing network security is planned.
“With this improvement, it will deliver a seamless dApp experience even at peak times,” Binance said in an announcement about the chain. made statements.