Binance has been at the heart of the cryptocurrency ecosystem for several months now. In 2022, the cryptocurrency exchange took a drastically different direction. In 2021, the stock market was subject to the whims of financial regulators. But a year later, the exchange remains at the forefront of the industry, setting unique standards for other exchanges. Binance has established several strategic partnerships over the past 30 days, such as:
Binance Labs partners with GoPlus Security
Most recently, Binance Labs, Binance’s venture capital, innovation and incubation arm, announced that it is leading an exclusive 2nd round of funding for GoPlus Security. GoPlus Security is the provider of the Web3 security infrastructure that protects most of the largest Blockchain networks with multidimensional risk detection to create a more secure Web3 ecosystem. GoPlus Security is the top security data supplier in 13 chains with more than 2 million data requests daily. In addition, GoPlus Security plans to develop a security services market by the end of 2022.
With this funding, GoPlus Security will have the potential to improve security data. Apart from that, it will get a chance to create a market for security services. It will also be able to hire senior staff to help build a decentralized security platform.
Developer grants distributed for November on web3 domain
The BNB Chain Developer Grant program is committed to providing tangible support to Web3 projects so they can move on to the next phase of development. The cryptocurrency exchange allocates investments of up to $500,000 per month to promising companies. This effort allows innovative teams and projects to migrate to BNB Chain, the world’s largest smart contract blockchain based on transaction volume and daily active users on the Web3.
In November, two projects marked innovative products and their capacity to generate community interest and enthusiasm. BNB Chain has pledged to provide financial assistance to Owl Protocol and Blockvision for their remarkable progress.
Owl Protocol
Owl Protocol develops open source smart contract primitives, SDKs, APIs and a codeless graphical user interface that will enable any artist, designer or developer to create new applications for dynamic NFTs. Their aim is to develop tools that make Dynamic NFTs (dNFTs) accessible to anyone on any Blockchain, adhering to current standards, and to ensure that everything remains decentralized so that NFT owners retain ownership of their data at all times.
blockvision
BlockVision is an innovative multi-chain Node, Mempool, FT, NFT and DeFi API provider and developer portal for real-time data retrieval. With exceptionally low latency and excellent usability, BlockVision simplifies Web3 development. Blockvision enables developers to effortlessly capture any on-chain data with lightning-fast response times and cost-effective performance. December grant applications have started.
Binance Labs and Ambit Finance partnership
On December 2, Binance Labs went in line with its plan to increase the utility of BUSD and other elite cryptocurrencies. The decentralized application using innovative financial products contributed $4.5 million to Ambit Finance. Ambit is creating a BUSD-based stablecoin that will deliver sustained returns in all market conditions. Thus, it will provide new use cases for BNB Chain users. Binance Labs and Ambit also emphasized innovation, security and risk management. Thus, it will collaborate to promote the DeFi applications of the future. It will also partner with projects within the BNB Chain ecosystem and beyond.
Exchange invests $4 million in Ultimate Champions
cryptocoin.com As we have reported, Ultimate Champions is a BNB Chain based Web3 sports game platform. Binance Labs invested $4 million in Ultimate Champions. Ultimate Champions will use the funds to further develop their game, win other sports deals and expand their community. Also, the project will eventually be launched on BNB Chain and placed on the Binance Fan Token Platform.
Ultimate Champions also signed an exclusive deal with EuroLeague, Europe’s leading professional basketball management firm. It will also enter the fantasy basketball arena next year. This will allow players to enhance their fan experience and engage more closely with their favorite clubs. Charlie Guillemot, Co-Founder of Ultimate Champions, said:
Ultimate Champions’ goal is to bring Web3 sports games to a wider audience in a fun, accessible and free-to-play experience. We are delighted to renew and expand the Web3 sports gaming ecosystem with Binance Labs. We also believe that BNB Chain can be the solid platform on which our game can thrive.
Binance makes strategic investment in NGrave
Binance Labs has made a strategic investment in NGRAVE and will lead the upcoming Series A funding. The asset offers key generation and advanced key recovery features for crypto clients. In other words, it is a blockchain and crypto asset security provider that specializes in user-friendly, maximum security solutions.
NGRAVE was founded in Belgium in 2018. It has developed a 3-layer security suite consisting of ZERO, a disconnected touchscreen hardware wallet, and LIQUID, a mobile application that connects users to Blockchain in real time. So, crypto investors now have access to an end-to-end custody solution.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.