🔥 CZ Is Back: Binance Labs Announces Rebranding
posted 31 Dec 2024
In 2025, Binance Labs, the venture capital arm of the Binance crypto exchange, is set to undergo a rebranding and expand its investment approach.
The revamped strategy includes investing through secondary markets, over-the-counter (OTC) transactions, and other promising opportunities. Binance Labs separated from the main Binance platform in early 2024 to pursue a more independent investment strategy and reduce regulatory pressures.
Since its launch, Binance Labs has backed 46 diverse projects, focusing primarily on infrastructure development and Web3 applications. While the company adopts a blockchain-agnostic strategy, a notable share of its investments has been directed toward projects leveraging BNB Chain. Interestingly, Binance founder Changpeng Zhao (CZ) also joined the initiative.
Despite previously being barred by U.S. authorities from holding executive roles within Binance as part of a plea agreement—following allegations of violating the Bank Secrecy Act and other regulatory issues—CZ is now permitted to engage in investment activities and offer consultations.
He is eager to connect with both existing and new founders, and engage with projects on a personal levelstated Binance Labs leadership.
Looking ahead to next year, Binance Labs plans to focus on several strategic areas: cryptocurrency, blockchain, artificial intelligence, and biotechnology. The company is also interested in exploring frontier projects and other innovative ideas that could drive the next wave of technological advancements and profitability.
More breaking news
More breaking news
Breaking news
Anon World: A New Anonymous Social Platform on Farcaster
