Binance Labs: The Lastest Investment Portfolio in 2024

8 min read
Binance-Labs-investment-portfolio-banner

Dive deep into Binance Labs’ investment portfolio for 2024. Discover their strategic investments in infrastructure, DeFi, GameFi, and more. A comprehensive guide to understanding Binance Labs’ vision for the future of blockchain and crypto.

In the dynamic world of crypto, Binance Labs stands out as a beacon of innovation and growth. As the venture arm of the global crypto behemoth, Binance, this entity has cemented its role as a major venture capital and project incubator, nurturing the next generation of blockchain projects.

In this article, let’s discover the premise of Binance Labs, and their diverse portfolio, highlighting some of the standout projects they’ve backed this year.

Read more: Coinbase Ventures: The Updated Investment Portfolio in 2024

binance-labs-pink-brains

What is Binance Labs?

Binance-Labs-Portfolio-pink-brains
Binance Labs invests in technical teams that build and support the decentralized web.

Binance Labs, the venture capital arm of the global crypto exchange Binance, has always been at the forefront of fostering innovation in the blockchain and cryptocurrency space. With a keen eye for projects that hold the potential to revolutionize the industry, Binance Labs’ investment portfolio for 2024 is a testament to its commitment to shaping the future of decentralized finance, gaming, infrastructure, and more.

Binance Labs, committed to backing agile engineering teams that positively impact the cryptocurrency space and foster a decentralized web, was established in 2018 with a capital of just $100 million. In just four years, it has expanded its operations to over 25 countries, with an investment portfolio exceeding 200 projects.

Annually, Binance Labs invests in only about 10 to 30 projects. Prioritizing quality over quantity, the projects they invest in undergo rigorous selection, resulting in an extremely competitive acceptance rate. There have been instances when Binance chose to invest in merely 5 to 7 projects out of nearly 300 contenders.

The Most Valuable Builder (MVB)

MVB is a program co-organized by Binance and Binance Labs to identify promising blockchain startups, offering them financial support and support to develop products on the BNBChain. The program’s goal is to boost the growth of the BNBChain, with the most promising projects being selected for investment by Binance Labs and its partners.

The program has taken place for six seasons until now. Some MVB winners will finally get investments from Binance Labs, and not all of them will list their tokens on Binance exchange. The benefits for projects participating in the MVB include:

  • Investment and liquidity support from Binance Labs.
  • Broad promotion and introduction to various crypto communities.
  • Resource support and guidance for development on the BNB Chain.
  • Potential opportunities for the token listing on Binance in the future.
  • Network growth and partnership establishment with Binance’s investment funds and partners.

Historical Overview

From Binance’s establishment in 2018, the journey has been nothing short of revolutionary. As Binance soared to global acclaim, Binance Labs emerged as its strategic arm, identifying and nurturing projects that held the potential to transform the crypto ecosystem.

Binance-Labs-ROI-Pink-brains
Binance Labs Top ROI Projects. Source: Chainbroker

Binance Labs has now grown to be worth over 9 billion USD. Its portfolio covers 200 projects from over 25 countries across six continents and has a return on investment rate of over 10X in ROI. 50 of Binance Labs’ portfolio companies are projects that have gone through our incubation programs.

In the context of cryptocurrency, ROI (Return on Investment) refers to the profit or loss that an investor realizes on a crypto project they have invested in. It is a measure of the performance of the investment relative to the initial investment price. For example top ROI of Binance Labs portfolio is:

  • Polygon – 217.0x
  • The Sandbox – 60.2x
  • Axie Infinity – 56.6x
  • MultiversX (prev. Elrond) – 48.6x
  • Injective – 43.6x

The Powerhouse Team Behind Binance Labs

Binance-Labs-team-Pink-Brains
Binance Labs C-level team. Source: Binance Labs

Changpeng Zhao (CZ) – Founder

Perhaps there’s no need to elaborate much on CZ – one of the most influential figures in the crypto world. CZ was the driving force behind the ICO boom in 2017. Moreover, he was the first to advocate for exchanges to publicly disclose user assets after the FTX collapse in late 2022.

Yi He – Co-founder

While not as widely recognized as CEO Changpeng Zhao, Binance co-founder and chief marketing officer (CMO), Yi He has made important contributions to build this “empire”.

Since Binance’s launch in 2017, Yi has led the business strategy, which saw the company successfully become one of the world’s largest crypto exchanges within the span of six months. Yi also pivoted the company to a global blockchain ecosystem from just a crypto-to-crypto trading platform. She is now the Head of Binance Labs, where she leads the business, investment, marketing, and branding strategy.

Key Investments of Binance Labs in 2024

Despite challenging operating conditions and a downturn in the market, Binance Labs remains a leading name in investment deals in 2024. Below is an overview of the fund’s investment portfolio as of October 2024. Their portfolio is a testament to their commitment to fostering growth and innovation in various sectors of the industry, ranging from infrastructure, GameFi/AI/Metaverse, DeFi, and Data.

Binance Labs-Investment Portfolio 2023 - Pink Brains-1
Binance Labs: Investment Portfolio in 2024. Original Tweet

Infrastructure

  • Neutron: Secured a $10 million funding round. It’s a cross-chain smart contract platform leveraging the Cosmos ecosystem’s security. Neutron was the first consumer chain on the Cosmos Hub’s interchain security feature, Replicated Security (RS).
  • DelphinusLab: An infrastructure provider that introduced the first known open-source zkWASM virtual machine, supporting trustless computation and application SDKs.
  • Initia: A network designed for highly interwoven modular rollups.
  • Alt Layer: provides a user-friendly “Rollup-as-a-service” that allows users to easily create their own Rollups with “proof” options while ensuring efficiency and high yield
  • DappOS: simplifies the user experience with cryptocurrency, solves problems with web3 accounts and the workflow of dApps by providing a middle layer to automate various things
  • Polyhedra Network: an infrastructure project that raised $10 million in investment from Binance Labs, to help Web3 applications communicate with each other and with Web2 systems securely and efficiently. Polyhedra uses ZKP technology to secure user data and reduce transaction costs. Polyhedra has developed several infrastructure services:
    – ZK bridge solution (zkBridge) for sending assets between web2 and web3 systems
    – ZK Decentralized Identity Solution (zkDID)
    – Scalable solution, using a large-scale distributed evidence generation network called ParaPlonk, to accelerate the availability of ZK rollup
    – Design space for Web3 through highly scalable middleware, including ZK-NFT containers
  • Swan: previously FilSwan, raised 3 million US dollars for its cross-chain infrastructure for web3 technologies. Source

DeFi

  • Pendle Finance: A DeFi protocol specializing in tokenization and yield trading.
  • Maverick Protocol: An innovative automated market maker (AMM) infrastructure with automatic liquidity movement and customized liquidity placement features
  • Radiant Capital: A cross-chain lending and borrowing protocol.
  • Curve Finance: Binance Labs made a $5M investment in Curve DAO Token (CRV), emphasizing their commitment to the DeFi sector.
  • Helio Protocol: Secured 10 million USD for its unique approach combining over-collateralized lending using its decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure.
  • Kinza Finance: A security-first lending protocol on BNBCHAIN with ve-Real-Yield tokenomics. Kinza Finance is among MVB VI winners invested by Binance Labs, together with
  • KiloEx: A decentralized derivatives exchange that aims to create a protocol for better risk management and better capital utilization optimization
  • Bracket Labs: A lab that provides decentralized tools and platforms that help traders profit from cryptocurrency market volatility. Bracket Labs’ tools and platforms have straightforward and easy-to-use interfaces, making it easy for traders to execute and manage their options trading positions.

GameFi/Metaverse/AI

  • RumbyStars: Binance Labs participated in the seed funding round of GOMBLE, a blockchain-based casual game developer.
  • Fusionist: Secured a $6.6 million seed funding round. Fusionist is a Web3 gaming company that collaborated with Web2 gaming giant FunPlus.
  • Xterio Games: Significant investments in the gaming sector, with Xterio Games securing $15 million investment
  • Playbux: An E-Commerce Metaverse Platform that closed a $2 million seed round led by Binance Labs.
  • Gameta: Web3 gaming platform NFT Gameta completed a $5 million seed round.
  • Tabi NFT: Raised approximately $10 million in its angel round. Tabi is a decentralized NFTs trading platform and marketplace, offering products such as NFTs trading, Launchpad, and gaming platforms.

Data/Management

  • zkPass: Raised $2.5M in a seed round funding from Binance Labs. zkPass is a privacy-preserving decentralized identity verification solution. It allows you to verify your identity without revealing any personal information. zkPass can be used in a variety of applications, such as DeFi, data markets, and healthcare. In short, zkPass is a way to verify your identity without revealing your personal information.
  • Kryptoskatt: A platform that simplifies web3 finance by providing services such as accounting, portfolio management, tax reporting, and more to support Web3 users
  • Mind Network: A platform that helps Web3 developers build more secure applications for users. Mind Network uses advanced encryption technology to protect user data from unauthorized access.

Conclusion

Binance Labs’ 2024 investment portfolio is a clear reflection of their vision for the future of the blockchain and crypto industry, which focuses on innovative DeFi protocols on BNBChain, cross-chain solutions, zero-knowledge proofs technology, blockchain gaming, metaverse and AI.

By strategically backing projects across various sectors, Binance Labs is fostering innovation and driving the industry toward a more decentralized and secure future. As the blockchain landscape continues to evolve, Binance Labs remains a pivotal player, championing the next generation of trailblazing projects.

FAQ

How much is Binance Labs worth?

With 28 assets in its group, Coinbase Ventures Portfolio currently has a combined market cap of $759,206,670,044. As of October 6, a typical asset in Coinbase Ventures Portfolio has a median price of $29,728, and an average price of $1,061.72. In the past 24 hours, Coinbase Ventures Portfolio’s average asset value increased by 2.97%.

Should we follow the Binance Labs portfolio?

Let’s review the performance of those project tokens that were invested in by Binance Labs (ATH prices with prices as of October 2024) as follows:

  • Polygon (MATIC): x210
  • The Sandbox (SAND): x60
  • Axie Infinity: x56
  • MultiversX (EGLD): x48.6

Binance Labs has a track record of investing in innovative crypto projects. It might be worth considering if your investment goals align with the crypto industry’s growth and you believe in the projects they back.

However, before making any investment decisions, conduct thorough research. While Binance Labs does rigorous vetting, it’s essential to personally understand the projects and their potential.

Are Binance Labs related to Binance Launchpad and Binance Launchpool?

Many projects listed above don’t specify the time of Binance Labs’ investment. However, a common feature among them is their presence on Binance Launchpad or Binance Launchpool. Therefore, even if there isn’t an official investment announcement if a project is featured on either of Binance’s fundraising platforms, it can be inferred that Binance Labs has invested in it.

Additionally, many wonders if being on the Binance Launchpad and Launchpool guarantees a listing on Binance. As of now, 32 projects from Binance Launchpad and 35 from Binance Launchpool have been listed on Binance. Thus, it can be concluded that even without an official announcement, projects from these two fundraising platforms will be listed on Binance after their launchpad/launchpool concludes.

What is the investment trend of Binance Labs in 2024?

While looking at Binance Lab’s portfolio, you may find the following features. Binance is a popular cryptocurrency trading exchange, and its investment arm, Binance Labs, invests in crypto and a wide range of non-crypto firms with blockchain-based products. New cross-chain solutions, zk-proofs technology, interoperability between chains, AI, and Web3 gaming are some of Binance Lab’s most important investment sectors in 2024.

Want to learn more about the DeFi trend this year? This is the list of 11 Innovative DeFi Projects To Watch In 2024.

Will Binance list Binance Labs invested projects’ token on Binance?

Since Binance Labs is one of the most significant crypto ventures, the community always appreciates its portfolio’s high-quality projects. As a result, big exchanges like Binance and Coinbase may list their tokens. However, not all invested projects by Binance Labs will be listed on Binance. It depends on the user base, trading volume on other exchanges, the number of users, and total value locked of the projects.

Dive into the Web3 Bible 🧠

hello@pinkbrains.io

Disclaimer: This article serves informational purposes only and does not constitute financial advice. Conduct your own research before making investmendecisions.