Binance Labs has started to turn to several blockchains focusing on decentralized finance (DeFi), Web 3.0 coin projects, and cross-chain capabilities. News of Binanace investing in Web 3.0 coin projects, Web 3.0 coin project started to rise.
Binance venture capital (VC) Binance Labs has announced that it will contribute to the Oasis Foundation’s $200 million ecosystem development fund. This news means that he wants to support developing projects on Blockchain networks.
Binance Labs is joining other leading VC firms to support the Oasis Network (ROSE), an alternative smart contract platform considering a competitor to Ethereum. In addition to Binance Labs, other notable VC firms supporting the ecosystem development fund include Hashed, Jump Capital, Dragonfly Capital, and Draper Dragon. After the news was published, the altcoin price rose more than 25% on a daily basis.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
