Aleksei Dmitry Melnik 
Binance Labs which is the enterprise capital division of crypto exchange Binance, is making significant strides in the blockchain and cryptocurrency industry . With a substantial fund size of $7.5 billion Binance Labs actively seeks out promising projects that have the potential to shape the future of the industry .
Promising Startups Backed by Binance Labs
Hercules who is a seasoned analyst has compiled a list of the most exciting recent investments made by Binance Labs and shed some light on the startups that have caught their attention .
LifeForm: By offering a hyper realistic 3D virtual human avatar editor and a Visual DID solution, LifeForm allows users to create avatars and use NFTs as digital identities .
Fusionist: Focusing on blockchain gaming and gaming infrastructure, Fusionist recently completed its beta testing phase and rewarded beta testers with an ACE airdrop .
Mysten Labs: This team is working on two promising projects . Firstly Sui which is a proof-of-stake blockchain and then Move, a programming language for creating smart contracts .
Exciting Projects on Binance Labs’ Radar
Binance Labs has been actively supporting innovative enterprises that are set to make an impact in the industry . Here are a few noteworthy projects they have invested in:
ARPA: With a focus on secure computing adapted to the blockchain, ARPA offers features such as a secure wallet, cross-chain bridge, decentralized storage and a verifiable random number generator (RNG) . The launch of its Mainnet is expected this month .
Space: Enabling content creators to design within its virtual world of commerce, Space makes the creation of 3D conceptual designs possible .
DoraHacks: Serving as a platform for developers to engage in hacker BUIDLs, Hackathons, Grants and Rewards; DoraHacks has already funded over $25.32 million with the participation of 88,932 active developers .
Zecrey: Leveraging zk-Rollup technology, Zecrey is a Layer 2 protocol that emphasizes privacy and scalability .
Velvet Capital: Velvet Capital, which is a DeFi operating system helps institutions in launching and managing financial products on-chain .
In Conclusion
Binance Labs being armed with a significant fund of $7.5 billion, continues to invest in promising projects at the forefront of the blockchain and cryptocurrency industry . Their recent investments include startups like LifeForm, Fusionist and Mysten Labs which offer innovative solutions in virtual avatars, blockchain gaming and smart contracts . Additionally Binance Labs has been actively supporting projects such as ARPA, Space, DoraHacks, Zecrey and Velvet Capital and each contribute to the advancement of the industry in their respective domains .
