As a seasoned crypto investor with a knack for spotting potential, I find Binance Labs’ investment in aPriori to be a strategic move that aligns perfectly with my portfolio’s growth trajectory. Having navigated through numerous bull and bear markets, I can confidently say that the focus on decentralization, gas fee reduction, and innovative MEV-powered liquid staking solutions is a game-changer in today’s blockchain landscape.
The venture capital division of Binance, known as Binance Labs, has made an investment in a company named aPriori. This firm is developing a liquid staking protocol (MEV-powered) for the Monad blockchain. The funding received will enable aPriori to grow its workforce, strengthen security measures, boost blockchain efficiency, and continue with their research endeavors.
The financing provided by Binance Labs is evidently aimed at supporting budding blockchain ventures with great promise. Specifically, aPriori is working to democratize the Monad blockchain and reduce gas costs.
Yi He, the creator of Binance Labs, announced that Binance Labs, which is Binance’s venture capital and business incubation division, has made an investment in aPriori. This project concentrates on developing Miner Extractable Value (MEV) solutions for liquid staking on Monad, a fast Ethereum-compatible platform for writing smart contracts at the blockchain level.
More recently, aPriori successfully secured $8 million during a seed financing phase, which was primarily headed by Pantera Capital. Additionally, CMS Holdings, ABCDE, OKX Ventures, Laser Digital, and Staking Facilities also contributed to this round. This latest investment brings the company’s overall funding to an impressive total of $10 million.
The platform is centered around decentralizing the Monad network and utilizing superior performance, which is opening up fresh opportunities within the market. aPriori aspires to transform the blockchain scene by providing advanced MEV-integrated liquid staking options.
Investing in aPriori by Binance Labs signifies a major advancement in backing fresh, groundbreaking cryptocurrency ventures. This action is in line with Binance Labs’ goal of fostering industry expansion and advancing blockchain technology innovations.
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2024-07-31 08:36