Binance Labs has revealed that it is set to rebrand and broaden its investment focus, now encompassing secondary market transactions, over-the-counter deals, and fresh initiatives. Moreover, it was disclosed that the former CEO of Binance, CZ, intends to get more hands-on with various projects on a personal basis.
On New Year’s Eve 2024, Binance Labs revealed their upcoming change of name and their intention to increase investments in various projects throughout 2025. The primary sectors they aim to concentrate on are cryptocurrency, blockchain technology, artificial intelligence, and biotechnology.
Binance Labs plans to broaden its investment reach beyond just primary market agreements, now encompassing additional activities like managing liquidity within secondary markets, over-the-counter trades, and various other transactions.
In the coming year, 2025, Binance’s venture capital arm anticipates that sectors that struggled in 2024, like gaming, ZK technology, and privacy solutions, will experience a resurgence. This is because these sectors are expected to advance beyond where they were in the previous year.
Moreover, Binance Labs anticipates that rapidly evolving fields like decentralized research, tangible assets, digital currencies with stability, and intelligent software agents are likely to thrive in the year 2025. These sectors, which are already showing significant promise, are expected to grow even beyond their current levels of development.
At Binance Labs (about to get a new name), we’re extremely dedicated to the core principles, striving for lasting influence. Looking towards 2025 and beyond, we will persistently back founders who align with our long-term construction philosophy.
As we approach the end of 2024, let’s reflect on…
— Binance Labs Fund (@BinanceLabs) December 31, 2024
On the discussion board, Binance Labs notes that the founding CEO of Binance, Changpeng “CZ” Zhao, is once again active and intends to personally fund initiatives within the crypto-industry.
Now that @CZ_Binance is active again and devoting much of his time to investments within the sector, he’s excited to network with established and emerging entrepreneurs, as well as deepen his involvement with various projects on a more intimate level, according to Binance Labs.
Although Binance Labs hasn’t officially confirmed it, some users interpreted this as a hint that Changpeng Zhao (CZ) might be rejoining the exchange in a more casual role. However, it’s also plausible that the exchange was referring to CZ’s ongoing involvement in the crypto industry’s developing areas like AI and Biotech, which could boost their prospects for growth in 2025.
During his initial post-prison media appearance, CZ expressed his enthusiasm for mentoring upcoming businesspeople within the cryptocurrency sector and devoting significant attention to his primary endeavors: Giggle Academy and ventures related to blockchain, artificial intelligence, and biotechnology.
On numerous occasions, Zhao has made it clear that he does not plan to go back to Binance or take charge of any initiative in the future.
In the year 2024, Binance Labs made a total investment in 46 different projects. Out of these, 14 were built on the BNB Chain and originated from incubation programs, representing 20% of their investments in BNB-centric projects. The remaining 32 projects were the result of direct investments.
Among the 46 ventures where Binance Labs has provided funding, approximately a quarter of these projects are focused on Decentralized Finance (DeFi), while around seven projects each center on Artificial Intelligence (AI) and the Bitcoin (BTC) ecosystem. There are also four projects dedicated to restaking, three in the gaming sector, two in Zero-Knowledge (ZK) technology, two in Resource Allocation (RWA), and a couple more in consumer applications.
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2024-12-31 14:40