Highlights
- Binance Labs said it has invested in 46 projects in 2024.
- Venture capital organizations have emphasized their commitment to diversity among their funding recipients.
Binance Labs is entering the new year with rebranding plans. This marks a good start to 2025, which has been named the “Year of the Tree Snake.”
In a recent post on X, the venture capital platform highlighted some of its key achievements for 2024. First, Binance Labs stated that it plans to focus on the fundamentals and achieve long-term impact.
We reiterated our plans to continue providing support to founders who share this vision.
Binance Labs invests in 46 DeFi, AI, re-staking, and gaming projects.
One of Binance Labs’ key achievements for 2024 will depend on the support of 46 projects. Of these, 14 are from the BNB chain-centric MVB program or the chain-agnostic Labs’ incubation program.
The remaining 32 came from direct investments. The venture capital firm also noted that the distribution is evenly split 50-50 between infrastructure and application deals.
The decentralized finance (DeFi) ecosystem was the beneficiary, accounting for 10 of the total 46 projects. The artificial intelligence (AI) sector and the Bitcoin (BTC) ecosystem each received seven rounds of funding.
The number of other projects and sectors the company has invested in is 4 in Restake, 3 in Gaming, 2 in ZK, 2 in Real World Assets (RWA) and 2 in Consumer Apps.
Last August, the venture capital arm announced an investment in Particle Network, a growing layer 1 blockchain solution.
Notably, the company has targeted its new round of funding to address the thorny issue of liquidity fragmentation in the Web3 world. Meanwhile, Binance Labs recently joined MitonC Fund, Maelstrom Fund, Breed VC, and ABCDE Labs in closing pre-seed funding for Perena.
Among its other successes is its ability to maintain a diverse portfolio across channels such as Telegram, Solana, Ethereum, and the leading Ethereum L2. Binance Labs talked about several smaller investments in emerging ecosystems like Berachain, Monad, and Initia, as well as more established ecosystems like Stacks, Celestia, and Bittensor.
Donald Trump’s cryptocurrency advocacy stance to change America’s cryptocurrency culture
By 2025, the company plans to focus on cryptocurrency/blockchain, AI, and biotechnology. Donald Trump is expected to be officially inaugurated as President of the United States in 2025. Based on this, the company expects that the trajectory of the cryptocurrency ecosystem will change.
“The incoming Trump administration’s cryptocurrency-friendly stance is expected to create a more favorable regulatory environment,” Binance Labs said of X. “These changes are likely to strengthen institutional interest and investment in the cryptocurrency sector, contributing to the maturity and development of the industry. “We will build an even stronger foundation based on solid fundamentals.”
Meanwhile, Trump has some potentially lucrative plans for the US cryptocurrency sector. One such plan is a proposal for a major overhaul of the U.S. banking system. The Trump transition team’s intention is to shrink regulatory agencies and even abolish the Federal Deposit Insurance Corporation (FDIC).
It is worth noting that advisors at the Department of Government Effectiveness (DOGE) are leading this movement. They seek the potential downsizing, consolidation, and elimination of major financial regulators, which could be beneficial to the cryptocurrency industry.
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Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about the practical applications of blockchain technology and innovations that drive general acceptance and global integration of emerging technologies. His desire to educate people about cryptocurrency has inspired contributions to popular blockchain media and sites.
