In a new development, the venture capital arm of the largest global crypto exchange, Binance Labs, has made a foray into Web3 technology. It recently revealed plans to lead a funding round for GoPlus Security, a Web3 security startup. However, Binance Labs has yet to disclose the funding round’s value.
The crypto market has been struggling with the ongoing crypto winter, and the fall of one of the prominent crypto exchanges, FTX, intensified the market’s decline. Prices of most crypto assets plummeted since the crypto exchange’s implosion.
Also, several crypto firms and venture investors in FTX have recorded losses. The insolvency contagion has been spreading like wildfire. Some companies have stopped withdrawals and other services on their platform. However, most investors still have some confidence in the crypto space, especially with Web3 development.
Binance Labs Supports Security Service GoPlus
An official blog post from Binance disclosed other details concerning the funding
We współpracy z: https://bitcoinist.com/binance-leads-funding-web3-project/
