Binance Labs announced the closing of a new $500 million investment fund, which is supported by investors such as DST Global Partners, Breyer Capital, and Whampoa Group. The new fund will invest in projects that can extend the use cases of cryptocurrencies and drive the adoption of Web3 and blockchain technologies. Besides, the fund is expected to invest in three different stages: incubation, early-stage venture, and late-stage growth.
