Binance Labs announced it has made a follow-on investment round in the decentralized social network CyberConnect. According to TokenInsight data, the price of $CYBER went up by 30.92% over the last 24 hours, trading at $6.2631 now.
"We see SocialFi's potential in propelling Web3 into the mainstream," Binance Labs said.
CyberConnect has raised a total of $25 million in the previous seed round and Series A round.
Related: CyberConnect Closed $10 Million Seed Round Led by Multicoin Capital and Sky9 Capital
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Binance
Fund Raising
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