Binance Backs WOO Network With A $12 Million Strategic Investment

Binance Backs WOO Network With A $12 Million Strategic Investment

Binance is the largest exchange platform in trading volume within the crypto industry. Through its user-friendly interface, the exchange has over 20 million users. In addition, the platform supports several cryptocurrencies that would boost an investor’s portfolio. In its move to enhanced performance and services to customers, Binance has a strategic investment of $12 million through its venture capital arm. The investment is in a liquidity platform, WOO Network. This liquidity platform connects users to exchanges, DeFi networks, and other institutions. Binance Labs, which kicked off in....


Related News

Socialite Paris Hilton Backs $20 Million Strategic Investment in NFT Protocol...

The non-fungible token (NFT) project the Origyn Foundation announced on Tuesday the team received a strategic investment of $20 million from a myriad of investors. Hilton hotel heiress Paris Hilton participated in the funding round alongside firms like Polychain Capital and Table Management. Origyn Foundation Secures $20 Million NFT marketplaces and web platforms have seen a lot of investments over the last year as venture capitalists and venture financing companies have poured millions into these projects. On November 23, the Switzerland-based non-profit NFT project Origyn Foundation....

Binance Labs backs Polkadot ecosystem with $2.4m investment in Plasm Network

Binance has mobilized nearly one-quarter of its Polkadot ecosystem fund to lead Plasm Network’s Series A funding round. Binance Labs has led a $2.4 million Series A funding round for Polkadot-based smart contract platform, Plasm Network.Plasm Network's funding round is the first investment made using Binance Labs’ $10 million fund to support projects in the Polkadot ecosystem. Plasm is a leading parachain candidate on Polkadot supporting Ethereum and Layer-2 scaling solutions.Binance Labs is the venture capital and incubator arm of crypto exchange giant Binance. In December 2020, Binance....

Binance invests $200M in Forbes to boost consumer knowledge on Bitcoin

“Media is an essential element to build widespread consumer understanding and education,” Binance CEO CZ said. Binance, the world’s largest cryptocurrency exchange by trading volumes, is making a strategic investment in the 104-year old magazine Forbes to improve consumer understanding of cryptocurrencies and blockchain.Forbes and Magnum Opus Acquisition Limited, a publicly-traded special purpose acquisition company (SPAC), officially announced Thursday securing a $200 million strategic investment from Binance.Forbes previously announced plans to go public through a business combination....

Trace Network Raises Strategic Investment of Over $1.6 Million From Leading B...

The NFT based enterprise DeFi protocol, Trace Network with its up-and-coming Bling NFT marketplace for luxury and lifestyle products has commenced the launch of its native TRACE token. In the process, Trace Network has successful raised over $1.6 million from strategic investors from the industry, which will go towards funding the development of a full-fledged […]

Microsoft Backs Wemade’s Blockchain Push in $46 Million Investment Round

Software giant Microsoft has made a $14.8 million investment in Wemade, a Korea-based blockchain gaming services company that has recently launched its own stablecoin, named Wemix. The company was part of a $46 million investment round, that also saw the participation of two more companies: Shinhan Asset Management and Kiwoom Securities. Microsoft Backs Korea-Based Gaming Company Wemade Microsoft has participated in a $46 million investment round to back Korea-based blockchain gaming operator Wemade. The round, which involved Wemade selling convertible bonds, saw Microsoft purchase $14.8....