Binance Labs Plans Rebranding and Highlights 2024 Achievements
Binance Labs plans to rebrand in 2025, marked as “the Year of the Wood Snake.” The venture capital platform recently outlined key achievements for 2024, emphasizing a focus on fundamentals and long-term impact while continuing support for aligned founders.
Investments in Diverse Projects
In 2024, Binance Labs invested in 46 projects, with 14 from its BNB Chain-focused MVB program or its chain-agnostic Labs’ Incubation program. The remaining 32 came from direct investments, evenly split between infrastructure and application deals.
The Decentralized Finance (DeFi) sector received significant attention, with 10 projects funded. The Artificial Intelligence (AI) and Bitcoin (BTC) sectors each garnered 7 investments. Additional funding included 4 projects in Restaking, 3 in Gaming, 2 in ZK, 2 in Real World Assets (RWA), and 2 in consumer apps.
In August, Binance Labs announced an investment in Particle Network, a Layer 1 blockchain solution targeting liquidity fragmentation in Web3. Additionally, it participated in a pre-seed funding round for Perena alongside other funds.
Binance Labs maintains a diverse portfolio across platforms like Telegram, Solana, and Ethereum, including smaller investments in emerging ecosystems such as Berachain and Monad, as well as established projects like Stacks and Celestia.
Future Outlook with Political Changes
By 2025, Binance Labs will focus on crypto/blockchain, AI, and biotechnology. With Donald Trump expected to assume the US presidency, Binance Labs anticipates changes in the crypto ecosystem. The pro-crypto stance of the incoming administration is expected to create a more favorable regulatory environment, enhancing institutional interest and investment in the sector.
Trump's transition team is reportedly planning a major overhaul of the US banking system, proposing the reduction or elimination of regulatory bodies, including the Federal Deposit Insurance Corporation (FDIC). This initiative is led by advisers from the Department of Government Efficiency (D.O.G.E.), aiming to streamline financial regulations that may benefit the crypto industry.