Binance Labs Backs New Web3 Startups Despite Market Downturn
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Binance Labs announces Web3 projects for Incubation S7. 0xAarc, FluxLayer, and Ton_Ton Games revealed. Focus on early-stage projects with innovative tech. The cryptocurrency and blockchain industry is experiencing a significant downturn, with Bitcoin dropping 14% to a low of $49,300. This crash is attributed to financial policy shifts, such as the Bank of Japan's recent interest rate hike. Despite this market turbulence, crypto companies continue to invest in the space. Recently, Binance Labs, the venture capital arm of Binance, announced the second batch of projects for incubation and funding. Binance Labs Reveals Latest Incubation Projects Despite the crypto crash,
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