Binance Labs' investment portfolio in 2023

1. What is Binance Labs?

Binance Labs is a venture capital arm of Binance - the argest cryptocurrency exchange by trading volume on the world. Founded in 2018, Binance Labs aims to support promising entrepreneurs, startups, and the blockchain community by providing financial backing to projects within the industry. Its ultimate goal is to foster a larger and more advanced blockchain ecosystem.

Binance Labs invests in projects at various stages, ranging from Seed Round to Series A. The projects that Binance Labs typically invests in focus on areas such as decentralized finance (DeFi), NFTs, metaverse, and gaming...

2. Binance Labs portfolio in 2023

Binance has invested in over 25 projects from early 2023 onwards, spanning various fields such as infrastructure, DeFi, gaming, and Layer 3.

1. Pendle Finance (Defi, LSDfi)
   Pendle Finance is a leading name in the field of LSDfi Yield Trading, and it is also the protocol recently announced as invested in by Binance Labs (August 2023).
2. Delphinus Labs (Infrastructure)
   Building infrastructure for SDKs based on the ZKWasm virtual machine.
3. Helio Protocol (Defi - LSDfi)
   The leading LSDfi protocol in the BNB Chain ecosystem was created to optimize the capital utilization of LST using the "destablecoins" $HAY.
4. Curve Finance (Defi)
   One of the longest-standing and largest DeFi protocols in the market
5. Kinza Finance (Defi)
   Kinza is a next-generation lending protocol on the BNB Chain, focusing on the Real Yield and ve(3,3) model.
6. Alt Layer (Infrastructure)
   Alt Layer provides a user-friendly "Rollup-as-a-service" solution, allowing users to easily create their own Rollups with options for proofs while ensuring high performance.
7. KiloEx (Defi) KiloEx is a decentralized derivatives exchange aiming to create a protocol that manages risk better and optimizes capital utilization.
8. Sleepless AI (Gaming, AI)
   Sleepless AI is a virtual reality game that allows players to interact with AI characters as if they were real individuals. The characters in Sleepless AI evolve and change over time based on how players interact with them. While Sleepless AI is still in development, it holds the potential to become a unique and engaging game for enthusiasts of Otome games, simulation games, and narrative-driven experiences.
9. Radiant Capital (Defi)
   

   Radiant is developing the first "Omnichain" lending protocol in the market, allowing users to deposit and borrow money across multiple blockchains. Radiant has garnered significant attention within the Arbitrum ecosystem.

   The project is scheduled to officially launch on the Ethereum Blockchain on October 15th.

10. Xterio (Gaming)
    Xterio is a game developer that integrates traditional gaming with Web3 to provide a powerful gaming experience for players. The project successfully raised over $55 million USD in funding.
11. zkPass (Data)
    zkPass represents a decentralized identity verification solution focused on protecting user privacy. This solution enables identity verification without requiring the disclosure of personal information. zkPass finds diverse applications across DeFi, data markets, and healthcare sectors. In summary, zkPass is a method for authenticating identity without the need to disclose personal information.
12. Web3Go (AI)
    Web3Go is a blockchain-based data and AI platform that facilitates easy and efficient access, analysis, and utilization of data on-chain. It provides advanced AI solutions, such as AI-generated digital assets and an on-chain AI development platform. Specifically, Web3Go serves as a tool to work with data and AI on the blockchain, offering capabilities to interact with and derive insights from blockchain-stored data seamlessly.
13. Neutron (Infrastructure)
    Neutron is a cross-chain smart contract platform utilizing the inter-chain security features of the Cosmos ecosystem. The project was recently listed on Binance and Binance Launchpool on October 10, 2023.
14. dAppOS (Infrastructure)
    dAppOS simplifies the user experience with cryptocurrencies by addressing issues with web3 accounts and dApp workflows through an intermediary layer that automates various tasks.
15. Bracket Labs (Defi)
    Bracket Labs is a company that provides tools and platforms to help traders profit from cryptocurrency market fluctuations. Their tools and platforms feature a simple and user-friendly interface, enabling traders to easily execute and manage their trading positions.
16. Maverick Protocol (Defi)
    The next-generation AMM protocol, designed to address lingering liquidity issues with Uniswap V3's Concentrated Liquidity Model (CLMM).
17. Kryptoskatt (Portfolio management)
    Kryptoskatt is a platform that simplifies Web3 financial services by providing offerings such as accounting, investment portfolio management, tax reporting, and various other services to support Web3 users.
18. Fusionist (Gaming)
    Fusionist is a company specializing in developing high-quality blockchain games and utilizing NFT collections. Their gaming ecosystem is built on Unity.
19. Polyhedra (Infrastructure)
    

    Polyhedra operates as an infrastructure system facilitating secure and efficient communication between Web3 applications and also with Web2 systems. A standout feature of Polyhedra is its use of Zero-Knowledge Proof (ZKP) technology to ensure the privacy of user information and reduce transaction costs. Polyhedra has developed a range of infrastructure services, including:

    zkBridge: A ZK bridge solution for transferring assets between Web2 and Web3 systems.
       
    zkDID: A decentralized ZK identity solution.
       
    ParaPlonk: A scaling solution using a network of large-scale distributed proofs to enhance the usability of ZK rollups.
       
    Middleware Design: Space design for Web3 through high-scalability middleware, including management of ZK-NFTs. 

    These solutions collectively enable Polyhedra to support interoperability, privacy, and scalability within the Web3 ecosystem, catering to diverse needs from asset transfers to identity management and beyond.

20. Mind Network (Data)
    Mind Network is a platform designed to help Web3 developers build more secure applications for users. It utilizes advanced encryption technology to protect user data from unauthorized access.
21. Rumby Stars (Gaming)
    Rumby Stars is a gaming platform developed by developers from South Korea - GOMBLE.
22. Playbux (Metaverse)
    Playbux is an e-commerce metaverse platform built on the BNB Chain, integrating features such as Shop & Earn and other services.
23. Gameta (Gaming)
    Gameta is a multi-layered entertainment and NFT gaming network aimed at providing Web3 users with a comprehensive gaming experience.
24. Filswan (Layer 3)
    Filswan has developed a Layer 3 cross-chain solution aimed at simplifying the integration of data, computation, storage, and more.
25. Tabi (Gaming)
    Tabi is a decentralized NFT platform and marketplace. It offers products such as NFT trading, Launchpad, and a gaming platform.

3. Conclusion

Despite 2023 being considered a challenging year for the cryptocurrency market, major organizations like Binance Labs continue to make strong moves in investment. In Binance's 2023 investment portfolio, there is a diversity of projects under scrutiny.

One notable aspect is Binance Labs' display of interest in the AI and gaming markets, with investments in projects within these sectors.

Many projects on this list have yet to launch their tokens, and some are still in the testing phase. There are still plenty of opportunities to explore and track these projects, so search and choose projects that align with your interests to follow closely.