JUST IN! Binance Labs Announces New Altcoin Project It Invested In!

Binance Labs, the venture capital and incubation arm of Binance, has invested in Sophon.

Binance Labs has announced an investment in Sophon, an ecosystem for entertainment applications across gaming, social, artificial intelligence, prediction markets, and more, ahead of its mainnet launch and token distribution next month.

This investment underscores Binance Labs’ commitment to powering early-stage projects that make Web3 more accessible and enable ecosystem growth.

“Binance Labs is committed to strengthening early-stage projects that push the boundaries of Web3 and support the growth of the ecosystem. Sophon’s strong industry partnerships and early success speak to their tremendous potential to revolutionize the entertainment, gaming, and AI spaces,” said Andy Chang, Chief Investment Officer at Binance Labs.

“We are excited to have Binance Labs join our mission to power the next generation of entertainment on the internet. Our goal is to make technology effortless and accessible for users while providing developers with the tools to push the boundaries and accelerate their applications like never before,” said Seb, CEO of Sophon.

Binance Labs did not disclose the investment amount.

We’ve invested in @sophon

Sophon is an ecosystem for entertainment applications in gaming, social, AI, prediction markets and beyond.

Read more👇https://t.co/sFM4eNYh6v

— Binance Labs Fund (@BinanceLabs) October 3, 2024

*This is not investment advice.