Binance, one of the biggest crypto exchange, is expanding its VC arm with $500 million raised “to boost blockchain, web3, and value-building technologies.”
“The goal of the newly closed investment fund is to discover and support projects and founders with the potential to build and to lead Web3 across DeFi, NFTs, gaming, Metaverse, social, and more,” said Changpeng Zhao, Binance’s founder.
Source: https://www.trustnodes.com/2022/06/02/binance-raises-half-a-billion-to-fund-web3-startups