Ethereum World News
2022-08-11 15:49:31

Binance Labs Invests in Cross-Chain Staking Protocol Ankr After $500 Million Web3 Fund

Summary: Ankr protocol has received fresh capital from Binance Labs, Binance’s venture capital arm. The exact amount invested remains undisclosed at press time. The pair previously collaborated to build out key infrastructure for the BNB Chain. Ankr provides support by delivering DeFi composability to BNB Liquid Staking as well. Zhao’s VC department recently announced a $500 million fund to incentivize innovation in Web3 and blockchain. The investment arm also onboarded new leadership. Binance Labs disclosed a strategic investment in cross-chain […]

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