Binance Labs is an investment project for crypto projects aiding in the development and growth of blockchain technology. Binance Labs has its focus on the projects that are sustainable and are considered beneficial for the betterment of the crypto and blockchain ecosystem. This involves projects around the development of dApps, decentralized finance (DeFi), and decentralized web technology or Web 3.0.
This project was created by YiHe and Changpeng Zhao in 2017. However, the project had to face a few regulatory issues since it did not meet the financial regulatory standards and therefore was ordered to cease its operations. BinanceUS came into existence after the project faced these issues; this time, it abided by the US regulatory guidelines.
Binance also has its own incubator program called the Binance Incubator Program which is believed to be one of the best and most exciting projects in the crypto ecosystem. This program facilitates the growth as well as the development of cutting-edge technologies in the field of blockchain. This incubator program showcases some of the most creative and innovative projects in the crypto industry.