ColLabs: Binance creates a community of crypto investors

The stock exchange from cryptocurrencies presented ColLabs by Binancea community focused on venture capital Web3 and dedicated to founders and investors.

This Thursday, Binance Labs has unveiled its new initiative ColLabs.

[…] We are delighted to introduce ColLabs from Binance Labs, an invitation-only Web3 investment and financing community. […]”reads a press release.

The venture capital arm of the crypto giant believes that the “strength of the Web3 industry” lies in its community. ColLabs seeks to “foster links” within the crypto VC ecosystem by offering the opportunity to founders to get closer to the investorsand vice versa.

Binance Labs is one of the largest investors in the crypto sector. The exchange subsidiary has recently backed the Pendle, AltLayer and Radiant projects.

Although financing rounds are still taking place today, the amount of venture capital injected into this nascent industry fell drastically in 2022, and the decline has intensified this year. The American Sequoia recently reduced the size of its dedicated investment fund by 60%.

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