Decentralized social network CyberConnect scores an investment from Binance Labs and the platform's token jumped in value.
Decentralized social network CyberConnect saw its token skyrocket by more than 30% after Binance Labs, the $9 billion venture capital arm of the world's largest crypto trading platform, announced an investment in the company.
The price of cyber shot to as high as $6.35 from $5.o5 on Wednesday, according to CoinGecko data. That's still far off its all-time high of more than $15 achieved last month. The investment division announced the investment on X. "We have made a follow-on investment round in CyberConnect," Binance Labs said in its post. "We see SocialFi's potential in propelling web3 into the mainstream."One of crypto's most active investors, Binance Labs' assets have grown to $9 billion, up from $7.5 billion last year. In July, Binance invested $15 million in Xterio, a web3 gaming startup.
Social finance platforms are one of the latest trends in crypto. Top projects so far include FriendTech, PostTech and StarsArena. CyberConnect wants to enable "developers to create social applications" which empower "users to own their digital identity, content, connections, and interactions," according to the company's website.© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Two injured after plummeting from 30-foot border wall as San Diego grapples with migrant influxVideo of Border Field State Park
Weiterlesen »
I’m Overwhelmed by Fall Arrivals, But I’m Calling These 30 Items Decisive BuysNatalie Gray Herder is an editor on the branded content team at Who What Wear and Marie Claire. Originally from Los Angeles, Natalie decided to make the move to NYC after graduating from Loyola Marymount University in 2019. She had plans of applying to law school until doing a 180 to follow her more creative passions: writing and fashion.
Weiterlesen »
Suspect, 30, arrested over two ‘heinous’ gunpoint rape incidents in Pa.: reports30-year-old Michael Henry, of Philadelphia, was arrested on Saturday for incidents that took place over the course of two days earlier this month.
Weiterlesen »
Suspended Michigan staffer reportedly bought tickets to more than 30 Big Ten gamesThe suspended Michigan football staffer at the center of the alleged sign-stealing scandal reportedly bought tickets to Big Ten games under his own name.
Weiterlesen »
'Superfog' in New Orleans metro blamed for fiery wrecks that killed 2, injured 30Wildfire smoke is combining with fog to create dangerously low visibility on I-55.
Weiterlesen »
Alleged Michigan sign-stealing mastermind Connor Stalions bought tix to over 30 opponents' gamesThe Michigan staffer forwarded the tickets he had bought – in his own name – to at least three other people in different parts of the country.
Weiterlesen »