Binance Labs Closes $500M Investment Fund to Boost Blockchain, Web3, and Value-Building Technologies

Main Takeaway:
- Binance Labs closes a new $500 million investment fund with support from leading global institutional investors.
- The new fund will invest in projects that can expand cryptocurrency use cases and drive the adoption of Web 3 and blockchain technologies.
- The new fund will invest in three different stages: incubation, early-stage venture, and late-stage growth.