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Binance Labs Announces Strategic Investment in AltLayer

Binance's venture capital and incubation department, Binance Labs, announced a strategic investment in AltLayer, a leading Web3 decentralized Rollups-as-a-Service (RaaS) provider for applications.

Nicola W., Investment Director of Binance Labs, said: "Rollups customized for applications provide Layer 1 security and application chain customizability. However, a common problem with today's Rollups is that they mostly run on centralized sequencers, resulting in fragmented liquidity and user groups. We found AltLayer's approach to promoting application-customized Rollup launches through the Beacon Layer to be an inspiring one. Their core network provides several decentralized and interoperable properties urgently needed in the world of Rollups, numbering in the thousands. All of this greatly shortens time to market and encourages rapid innovation and experimentation."

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