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Binance Labs Continues to Invest in Web3 Ecosystem Despite Regulatory Uncertainties and Bear Market

Binance Labs, the venture capital arm of the world's largest crypto exchange, has managed to grow its assets to $9 billion by investing in the Web3 ecosystem despite facing regulatory uncertainties and a bear market.

The VC firm believes that blockchain technology has not yet seen an explosive use case outside of financial instruments. Binance Labs is a long-term investor and looks for investment opportunities that have not been affected by market conditions or potential regulations.

The firm invests across all Web3 verticals and all investment stages, with a preference for early-stage bets on seed and Series A-stage companies. A recent report shows that VC and other investments in the industry have decreased by 91% in January due to the Crypto Winter.

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