Binance Launches a Metaverse Investment Competition, Featuring Web3 Startups 


Binance is making its first entry into the metaverse by launching “Build The Block.” The globally renowned Blockchain and cryptocurrency firm, designed Build the Block as a digital series that will enable web3 startups to compete for investments from Binance Labs. Binance is adding to its list of impacts in the Blockchain industry that is not limited to trading cryptocurrencies.

Binance Studio, the Binance in-house Web3 global creative studio for Binance created the project Build The Block in partnership with Lifeform. It is set entirely in the metaverse, using virtual cameras and custom avatars. 

One of the difficulties encountered by Web3 startups is little to no funds to effectively penetrate the market and offer their solutions. The Binance Build The Block project, which is in show format, will enable startups to access funds for web3 startups hence giving them a leap into the industry.

Yi He, the co-founder of Binance and head of Binance Labs, expressed that “Build The Block is Binance’s latest innovative experiment — creating the industry’s first metaverse…

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