Binance Labs Invests in Decentralized Content Platform Contentos
Binance Labs, the venture arm of the leading cryptocurrency exchange, has reportedly invested in Contentos (COS), a project building a public blockchain for decentralized content creation, to support its technical development and global community building.
Following our partnership announcement w/ @OntologyNetwork and @NEO_Blockchain , @BinanceLabs has announced an investment in Contentos. Please welcome @BinanceLabs; we are excited to be working with you! Find out more about the partnership on the link 👇https://t.co/plpDaRN4xr
— contentos (@contentosio) September 30, 2018
According to the announcement, Contentos has met the rigorous review process of Binance Labs, which rates the technical architecture, incentive system and community behind each project being considered for investment. The financials for the investment have not been released at this time.
Binance Lab’s investments into blockchain startups have been steady in recent months.
Back in July, Binance Labs revealed that it invested in Libra Credit (LBA), a decentralized digital asset financial services platform. The new partnership aims to address the “growing global demand for liquidity of crypto assets based on the Ethereum blockchain.”
More recently, Blockchain gaming startup Cocos-BCX closed a $40 million financing round led by top cryptocurrency companies, including Binance Labs and NEO Global Capital, as well as more traditional venture capital firms, including 500 Startups.
Binance Labs joins Danhua Capital (DHVC) and Ontology as backers of Contentos.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.