Binance
Labs, the accelerator and the venture capital division of Binance, poured
capital into a new cryptocurrency venture fund Nomad Capital, continuing its
efforts to boost the broader digital assets industry.
Nomad
Capital has outlined
in its blog post that the company takes a proactive approach to assist portfolio
companies in expanding and achieving success. Nomad’s objective is to provide
diverse means of value to their portfolio, such as product guidance, business
expansion, tokenomics planning, talent recruitment, and token launch strategy.
According
to the information presented by Binance Labs on Wednesday, the financing terms
and the amount allocated for Nomad Capital’s development have not been made
public.
“Nomad
Capital is committed to partnering with our portfolio companies to help them
achieve their full potential, “said Erick Zhang, the Managing Partner at
Nomad Capital.
“Binance’s
values and culture have a profound impact on our team and our approach to
investing. We are incredibly grateful for Binance’s support and trust. This
investment will further propel us forward in our mission to advance the growth
of the crypto industry.”
The venture
capital arm of Binance’s crypto exchange returned to funding cryptocurrency projects
after a really active fourth quarter, when at least four promising digital
assets projects obtained additional funds.
Active Q4 2022 for Binance
Labs
