{"id":30441,"date":"2024-10-04T23:45:01","date_gmt":"2024-10-04T20:45:01","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=30441"},"modified":"2024-10-04T19:49:31","modified_gmt":"2024-10-04T16:49:31","slug":"binance-labs-invests-in-that-project","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/binance-labs-invests-in-that-project\/","title":{"rendered":"Binance Labs Invests in That Project!"},"content":{"rendered":"
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Binance Labs<\/strong> has made a strategic investment in Sophon<\/strong>, a developer of blockchain-based next-generation entertainment, gaming, and artificial intelligence applications.<\/p>\n

Binance Labs invested in Sophon<\/strong>, a Layer 2 network using ZKsync’s “flexible chain” technology. Built with Matter Labs’ modular and open-source framework, ZK Stack, the investment amount in Sophon has not been disclosed. Discussions began in the summer, and the investment round was completed in August.<\/p>\n

Andy<\/strong> Chang<\/strong>, Investment Director at Binance Labs, said, \u201cOur priority is to support projects that push the boundaries of Web3. Sophon\u2019s early successes demonstrate its immense potential in the entertainment and gaming world.\u201d<\/p>\n

Sophon CEO Seb expressed his excitement about Binance Labs’ support, saying, \u201cOur goal is to offer more accessible and innovative technology for both users and developers.\u201d<\/p>\n

What is Sophon?<\/h3>\n

Sophon is a ZKsync<\/strong> flexible chain, previously known as “Hyperchain.” This Layer 2 network, built using Matter Labs’ ZK Stack framework, is optimized for Web3 applications. While explaining the difference between Sophon and existing blockchains like ZKsync Era, Optimism, and Arbitrum, Seb emphasized that Sophon is more focused on retail and user experience rather than liquidity and DeFi-oriented services.<\/i><\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our<\/span><\/i> Telegram,<\/span><\/i><\/a> YouTube<\/span><\/i><\/a>, and<\/span><\/i> Twitter<\/span><\/i><\/a> channels for the latest<\/span><\/i> news<\/span><\/i><\/a> and updates.<\/span><\/i><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Binance Labs has made a strategic investment in Sophon, a developer of blockchain-based next-generation entertainment, gaming, and artificial intelligence applications. Binance Labs invested in Sophon, a Layer 2 network using ZKsync’s “flexible chain” technology. Built with Matter Labs’ modular and open-source framework, ZK Stack, the investment amount in Sophon has not been disclosed. Discussions began<\/p>\n","protected":false},"author":6,"featured_media":30442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,11,1],"tags":[22,1543,8895],"class_list":["post-30441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-exchange-news","category-genel","tag-binance","tag-binance-labs","tag-sophon"],"yoast_head":"\nBinance Labs Invests in That Project! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/binance-labs-invests-in-that-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance Labs Invests in That Project! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Binance Labs has made a strategic investment in Sophon, a developer of blockchain-based next-generation entertainment, gaming, and artificial intelligence applications. 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