October 03, 2024
Binance Labs has made an investment in Sophon, a platform dedicated to entertainment applications in areas like gaming, social interactions, AI, and prediction markets. Sophon aims to revolutionize how people live, play, create, and connect online by focusing on providing seamless user experiences.
Project | Latest Raise Date | Lead Investor | Category |
|---|---|---|---|
Sophon | October 03, 2024 | Binance Labs | ZK, Infrastructure |
With this investment, Sophon’s total funding now exceeds $70 million. Earlier this year, Sophon raised approximately $60 million through a node sale in May and an additional $10 million in a seed round. According to Seb, the CEO of Sophon, no further funding is anticipated.
Seb expressed excitement about Binance Labs’ support, emphasizing their mission to enhance the next generation of internet entertainment. He highlighted their commitment to making technology easy to use for consumers and providing developers with the tools to innovate and accelerate their applications.
About Sophone
Sophon is an entertainment-focused ecosystem that leverages advanced blockchain technology to enhance applications in gaming, social interactions, artificial intelligence, and prediction markets. Built on zkSync’s Hyperchain, Sophon aims to provide a seamless and engaging experience for both developers and users. By integrating high-throughput capabilities and decentralized infrastructure, Sophon is designed to revolutionize how people interact and create in the digital world.
Website: https://sophon.xyz/
X Followers today: 106,864
X Followers 30 days ago: 104,591
X Change: 2,273 (+2.17%)
About Investor
Investor: Binance Labs
Binance Labs is the venture capital and incubator arm of Binance, a leading cryptocurrency exchange. With a portfolio worth over $10 billion, Binance Labs is dedicated to identifying, investing in, and empowering viable blockchain entrepreneurs, startups, and communities. It provides financing to industry projects that help grow the wider blockchain ecosystem.
Location: Hong Kong, Hong Kong
Website: https://labs.binance.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers
Comments