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Binance Labs, which is essentially the branch of BINANCE that's devoted to investments, is currently buying three cryptocurrencies in particular.
They haven't said how much, or why, but they're currently buying Ethena Labs, which is apparently not even listed on CoinMarketCap, NFPrompt (), which was also part of a past Binance Launchpool, and Shogun.
Ethena Labs aims to create an infrastructure to negotiate derivates. NFP is platform for AI-generated NFTs and Shogun is a trading platform.
Last year, Binance invested in a bunch of different projects, including some major ones, before they became well known. The list includes Optimism, LayerZero, Celestia, Aptos, Mysten Labs and of course Trust Wallet, which is owned by Binance.
