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BingX Labs Marks 1st Year in Web3 & AI With Bold $16M Strategic Bet
BingX Labs Marks 1st Year in Web3 & AI With Bold $16M Strategic Bet
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Web3's quiet powerhouse just flexed its checkbook.
BingX Labs—the R&D arm of crypto exchange BingX—dropped $16 million into undisclosed 'strategic' Web3 and AI ventures this week. The move coincides with its first anniversary in the space.
Why it matters: While VCs clutch their pearls over 'market conditions,' this shows institutional money still sees blood in the water for blockchain's next act.
The cynical take: Another 'strategic investment' that'll either mint a unicorn or quietly dissolve into a tax write-off. Place your bets.
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