Binance Labs is a fund for new cryptocurrency projects. Binance labs may either make direct investments in new cryptocurrencies or incubate entrepreneurs and projects.
Binance Labs will support entrepreneurs through technical review and talent scouting as well as though financial investments. Binance Labs intends to help blockchain technology reach its full potential.
Blockchain technology could be used to decentralize the entire internet in the future. Its usefulness is not limited to decentralized currency.
A new cryptocurrency must apply for funding to be involved with Binance Labs. In early 2019, the Argentinian government began matching Binance investments in new cryptocurrencies.