The Top 8 Binance Labs Projects to Consider in April 2022

Finding the right project to invest in in the growing cryptocurrency industry can be quite challenging, especially for less experienced investors who struggle to confirm the projects’ quality. However, finding top-quality projects early on is one of the best ways to make a real, worthwhile profit from crypto. For example, those who recognized the value of Bitcoin 10-13 years ago and bought it or mined it in order to HODL are most likely millionaires today.

The same is true for those who bought Ethereum as soon as it came out, and decided to hold it for a few years. The next Bitcoin or Ethereum might be in development right now, or it might already be out, just waiting for users to start paying attention to it before its price starts skyrocketing, whether due to its use cases, advanced technology, or some other reason.

So, how do you identify those projects? Well, the easiest way would be to look at which projects experts support and invest in. Take Binance Labs as an example. This is Binance exchange’s investment arm that identifies, invests, and empowers viable blockchain entrepreneurs, startups, and communities.

It offers to finance projects that it considers to be worth its time, and it helps them cultivate strong powerful ecosystems. So far, it has mostly been correct in its assessments of new projects, which is why we decided to make a short list of the top 8 projects that Binance Labs invested in recently, hoping that it might give you some ideas regarding which projects to follow, yourself.

1. Ultiverse

The first on the list is Ultiverse, which is a project that aims to connect Web3 with a VR-compatible virtual world that will become home to the blockchain’s first AAA game. Combining the features of the metaverse and DeFi, the project is the first MetaFi of this kind. It aims to allow players to benefit from building a community.

Players will also be able to import their own NFTs from other chains and use them in the project’s metaverse, and they will be able to support land customization and NFT. The appearance of NFTs will depend on the players’ actions AI track, which will ensure a lot more immersive gaming experience than ever before in blockchain gaming.

While blockchain gaming is still in its infancy, the first generation is already here, and AAA titles are currently still lacking, which is why Ultiverse is likely to become a very popular and sought-after project.

2. Voxies Tactixs

Voxies Tactics is the first Free To Play game that aims to help tie blockchain and gaming closer together. It is working on developing a hybrid platform that would allow the mainstream adoption of all gamers, no matter what chain they prefer, or what console or hardware they use. Apart from the game itself, there is also an NFT project called simply Voxies, while both were developed by AlwaysGeeky Games.

Binance Labs stated that it has seen what Voxies Tactics can do at a very early stage, and that it was quite interested in helping the team continue development. So far, Voxie Tactics Demo has been downloaded over 300,000 times, with over 100,000 matches played in Open Beta already.

3. GAMEE

In the third spot, we have GAMEE. This is a project that aims to provide a highly-engaging gaming experience that will attract users and introduce them to blockchain technology. The project is a subsidiary of Animoca Brands, and it is powered by its native GMEE token, which is used within its ecosystem as the currency of purchase and action.

It has already launched Arc8 and G-Bots, which are some of its news blockchain gaming experiences powered by GME. Arc8 comes with an eSport approach to mobile gaming, while G-Bots is the cross-platform NFTs that enhance the experience.

4. Moonbeam

Unlike our previous entries, which are gaming projects, Moonbeam is actually a smart contract platform. It has grown rather rapidly after launch, and it became one of Polkadot’s most prominent parachains.

The project’s goal is to make a network compatible with Ethereum, as well as to continue to grow as a smart contracts platform. The project’s goal is to make it easy to use some of the most popular Ethereum developer tools in order to build or redeploy Solidity-based projects in a Substrate-based environment. Moonbeam mirrors many Ethereum aspects, such as accounts, keys, logs, Web3 RPC, and more. In a way, it is similar to an EVM implementation, but it is much more than that, which is why Binance Labs saw great potential in it.

To learn more visit our Investing in Moonbeam guide.

5. Heroes of Mavia

Heroes of Mavia is another gaming project — one that wishes to transform the NFT gaming landscape by offering intricate mechanics, unique monetization features, and exciting gameplay. The game is set on a fantasy-themed island, known as Mavia. Inside of its world, players are required to command a base and do anything they can in order to grow their army. To do so, they must collect resources, which is easiest to do by attacking others.

To start, players must occupy at least one plot of land, either by owning it, renting it, or partnering with someone who owns it. Thanks to the latter two methods, it is easy for players to start with little to no upfront capital. All in all, it is an interesting game, and we expect that it will take off in the near future.

6. Terra

In the sixth spot, we have Terra, which is a public blockchain protocol that deploys a suite of algorithmic, decentralized stablecoins. These stablecoins underpin the project’s thriving ecosystem, and allow the users to access DeFi in an easy way. Binance Labs saw potential in Terra for a number of aspects, such as the sustainable user benefits, strong adoption, great scalability, robust stability, and more.

The project has its native token, LUNA; but also a stablecoin UST, and the more demand UST sees, the more value gets captured by LUNA. Terra developed this system because it noticed that there is no clear plan to push crypto adoption. This is why Terra came up with a currency that is both price-stable and growth-driven at the same time. So far, the project has grown quite a lot, not just due to support from Binance Labs, but also due to the fact that it offered a great solution that the crypto industry itself saw great potential in.

To learn more visit our Investing in Terra guide.

7. Symbiosis Finance

Nearing the end of the list, we have Symbiosis Finance — a decentralized, multi-chain liquidity protocol that allows users to perform token swaps throughout multiple blockchains. Best of all, it can be done extremely easily, with a single click, and it is all in one place. The protocol currently only supports a handful of networks, including BSC, Ethereum, Avalanche, and Polygon. However, plans to expand further and add more support are in the works, so it likely won’t be long before additional chains join the network.

The project has plans to launch the second version of its protocol — so-called Symbiosis v.2 — with an implemented sidechain, smart order routing, cross-chain farming, as well as unified AMM pools. Binance Labs saw the project as a major contributor to the crypto industry’s multi-chain future, which is why it was quite interested in supporting it and contributing to its creation itself.

8. StarryNift

Finally, we have StarryNift, which is the first gamified, massive, co-creation Web 3.0 platform that also works as a launchpad for digital collectibles. It is integrated with the metaverse in the “confluence of multiple worldviews.” The project offers multiple ways to collect-to-earn, as well as play-to-earn, create-to-earn, and even stake-to-earn. In other words, it is focused at empowering the users while also giving them multiple choices to engage in various activities that best suit their style of investing and earning.

Binance Labs made a strategic investment into the project in order to equip its team with the capability to speed up the development of the project’s Starryverse, especially when it comes to developing SocialFi and GameFi features. The project’s founder, Martha Zhang, said that StarryNift believes that users can and should be co-builders of the project’s metaverse, and wishes to see the construction of a digital world where all players can generate creative content and be rewarded for it.

Conclusion

Binance Labs has shown in the past that it has a good, reliable way of identifying projects worth investing in, which is why we believe that investors should at the very least check out the projects that it chooses to support, and consider supporting them, as well. On this list, we are referencing only a handful of those that Binance Labs has invested in, but already, they seem like quite promising ones, so do keep an eye on them if they seem interesting to you, as well.