Binance $7.5 Billion Portfolio Manager to Invest in Web3.0 Amid Bear Market Using CoinEdition

Binance $7.5 Billion Portfolio Manager to Invest in Web3.0 Amid Bear Market
  • Binance Lab portfolio manager, Yi He, sees potential in web 3.0 projects while the crypto market plunges.
  • The head of the venture capital fund is looking to invest in web 3.0 infrastructure, applications, data, analytics, security and more.
  • Binance announced it has earned 2,100% since its inception in 2018.

Binance’s multi-billion dollar portfolio manager Yi He, who helped found the crypto exchange with CEO Changpeng Zhao in 2017, has declared the embedded crypto market to be the ideal time. to invest in web 3.0 projects.

Yi He was recently announced by Zhao as head of incubator and investment unit of Binance Labs. persistence to thrive in harsh market conditions. “

The head of the venture fund also mentioned that she has active plans for the world’s largest crypto exchange, managing $7.5 billion in assets across more than 200 projects for Binance. According to her, current bear market conditions provide the perfect opportunity to invest in early-stage projects with long-term benefits, as well as tough economic conditions, which help filter projects.” copy” just entered the industry for quick implementation. Shove.

In August, Binance Labs announced that it had achieved a 2,100% profit margin since 2018 when it was founded. Part of the profit is the contribution of various investments the crypto exchange has made including the game for money, the Layer 2 blockchain Polygon, the metaverse game The Sandbox and the move app to make money STEPN.

Additionally, Binance Labs closed a $500 million investment fund in June with partners such as internet investment firm DST Global Partners (NYSE:) and Breyer Capital.

Binance’s $7.5 Billion Portfolio Manager to Invest in Web3.0 in the midst of a Bear Market appeared first on Coin Edition.

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