Binance Labs Invests in Particle Network to Ease Web3 Integration
Binance Labs, the venture capital arm of Binance, has announced its investment in Particle Network, an innovative Layer 1 blockchain solution.
The investment aims to tackle the growing challenges of user and liquidity fragmentation in the rapidly expanding Web3 ecosystem.
By leveraging Particle Network's advanced Chain Abstraction infrastructure, the partnership seeks to deliver a unified and seamless experience across multiple blockchain networks, enabling users to maintain a single account and balance across all chains.
Users can manage a single account and balance across all chains, removing the need for manual bridging or asset management. Consolidates liquidity across different chains. Universal Gas: Allows for gas payments in any token.
Serves as the core of the ecosystem. This system provides users with a frictionless experience through the "One Account, One Balance, Any Chain" approach. The funding will be used to expand Particle Network's global team, enhance the features and integrations of its Chain Abstraction ecosystem, and ensure a secure and efficient launch of its L1 Mainnet later this year.
Yi He, Co-Founder of Binance and Head of Binance Labs, expressed excitement about supporting Particle Network's mission to improve user experiences in Web3. Pengyu, Founder of Particle Network, emphasized the importance of Binance Labs' investment in advancing Chain Abstraction and promoting Web3 adoption. The partnership aims to make Web3 more accessible and user-friendly for everyone.
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