investment hit rate

RootData: Among nearly 30 Binance Launchpool projects, 21 are invested by Binance Labs, accounting for over 11% of its portfolio

According to ChainCatcher news, the Web3 asset data platform RootData stated on the X platform that since November 2021, Binance has launched 30 Launchpool projects, with a total of 288 institutional and individual investors participating in the primary market. Among them, Binance Labs ranked first by investing in 21 projects, holding 190 portfolios, with a Launchpool investment rate of 11.05%. However, in the recent 8 Launchpool projects, only 2 received investments from Binance Labs (Ethena, Renzo).For nearly 30 Binance Launchpool projects, Coinbase Ventures, OKX Ventures, Polychain, Dragonfly, and GSR participated in more than 5 projects.After analyzing the portfolios of 288 investors, it was found that the average number of Binance Launchpool projects in their portfolios does not exceed 2%. Meanwhile, the investment rates of Gemini Frontier Fund, Draper Dragon, Lightspeed Venture, and Folius Ventures exceeded 5%.As an individual investor, Synthetix founder Kain Warwick achieved an investment rate of 8.77%. He invested in Ethena in 2 rounds and also invested in projects like Hashflow, AltLayer, and Aevo. EthHub co-founder Anthony Sassal also reached an investment rate of 8.57%.In the a16z Crypto portfolio, only 3 projects are listed on Binance, which may be related to a16z's greater commitment to exploring the business boundaries of Web3 and regulatory innovation. Its latest portfolio and incubator include several crypto projects related to geography, privacy, and food and beauty, such as KIKI World and Setter.
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