- Binance Labs Fund has denied taking part in current fundraising actions by SkyArk Chronicles.
- In response to Binance Labs, the corporate incubated SkyArk Chronicles in 2021 by its Incubation Season 3 program.
- A number of publications claimed that Binance Lab led over 40 establishments in SkyArk's current $15 million funding spherical.
Blockchain business accelerator program Binance Labs Fund has denied participation in current fundraising efforts by SkyArk Chronicles, one of many tasks it launched in 2021. In a current submit on X (previously Twitter), the incubator highlighted a publication that claims: Participated in a fundraising program. Binance Labs stated it didn’t take part in SkyArk’s funding spherical this 12 months.
Among the highlighted publications learn:
SkyArk Chronicles, a triple-A gaming platform, closed a $15 million funding spherical on January 12, 2024. Binance Labs, the funding arm of the world’s main cryptocurrency change, led the funding spherical.
The publication additionally claimed that over 40 establishments participated on this funding spherical, which closed on January twelfth.
Binance Labs’ rebuttal comes greater than two weeks after the funding spherical closed. After the funding spherical, a number of media shops reported that Binance participated with out mentioning the precise quantity invested. It additionally reported that giant funding corporations corresponding to Singapore-based firm Vividthree Productions and different NFT and gaming networks corresponding to GuildFi International participated within the train.
The SkyArk Chronicle staff additionally broadcast information about Binance Labs' participation within the funding spherical.Nonetheless, it was eliminated submit When trying to entry the submit whereas submitting this report, an error message was returned, so we knowledgeable X of this.
Binance Labs has revealed that it has incubated SkyArk Chronicles in 2021 by its Incubation Season 3 program. He additionally admitted that he had invested within the venture throughout incubation. Nonetheless, he categorically denied taking part in any current fundraising actions.
Disclaimer: The knowledge contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any sort. Coin Version isn’t liable for any losses incurred on account of the usage of the content material, merchandise, or providers talked about. We encourage our readers to do their due diligence earlier than taking any motion associated to our firm.
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