Binance Labs invested in Corn to develop Bitcoin-based DeFi, introduce BTCN and increase Bitcoin's utility in the decentralized finance ecosystem.

Binance Labs Invests in Corn to Increase Bitcoin's Utility in DeFi

<img src="https://static.bittime.com/cms-static/upload/Binance_Labs_Invests_in_Corn_to_Increase_Bitcoin_s_Utility_in_De_Fi_0931559e33.webp" alt="Binance Labs Invests in Corn to Increase Bitcoin's Utility in DeFi.webp" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Binance Labs has just announced its strategic investment in Corn, an Ethereum layer 2 network focused on developing a Bitcoin-based decentralized finance (DeFi) hub.&nbsp;This investment aims to expand Bitcoin's utility in the DeFi ecosystem, by introducing BTCN, a hybrid Bitcoin token that combines multiple custodians, smart contracts, and bridge protocols.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/dogsairdrop?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/airdrop_dogs_bittime_14f57ae441.webp" alt="airdrop dogs bittime.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:12pt;text-align:justify;" dir="ltr">BTCN: A Hybrid Solution for Bitcoin in DeFi</h2>Corn has created BTCN as a solution to increase Bitcoin involvement in DeFi applications. This token allows Bitcoin holders to manage their assets more efficiently in various DeFi applications.&nbsp;With an innovative model, Corn directs all yield results at the network level back to users and protocols.&nbsp;Users who stake CORN tokens will receive popCORN, which allows them to control the distribution of yield generated from BTCN and CORN across the network.<h2 style="line-height:1.38;margin-bottom:10pt;margin-top:12pt;text-align:justify;" dir="ltr">Corn's First Funding Round: A Sign of Market Confidence</h2>This investment is part of Corn's first funding round, signaling market confidence in its potential to facilitate Bitcoin transactions within the DeFi ecosystem.&nbsp;The funds raised will be used to expand Corn's infrastructure, including building an incubator, hosting developer competitions, and preparing for mainnet launch.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:12pt;text-align:justify;" dir="ltr">The Future of Bitcoin in DeFi: Support from Binance Labs</h2>Yi He, Co-Founder of Binance and Head of Binance Labs, expressed his enthusiasm for Corn's approach, which is seen as being able to significantly increase the application of Bitcoin in DeFi.&nbsp;Support from Binance Labs is expected to accelerate the development of Corn and encourage wider adoption of this technology.&nbsp;Chris Spadafora, Corn Founder, emphasized the importance of Binance Labs' support in recognition of Corn's innovative solution and its ability to unlock new utility for Bitcoin in the DeFi space.<h2 style="line-height:1.38;margin-bottom:10pt;margin-top:12pt;text-align:justify;" dir="ltr">Conclusion</h2>With this support, Corn is expected to bring major changes in the way Bitcoin is used in the decentralized finance sector, strengthening its position as a more inclusive and productive asset in the DeFi world.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a><meta charset="utf-8">You can buy and sell crypto assets in an easy and safe way via&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Learn<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy"> How to Buy Crypto on Bittime</a>.Monitor price chart movements of&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC">Bitcoin (BTC)</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL"> Solana (SOL)</a> and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Binance Labs Invests in Corn to Increase Bitcoin's Utility in DeFi.webp

Binance Labs, the venture arm of Binance, remains committed to supporting early-stage Web3 startups. Read the full news!

Binance Labs Continues Investment in Startup Web3 Amid Market Decline

<img src="https://static.bittime.com/cms-static/upload/Binance_Labs_Continues_Investment_in_Startup_Web3_Amid_Market_Decline_b8ca4651be.png" alt="Binance Labs Continues Investment in Startup Web3 Amid Market Decline." width="1024" height="576"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> - Despite the crypto market's downturn, Binance Labs, the venture arm of Binance, remains committed to supporting early-stage Web3 startups. The company recently announced its investment in a new group of projects as part of its Season 7 Incubation program.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Binance Labs Supports for Web3</h2>Among the startups receiving support from Binance Labs are 0xAarc, FluxLayer, and Ton_Ton Games. These projects have demonstrated significant potential in the Web3 space, and Binance Labs believes they are well positioned to thrive despite challenging market conditions.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Incubation Season 7: Fostering Inovation</h2>The Binance Season 7 Incubation Program is designed to provide comprehensive support to promising Web3 projects. The program offers mentorship, funding, and access to Binance's extensive network of resources. By investing in these startups, Binance Labs aims to drive innovation and encourage the adoption of Web3 technology.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Navigating the Web3 Landscape</h2>The Web3 industry has experienced significant challenges in recent months, with market volatility and regulatory uncertainty creating a complex environment for startups. However, Binance Labs remains optimistic about the long-term prospects of the sector.By continuing to invest in promising projects, Binance Labs shows confidence in the underlying potential of Web3. The company believes that the current downturn is an opportunity for innovative startups to build a strong foundation and emerge as leaders in this space when market conditions improve.Read also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/binance-hentikan-dukungan-pay-id">Binance Phases Out Pay ID Support Starting August 6</a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Binance Labs: A Beacon of Hope for Web3 Ecosystem&nbsp;</h2>Binance Labs' decision to back new Web3 startups sends a positive signal to the broader ecosystem. This shows that despite the challenges, there is continued interest and investment in the development of decentralized applications and platforms.As the Web3 industry matures, it will likely attract more institutional investors and corporate partners. Binance Labs' commitment to nurturing early-stage startups is an important step in building a strong and sustainable Web3 ecosystem.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/?content_id=news&amp;cn=400001">Complete Guide How to Buy Crypto on Bittime</a>.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001">&nbsp;of Bitcoin (BTC) price</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL),</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

Binance Labs Continues Investment in Startup Web3 Amid Market Decline.