Binance Labs Leads $6 Million Round for Moonbeam Network, a Smart Contract Platform and Polkadot Ecosystem Parachain
April 3, 2021 @ 8:31 am By Omar Faridi
Binance Labs recently led a $6 million “strategic” round of the Moonbeam smart contract platform along with contributions from
CoinFund and
ParaFi.
The funds acquired from the investment round will be used to hire development resources, “build additional integrations and developer tools, perform third-party security audits, and establish a market presence in Asia,” according to an update from Binance. The company noted that these activities should position the team for the planned launch of the Moonbeam network later this year.