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- Binance Labs Fund has denied collaborating in a current funding train by SkyArk Chronicles.
- In line with Binance Labs, it incubated SkyArk Chronicles in 2021 by way of its Incubation Season 3 program.
- A number of publications claimed Binance Lab led greater than 40 establishments in SkyArk’s current $15M funding spherical.
Binance Labs Fund, an accelerator program within the blockchain trade, has denied collaborating in a current funding train by SkyArk Chronicles, one of many tasks it incubated in 2021. In a current submit on X (previously Twitter), the incubator highlighted a publication claiming it participated within the funding program. Binance Labs said that it didn’t be part of SkyArk’s financing spherical this yr.
Part of the highlighted publication learn:
SkyArk Chronicles, a Triple-A gaming platform, accomplished a funding spherical of $15 million on January 12, 2024. Binance Labs, the world’s main crypto trade’s funding wing, led this funding spherical.
The publication additionally claimed that greater than 40 establishments participated within the funding spherical, which ended on January 12.
Binance Labs’ rebuttal comes greater than two weeks after the conclusion of the funding spherical. After the financing spherical, a number of media shops reported that Binance participated with out mentioning the precise quantity it contributed. In addition they reported that funding behemoths like Vividthree Productions, a Singapore-based firm, and different NFT and gaming networks, reminiscent of GuildFi International, participated within the train.
The SkyArk Chronicle workforce additionally broadcasted the information about Binance Labs’ participation within the funding spherical. Nonetheless, it has deleted its submit on X to that impact, as attempting to entry the submit returned an error message whereas submitting this report.
Binance Labs clarified that it incubated SkyArk Chronicles in 2021 by way of its Incubation Season 3 program. It additionally acknowledged investing within the mission on the time of incubation. Nonetheless, it firmly denied being a part of the current funding train.
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