Binance Labs, the investment arm of the popular cryptocurrency exchange Binance, has pumped money into aPriori, a startup aiming to bring liquid staking solutions to the Monad blockchain.
Expanding aPriori’s Reach
This investment will help aPriori grow its team and research efforts, making the Monad network more user-friendly and efficient. The goal is to make Monad more appealing to a wider audience.
aPriori’s Unique Approach
aPriori is using a special platform called Miner Extractable Value (MEV) to reduce fees and improve the Monad network’s performance. This approach also provides new incentives for validators, the people who keep the network running.
Binance Labs’ Focus on Innovation
Yi He, co-founder of Binance and head of Binance Labs, expressed excitement about supporting aPriori’s innovative work. He emphasized that this investment aligns with Binance Labs’ commitment to supporting early-stage projects with the potential to revolutionize the blockchain industry.
aPriori’s Vision
aPriori CEO Ray shared his enthusiasm about the partnership, stating that they are developing an MEV-powered liquid staking platform specifically designed for high-throughput, parallel EVM (Ethereum Virtual Machine) networks like Monad. He highlighted the importance of Binance Labs’ support in their efforts to innovate and bring new products to the market.
This investment is just the latest in a series of strategic moves by Binance Labs. Last week, they led an investment round in Pluto Studio, a game finance (GameFi) platform, whose first game, Catizen, was launched on the Telegram TON blockchain.
