Binance invests in a Solana-based project!
Binance Labs, a subsidiary of Binance, announced that it has invested in the healthy lifestyle-focused gaming project Moonwalk Fitness.
The bullish market conditions have contributed to the launch of many new crypto projects. Crypto initiatives have begun to come to the fore with increasing investor demand and financial incentives. In a period when dozens of cryptocurrencies are launched every day, the investment arms of the exchanges continue to research potential projects.
Binance Labs, an investment and management company affiliated with Binance, has diversified its investment portfolio. The company has reached out to Moonwalk Fitness, which aims to create a gaming ecosystem to encourage healthier lifestyles.
Although the play-to-win model fell short of expectations, Binance's investment drew attention.
Binance preferred the health-focused gaming project
Binance announced that it will continue to support innovations and potential early-stage projects such as Moonwalk Fitness.
Moonwalk Fitness, a sports application that focuses on health and brings users together with the gaming world through financial incentives, was built on the Solana blockchain. The project encourages users to achieve their daily walking goals by staking USDC, $SOL , and $BONK . The initiative aims to combine healthy living with financial returns.
Max Coniglio, Investment Director at Binance Labs, said the following on the subject;
“At Binance Labs, we support early-stage projects that prioritize meaningful innovation and real-world adoption. We are excited to help Moonwalk Fitness bring Web3 to the masses.”
Moonwalk Fitness will focus on developing iOS and Android apps with the investment from Binance.
