Binance Labs Doubles Down on Ultiverse with Another $5 Million Investment

Binance Labs has made an additional $5 million in equity investment in Ultiverse, a VR metaverse project. The additional equity investment is said to ensure that Binance Labs has a say in the future development direction of the project. Previously, Ultiverse closed a $4.5 million seed funding round last week, led by Binance Labs and Defiance Capital, with participation from Three Arrows Capital and others.