Binance Labs Puts $4M Into Startup Web3Go

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Web3Go, a network developer of data mining, has raised $4M in a seed funding round which was led by Binance Labs and had various participants, each including Hashkey Capital, NGC, Shima Capital, IVC, LIF, Big Brain Holdings, and Archerman Capital.

It was previously a participant in the fifth stage (MVB V) of the Binance venture capital incubation program, providing users with AI-enabled digital asset creation tools as well as a blockchain-based real-time data processing infrastructure.

With the raised funds, it plans to go through rebranding to Web3Go DIN (originally from Data Intelligence Network) and to further develop its project.

This investment follows Binance Labs’ announcement in June that it had invested in the five “most effective projects” from the MVB V stage of the incubation program.

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