Binance Has Now Turned Its Direction There! Another Strategic Investment from the Giant Crypto Currency Exchange!
Binance Labs, the venture capital and incubation arm of Binance, the world’s largest cryptocurrency exchange in terms of volume, has announced that it has signed another strategic investment. In a statement from the Binance Labs front, it was stated that a strategic investment was made in hardware wallet manufacturer NGRAVE and that NGRAVE will also lead the upcoming Series A investment round.
“We Will Continue to Support Innovative Initiatives”
The venture capital arm of Binance, and the incubation arm, Binance Labs, Crypto currency for users of the enhanced key to save a key without creating a user-friendly crypto currency and blockchain solutions provider that specializes in the security of a maximum security ngrave made a strategic investment that would lead to the type of investment and the company’s announced its upcoming series.
Founded in Belgium in 2018 with a touchscreen hardware wallet connectionless NGRAVE ZERO, a mobile application that connects users to the users in real time and the liquid blockchain not recoverable backup allows you to never lose the keys to offering encrypted and graphene consisting of stainless steel, 3-tier security package offers. With these products offered by NGRAVE, cryptocurrency investors can enjoy a truly end-to-end and easy-to-use self-storage solution for the first time, from key production to recovering a spare key.
Commenting on the strategic investment in NGRAVE, Yi He, Co-Founder of Binance and President of Binance Labs, said, “Security remains one of the biggest obstacles to the adoption of cryptocurrency. Self-custodial wallets are one of the most secure methods for storing cryptocurrencies, and with our investment in NGRAVE, we want to continue to support innovative initiatives that improve user security.” said.
Tyler Z, Investment Director at Binance Labs. while he stated:
Hardware wallets are one of the most secure solutions for self-storage and cryptocurrency storage, especially in high-volatility and turbulent markets. NGRAVE’s premium product suite offers a seamless and intuitive user experience combined with structured security innovations. Binance Labs is excited to capitalize on the burgeoning hardware wallet sector and partner with NGRAVE to bring sophisticated wallet products to both individual and corporate users.
“A Safer Place For Everyone”
Ruben Merre, Co-Founder and CEO of NGRAVE, commented after Binance Labs’ investment, “We have a real end-to-end perspective on how users can protect their cryptocurrencies. For example, when examining the existing key generation processes, we noticed serious vulnerabilities. For this reason, we have rediscovered the way keys are generated and overcome the limitations of mnemonic wallets that are widely used today.” he used his statements.
Stating that their goal is always to simplify the process, Merre said, “We want to make the crypto currency world a safer place for everyone. Our mission is to empower people to protect their wealth so that they can live the life they want. As the cryptocurrency world continues to evolve, we are excited to build with and alongside Binance Labs to provide that peace of mind to all of us.” add did.
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