TechFlow news — According to an official announcement, Binance Labs has revealed a strategic investment in the Move-to-Earn application STEPN, though the specific amount remains undisclosed. Bill Qian, head of Binance Labs, stated: "STEPN is contributing significantly to the rapid growth of Web3 users. We believe gamifying fitness can bring more people into this industry and accelerate mass adoption of crypto and blockchain technology."
Previously, STEPN, a Solana-based Move-to-Earn app, announced on January 20 a $5 million seed funding round led by Sequoia Capital India and Folius Ventures, with participation from Solana Ventures, Alameda Research, Spark Digital Capital, 6th Man Ventures, and Sfermion.
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