Binance Labs has increased its investments in the emerging blockchain and crypto companies significantly over the past few months. In December 2021, Binance Labs led Multichain’s $60 million funding round.

Frank Ma, the CEO of Ultiverse, said: “We’re excited to grow Ultiverse along with Binance Labs and BNB Chain ecosystem, as we share a common vision of Web3 gaming metaverse. I am confident that Ultiverse will be the proof-of-concept that both Web3 and gamers have been clamoring for. We’ll do this by providing intricate virtual worlds and, more importantly, ways in which these worlds can be interacted with and affected in a truly collaborative way.”