​​Binance Labs, Binance venture division and incubator, today | NFT / BTC / DEFI News 📣

​​Binance Labs, Binance venture division and incubator, today announced its strategic investments in Melos Studio, an innovative music platform NFT Web 3.0.

Thanks to strategic investments, Binance Labs will provide Melos Studio with the necessary technologies, consultations and incubation services. Melos Studio will contribute to the Binance ecosystem by diversifying the category of musical NFT in Binance Smart Chain (BSC), expanding the team and creating more cooperation with leading world artists, as well as opening new indie performers.

“We hope to innovate the musical NFT with the help of Melos Studio and look forward to working with the team. Melos is distinguished by its fact that it covers not only the market and streaming service, but also platforms for developers where people can use each other’s musical NFTs to create more advanced NFTs,” said Chase Go, Investment Director of Binance Labs.

“We are pleased to form a partnership with Binance Labs to create an innovative NFT music platform in the Binance ecosystem. We will continue to explore music applications in Web 3.0 to create a community for music fans around the world,” said Yalu and Jim, co-founders of Melos Studio.

Melos Studio: innovative music platform Web 3.0 NFT

In an effort to use blockchain technology to create a quality music application in Web 3.0, Melos Studio uses innovative NFT technology to capture and fully reveal the value of each sheet music record. The studio also uses DAO management, which allows creators to draw inspiration with NFT DNA Tree and collaboration regardless of place and time. This musical inspiration will eventually turn into more musical works. By based the process of creating music on Github, Melos Studio also serves as a unique method of social contacts, allowing musicians and fans to communicate and share music.

Dapper Labs, Innovion, NGC Ventures and Multichain Capital participated in previous rounds of Melos Studio financing.

Binance Labs: venture capital leverage and Binance incubator

Binance Labs identifies, invests and supports viable blockchain entrepreneurs, startups and communities, providing funding to industry projects that help develop a larger blockchain ecosystem. Binance Labs strives to support fast-executing commands that have a positive impact on cryptospace.