Binance Labs to invest another $5 million in Web3 MMORPG game Ultiverse

On March 25, Binance Labs will once again invest $5 million in Ultiverse, a Web3 MMORPG game. The investment will be in the form of an equity acquisition. Nicole Zhang, director of Binance Labs, said the investment is to ensure that Binance Labs has a say in the future direction of the Ultiverse team. As previously reported, on March 18, Ultiverse announced the completion of a $4.5 million seed round with a post-investment valuation of $50 million. The financing was jointly led by Binance Labs and Defiance Capital. (The Block)