Head of Operations at Binance Labs: Currently more focused on supporting startups that already have actual products and revenue

On November 15, Dana Hou, who is responsible for Binance Labs’ business strategy and operations, said that the department is currently more actively engaging with crypto project founders. Dana Hou said that despite the unfavorable regulatory environment for it this year, Binance Labs We will continue to invest in more cryptocurrency projects, including those based in the United States. Binance’s recent layoffs have not affected Binance Labs, and the team is still running stably. However, according to data analysis published on its official website, Binance Labs has reduced its team members by 10 since January, from 18 to 8. When asked about the departures, Biannce Labs said it would continue to recruit and welcome new members to the team. Dana Hou said that Biannce Labs and other venture investors are now more focused on backing startups that already have actual products and revenue. There was a time when projects would be hyped just because they received venture capital investment, but recently In the crypto industry, hype has become less of a concern. (Bloomberg)