BINANCE LABS LEADS SEED ROUND FOR ULTIVERSE IN BNB CHAIN ECOSYSTEM

Last updated: June 20, 2025, 00:00 | Written by: Samson Mow

The metaverse is rapidly evolving, and Binance Labs, the venture capital arm and innovation incubator of Binance, is strategically positioning itself at the forefront of this digital revolution. Binance Labs, the venture capital arm and innovation incubator of Binance, is pleased to announce it led the seed round for Ultiverse, to build a Web3 social gaming metaverse with BNB Chain together.In a move signaling strong confidence in the future of Web3 gaming, Binance Labs has spearheaded the seed round for Ultiverse, an ambitious project aiming to build a groundbreaking social gaming metaverse within the BNB Chain ecosystem. Binance Labs, the venture capital arm of Binance cryptocurrency exchange has co-led the seed funding for Ultiverse, a blockchain startup looking to build a Web3 social gaming metaverse with BNB Chain together. DeFiance Capital co-led the seed funding with participation from other investors including Three Arrows Capital and SkyVision Capital.This investment not only underscores Binance's commitment to fostering innovation in the blockchain space but also highlights the potential of BNB Chain as a fertile ground for metaverse development. Cointelegraph Binance Labs leads seed round for Ultiverse in BNB Chain ecosystem News Coinspeaker Ultiverse Secures $4.5M in Seed Round to Expand Metaverse Offering in BNB Chain EcosystemThe significant funding injection of $4.5 million, valuing Ultiverse at $50 million, will be instrumental in developing the core product, attracting top-tier talent, and accelerating community growth.This partnership promises to reshape the Web3 gaming landscape, offering users immersive and engaging experiences within a robust and scalable blockchain environment. The round was co-led by Binance Labs and DeFiance, a Three Arrows Capital platform fund. Offerings in BNB Chain Ecosystem With $4.5M Raise 5 million at a $50 million valuation in a seedWill Ultiverse become the defining example of a successful Web3 metaverse?Let's delve into the details.

What is Ultiverse and its Vision?

Ultiverse is envisioned as a sprawling Web3 social gaming metaverse, built upon the foundation of BNB Chain. We would like to show you a description here but the site won t allow us.It aims to create a seamless and engaging experience for users, combining elements of social interaction, gaming, and decentralized finance (DeFi).The project's core vision revolves around providing a rich, immersive, and interconnected virtual world where players can interact, create, and earn within a vibrant community.

Frank Ma, the CEO of Ultiverse, expressed his excitement about the collaboration, stating, ""We're excited to grow Ultiverse along with Binance Labs and BNB Chain ecosystem, as we share a common vision of Web3 gaming metaverse. Binance Labs, the venture capital arm and innovation incubator of Binance, is pleased to announce it led the seed round for Ultiverse, to build a Web3 social gaming metaverse with BNB Chain together. The fund will be use d to develop the product, attract top talent and further increase the growth of the community.I am confident that Ultiverse will be the proof-of-concept that both Web3 and gamers have."" This statement emphasizes the project's ambition to bridge the gap between traditional gaming and the decentralized world of Web3, attracting both seasoned gamers and crypto enthusiasts alike.

Why Did Binance Labs Invest in Ultiverse?

Binance Labs' decision to lead the seed round for Ultiverse is a strategic move driven by several factors:

Belief in the Metaverse's Potential: Binance Labs recognizes the transformative potential of the metaverse and its ability to reshape how people interact, play, and transact online.
Strategic Alignment with BNB Chain: Ultiverse's commitment to building on BNB Chain aligns perfectly with Binance's broader strategy of fostering growth and innovation within its own ecosystem.
Confidence in the Team: Binance Labs likely sees potential in Ultiverse's leadership, possessing the experience and vision necessary to execute the project's ambitious roadmap.
Strong Market Opportunity: The Web3 gaming market is experiencing rapid growth, and Ultiverse is poised to capitalize on this trend by offering a unique and engaging metaverse experience.

The Role of BNB Chain in the Ultiverse Ecosystem

BNB Chain, formerly known as Binance Smart Chain (BSC), plays a crucial role in the Ultiverse ecosystem.As the underlying blockchain infrastructure, BNB Chain provides the scalability, security, and low transaction fees necessary to support a large-scale metaverse project.Its key advantages include:

High Throughput: BNB Chain can handle a large volume of transactions, ensuring a smooth and responsive user experience within the Ultiverse metaverse.
Low Transaction Fees: Significantly lower than Ethereum, which encourages frequent interactions and transactions within the game.
Developer-Friendly Environment: BNB Chain offers a robust suite of tools and resources for developers, making it easier to build and deploy decentralized applications (dApps) and games.
Extensive Ecosystem: BNB Chain boasts a large and active community of developers, users, and investors, providing a supportive ecosystem for Ultiverse to thrive.

The rebranding of Binance Smart Chain to BNB Chain in February reflects Binance's commitment to expanding the scope and functionality of its blockchain network. Binance Labs, the venture capital arm and innovation incubator of Binance, is pleased to announce it led the seed round for Ultiverse, to build a Web3 social gaming metaverse with BNB Chain together. The fund will be used to develop the product, attract top talent and further grow the communityThe acronym ""BNB"" now stands for ""Build and Build,"" emphasizing the network's focus on supporting the development of innovative projects like Ultiverse.

How Will the Funds Be Used?

The $4.5 million raised in the seed round will be strategically allocated to several key areas:

Product Development: A significant portion of the funds will be used to develop the core features and functionalities of the Ultiverse metaverse, including its virtual world, social interactions, and gaming mechanics.
Talent Acquisition: Ultiverse plans to attract top-tier talent from both the gaming and blockchain industries, assembling a skilled team of developers, designers, and marketers.
Community Growth: The funds will also be used to expand the Ultiverse community, through marketing campaigns, partnerships, and community events.

Ultiverse's Ambition: A Proof-of-Concept for Web3 Gaming

Frank Ma's statement about Ultiverse being a ""proof-of-concept"" for Web3 gaming highlights the project's ambitious goals. Binance Labs Leads Seed Round for Ultiverse to Expand Metaverse Offerings in BNB Chain Ecosystem Binance Labs, the venture capital arm and innovation incubator of Binance, is pleased to announceIt aims to demonstrate the potential of blockchain technology to revolutionize the gaming industry by offering players:

True Ownership: Players will have complete ownership of their in-game assets, which can be freely traded and used across different games and platforms.
Decentralized Governance: Players will have a voice in the development and direction of the metaverse, through decentralized governance mechanisms.
New Economic Opportunities: Players will be able to earn real-world value by participating in the Ultiverse ecosystem, through gameplay, content creation, and other activities.

The Competitive Landscape of Web3 Gaming Metaverses

The Web3 gaming metaverse landscape is becoming increasingly competitive, with numerous projects vying for users' attention and investment. Binance Labs, the venture capital arm and inovation incubator of Binance, is pleased to anounce it led the seed round for Ultiverse, to build a Web3 social gaming metaverse with BNB Chain together. The fund will be used to develop the product, attract top talent and further grow the community.Some of the key players include:

Decentraland: A virtual world where users can buy, build, and explore digital land.
The Sandbox: A user-generated content platform where players can create and share their own games and experiences.
Axie Infinity: A blockchain-based game where players can collect, breed, and battle digital creatures called Axies.
Star Atlas: A space-themed metaverse built on the Solana blockchain.

Ultiverse aims to differentiate itself from these competitors by focusing on:

Social Interaction: Creating a highly social and engaging metaverse experience where players can connect with each other and build communities.
High-Quality Gaming: Developing compelling and immersive games that appeal to both casual and hardcore gamers.
Seamless Integration with BNB Chain: Leveraging the advantages of BNB Chain to provide a smooth and affordable user experience.

Who Else Participated in the Seed Round?

While Binance Labs led the seed round, other notable investors also participated, including DeFiance Capital, Three Arrows Capital, and SkyVision Capital.DeFiance Capital co-led the round, highlighting the strong interest from institutional investors in the Ultiverse project.The participation of these prominent venture capital firms underscores the perceived potential of Ultiverse and its ability to disrupt the Web3 gaming market.

DeFiance Capital's Role

DeFiance Capital, a Singapore-based venture capital firm, co-leading the seed round demonstrates their firm belief in the long-term prospects of Ultiverse.Their expertise in the blockchain space and early-stage investments can provide valuable guidance and resources to the Ultiverse team as they navigate the challenges of building a successful metaverse.

The Involvement of Three Arrows Capital

Three Arrows Capital's (at the time) involvement further validated Ultiverse's vision.While subsequent events have significantly impacted Three Arrows Capital, their initial investment signaled confidence in the project's potential early on.

SkyVision Capital's Contribution

SkyVision Capital also played a role in the funding, adding another layer of support and expertise to Ultiverse's backing.

Timeline of Ultiverse's Development

According to available information, Ultiverse's journey has been marked by several key milestones:

2025 March: Announcement of the seed round investment led by Sequoia Capital, Binance Labs, and Defiance. (Note: other sources did not list Sequoia as involved, so further research might be needed to confirm this detail)
2025 March: Official launch of the Ultiverse brand, along with its official Twitter, Discord, and Medium platforms.
2025 April: Announcement of Ultiverse's first cyberpunk.
2025 Q3: Commencing Ultiverse initialization.

These milestones demonstrate the project's rapid progress and commitment to building a comprehensive metaverse ecosystem.

What are the Potential Risks and Challenges?

Despite its promising potential, Ultiverse faces several risks and challenges, including:

Competition: The Web3 gaming metaverse market is highly competitive, and Ultiverse will need to differentiate itself to attract users and investors.
Technological Challenges: Building a large-scale metaverse requires overcoming significant technological hurdles, such as scalability, performance, and security.
Regulatory Uncertainty: The regulatory landscape for cryptocurrencies and blockchain technology is still evolving, and Ultiverse may face regulatory challenges in the future.
User Adoption: Attracting a large and active user base to the Ultiverse metaverse will be crucial for its success.

How Can Users Get Involved with Ultiverse?

Users can get involved with Ultiverse in several ways:

Join the Community: Follow Ultiverse on social media platforms like Twitter, Discord, and Telegram to stay updated on the latest news and announcements.
Participate in Events: Attend Ultiverse's virtual events and community gatherings to connect with other users and learn more about the project.
Contribute to Development: Developers and creators can contribute to the Ultiverse ecosystem by building dApps, creating content, and participating in hackathons and other initiatives.
Invest in the Project: Keep an eye out for opportunities to invest in Ultiverse's tokens or NFTs, which may be available through initial DEX offerings (IDOs) or other fundraising events.

The Future of Web3 Gaming and Ultiverse's Place Within It

The Web3 gaming sector is poised for significant growth in the coming years, driven by the increasing adoption of blockchain technology and the growing demand for decentralized gaming experiences.Ultiverse is well-positioned to capitalize on this trend, thanks to its strong team, innovative vision, and strategic partnership with Binance Labs and BNB Chain.

However, success in this nascent industry is not guaranteed.Ultiverse will need to overcome significant challenges to build a thriving metaverse ecosystem.The team will need to continue to innovate, adapt to changing market conditions, and prioritize user experience to attract and retain a large and active community.

Will Ultiverse Succeed?

Predicting the future is always challenging, but Ultiverse's strong backing from Binance Labs and its commitment to building on BNB Chain provide a solid foundation for success.The project's emphasis on social interaction, high-quality gaming, and seamless integration with the blockchain ecosystem positions it as a strong contender in the Web3 gaming metaverse landscape.However, ultimately, the success of Ultiverse will depend on its ability to execute its vision, attract users, and build a thriving community.

Key Takeaways: Binance Labs' Investment in Ultiverse

Strategic Investment: Binance Labs' leadership in the seed round for Ultiverse demonstrates its commitment to fostering innovation in the Web3 gaming metaverse space.
BNB Chain's Role: BNB Chain provides the underlying infrastructure for Ultiverse, offering scalability, security, and low transaction fees.
Ambitious Vision: Ultiverse aims to be a proof-of-concept for Web3 gaming, offering players true ownership, decentralized governance, and new economic opportunities.
Competitive Landscape: The Web3 gaming metaverse market is highly competitive, and Ultiverse will need to differentiate itself to succeed.
Potential Risks: Ultiverse faces several risks and challenges, including technological hurdles, regulatory uncertainty, and user adoption.

Binance Labs leading the seed round for Ultiverse marks a significant step towards the evolution of Web3 gaming. See full list on cointelegraph.comBy leveraging the power of BNB Chain and assembling a talented team, Ultiverse has the potential to create a truly immersive and engaging metaverse experience. Binance Labs, the venture capital arm and innovation incubator of Binance, is pleased to announce it led the seed round for Ultiverse, to build a Web3 social gaming metaverse with BNB Chain together. The fund will be used to develop the product, attract top talent and further grow the community.Only time will tell if it will achieve its ambitious goals, but the project's early momentum and strong backing suggest that it is a force to be reckoned with in the rapidly evolving world of Web3 gaming.

Frequently Asked Questions (FAQs) about Ultiverse and Binance Labs' Investment

What is a Web3 gaming metaverse?

A Web3 gaming metaverse is a virtual world that combines elements of gaming, social interaction, and decentralized finance (DeFi) using blockchain technology.This allows for true ownership of in-game assets, decentralized governance, and new economic opportunities for players.

What is BNB Chain?

BNB Chain is the layer 1 blockchain of crypto exchange Binance.It is designed to be scalable, secure, and developer-friendly, making it suitable for building decentralized applications (dApps) and games like Ultiverse.

What are the benefits of building a metaverse on BNB Chain?

Building a metaverse on BNB Chain offers several benefits, including high throughput, low transaction fees, a developer-friendly environment, and a large and active ecosystem.

How can I invest in Ultiverse?

Keep an eye out for opportunities to invest in Ultiverse's tokens or NFTs, which may be available through initial DEX offerings (IDOs) or other fundraising events.Follow Ultiverse's social media channels for the latest news and announcements.

What are the potential risks of investing in metaverse projects?

Investing in metaverse projects carries several risks, including competition, technological challenges, regulatory uncertainty, and user adoption challenges.It's important to do your own research and understand the risks involved before investing.

What is the future of Web3 gaming?

The future of Web3 gaming is bright, with the sector poised for significant growth in the coming years. 2025 Q3 Commencing Ultiverse initilization 2025 March Announcement of seed round investment led by Sequoia Capital, Binance Labs, and Defiance 2025 March The official launch of the Ultiverse brand, simultaneously debuting its official Twitter, Discord, and Medium platforms 2025 April Announcement Ultiverse's first cyberpunkBlockchain technology has the potential to revolutionize the gaming industry by offering players true ownership, decentralized governance, and new economic opportunities.

Disclaimer: Investing in cryptocurrencies and blockchain projects carries inherent risks. Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volumeThis article is for informational purposes only and should not be considered financial advice. Binance Labs, the venture capital arm and innovation incubator of Binance, is pleased to announce it led the seed round for Ultiverse, to build a Web3 social gaming metaverse with BNB Chain together. Please note, this is a STATIC archive of website www.binance.com from December 2025, cach3.com does not collect or store any user informationAlways conduct thorough research and consult with a qualified financial advisor before making any investment decisions.