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Binance‘s venture capital and incubation arm, Binance Labs, announced its investment in Particle Network, which offers a solution to Web3 user and liquidity fragmentation. Particle Network stands out as a modular Layer-1 Blockchain.
Investment Will Support Particle Network’s Development and Growth
Blockchain networks’ rapid increase leads to user base and liquidity fragmentation, negatively affecting user and developer experiences. Particle Network stands out as a modular Layer-1 Blockchain providing Chain Abstraction infrastructure to solve this issue.
Binance Labs’ investment will support Particle Network’s global team expansion, development of Chain Abstraction ecosystem features and integrations, and the secure and efficient launch of Layer-1 networks’ mainnets.
Binance Labs Co-Founder and President Yi He said, “We are proud to support founders developing innovative products that will bring a billion users to Web3. We are happy to support Particle Network’s mission to create a smoother and more intuitive user experience for everyday users.”
Particle Network Founder Pengyu stated that the investment from Binance Labs is a significant milestone, adding, “This partnership is an important step for realizing Chain Abstraction and accelerating the mass adoption of Web3.” Pengyu expressed that with Binance Labs’ support, they will enhance their technical capabilities and expand their reach within the global Web3 community.
What is Particle Network?
Particle Network is an infrastructure provider aiming to unify Web3 with the concept of “One Account, One Balance, Any Blockchain.” Through Universal Accounts, it allows users to transact within a single ecosystem without the need for asset management across different Blockchains.
Particle Network has four core features: Universal Accounts, Universal Liquidity, Universal Gas, and Particle Layer-1 Blockchain. These features enable users to transact with a single account and balance, eliminating the need for manual bridging or asset management across different Blockchains. This provides a smoother Web3 experience by allowing users to maintain a single address and balance on any Blockchain.
