The first BeInCrypto Excellence ceremony was held in 2024 and the venture capital and research company Bing Ventures was there after being nominated in one of the most important categories.
What are the full details and how is this part of crypto’s move towards the mainstream?
The Award Nomination Details
Bing Ventures is affiliated with the BingX crypto exchange and has been supporting various blockchain ventures as well as innovative fund managers. This led to the company’s impact on the crypto scene being rewarded with a nomination for Crypto Venture Capital with Best Project Portfolio in 2024 at the BeInCrypto Excellence Award 2024.
Founded in 2021, Bing Ventures has been investing capital in a range of blockchain projects since then. Its current portfolio stands at over 50 projects including interesting names such as Berachain and Fractal Bitcoin. More than 20 new investments have been added in 2024, mainly startups with a high level of potential for making a serious impact in their respective industries.
What Areas Are in the Bing Ventures Portfolio?
The company has a portfolio covering diverse areas like decentralized finance (DeFi), gaming Web3, and infrastructure. These are all crucial areas where the blockchain is creating new opportunities at a rapid rate. Recent impressive price rises in the value of DeFi tokens like ENA, CRV, and LDO show how this part of the crypto industry is making waves.
Web3 is another subject that’s grabbing a lot of news headlines, as it looks set to provide users with a more interactive internet experience. An example of the way it’s grabbing a lot of attention right now comes with the Middle East Blockchain Conference & ETH Riyadh 2024, which was an important event where some of the leading names in Web3 development came together for workshops, discussions, and presentations.
Gaming has also changed in recent years, as the blockchain has allowed the addition of the play-to-earn and tap-to-earn categories. We can see the positive impact in the online gambling world too, as the PeerGame casino games website states that they believe Bitcoin technology will disrupt the gaming industry. Slots and table games that can be played using Bitcoin SV tokens, as well as almost-instant deposits and withdrawals, show how the latest technology can be used to provide provably fair games.