Binance Labs Boosts Transparency in Crypto with Investment in AI-Powered Blockchain Firm Arkham

Binance Labs, the venture capital arm of the world's leading cryptocurrency exchange, Binance, has recently invested in Arkham, a blockchain intelligence firm leveraging artificial intelligence (AI) to enhance transparency in the crypto industry.

Binance Labs Boosts Transparency In Crypto With Investment In Ai Powered Blockchain Firm Arkham_65b97a5996245.webp

This strategic move aligns with Binance Labs’ ongoing commitment to supporting innovative projects within the blockchain space.

Arkham’s advanced platform utilizes the proprietary AI engine ULTRA to deanonymize blockchain transactions. This technology empowers users to explore transaction histories and algorithmically match addresses with real-world entities, fostering a new level of transparency.

Beyond its analytical capabilities, Arkham has introduced the Arkham Intel Exchange, an on-chain marketplace facilitating the widespread buying and selling of blockchain intelligence. The platform’s “Intel-to-Earn” program, supported by Arkham’s native token $ARKM, incentivizes intelligence production. Users are further rewarded through the DATA Program for submitting information that aids in training ULTRA.

Related: PayPal Embraces Blockchain as Finance’s New Frontier for Innovative Payments

Binance Labs’ endorsement has significantly impacted Arkham’s market performance. Following Wednesday’s announcement, $ARKM experienced a 22.25% surge in price, indicating positive market reception and alleviating prior selling pressure.

binance labs boosts transparency in crypto with investment in ai powered blockchain firm arkham 65b97a5a48b20

While caution from investors resulted in a marginal increase in holder count from 16,600 to 16,700, metrics like Social Volume and Social Dominance have shown an uptick, signaling growing interest in ARKM among market participants.

Despite Arkham’s current rank at 343rd with a market capitalization under $100 million, some investors view the project as undervalued due to its innovative approach to blockchain intelligence and potential for growth within the crypto ecosystem.

In a separate investment move, Binance Labs has expanded its portfolio by supporting Initia, a network designed for modular rollups operating on the Cosmos network. This initiative targets developers aiming to create scalable systems without the complexities associated with traditional modular and multi-chain systems.

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