![Crypto Terms Glossary: What is Binance Labs? Crypto Terms Glossary: What is Binance Labs?](/img/117/131/what-is-binance-labs-sm.webp)
Binance Labs is a social impact fund and initiative built to incubate, invest in, and facilitate the widespread adoption of various blockchain and cryptocurrency start-ups, projects, and entrepreneurs. The mission of Binance Labs is to contribute to social impact causes around the globe and help grow the blockchain space by developing the knowledge base and skill sets of existing experts in the industry. It also intends to increase the number of developers and technologists involved in the blockchain and crypto industry to further the adoption of blockchain technology.