Binance Labs invests in ARKM, the native token of Arkham platform

Binance Labs, the venture capital arm and incubator arm of cryptocurrency exchange Binance, said on November 15 that it had invested in ARKM, the native token of the “de-anonymizing” blockchain platform Arkham.

company explain In a blog post on the site, the investment aims to support “large-scale on-chain insights across the entire blockchain ecosystem.”

Alex Odagiu, investment director at Binance Labs, told Cointelegraph: “Arkham’s proprietary technology advances how intelligence is generated and shared on-chain.” The platform allows individuals or organizations to conduct their own research, in addition to enabling users to participate in intelligence through rewards The economy is powered by the ARKM token, the executive added.

Binance Labs said in the post that Arkham’s mission is to de-anonymize blockchain transactions and increase self-regulation by enabling users to view anyone’s blockchain transactions using its intelligence platform. The announcement stated that based on a proprietary artificial intelligence (AI) engine called ULTRA, which “algorithms match addresses with real-world entities,” the Arkham platform enables users to track entity relationships and financial flows.

Binance Lab also mentioned that Arkham launched one of the world’s first on-chain intelligence exchanges – Arkham Intel Exchange. The tool is a “decentralized intelligence economy” that matches buyers and sellers of blockchain intelligence and allows users to generate intelligence to receive value for their work in exchange for ARKM tokens.

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Binance Labs declined to disclose the amount of Cointelegraph’s investment.Following the news, the ARKM token rose by more than 30% in the past 24 hours, with its market cap achieve According to data from CoinGecko, a record high of $100 million was reached on November 15.