{"id":25875,"date":"2024-01-29T15:17:00","date_gmt":"2024-01-29T15:17:00","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-labs-denies-participation-in-skyark-chronicles-15m-funding-round\/"},"modified":"2024-01-29T15:17:00","modified_gmt":"2024-01-29T15:17:00","slug":"binance-labs-denies-participation-in-skyark-chronicles-15m-funding-round","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-labs-denies-participation-in-skyark-chronicles-15m-funding-round\/","title":{"rendered":"Binance Labs denies participation in SkyArk Chronicles\u2019 $15M funding round"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1706541373718-c0e8e172-4974-4915-90bf-864b919d0aeb-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1706541373718-c0e8e172-4974-4915-90bf-864b919d0aeb-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1706541373718-c0e8e172-4974-4915-90bf-864b919d0aeb-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1706541373718-c0e8e172-4974-4915-90bf-864b919d0aeb-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Binance Labs says it was \u201cunware\u201d of SkyArk Chronicles\u2019 $15 million funding round and that it did not participate as the AAA gaming platform claimed.<\/li>\n<li dir=\"ltr\">SkyArk Chronicles has apologized for the \u201cmiscommunication\u201d.<\/li>\n<\/ul>\n<p dir=\"ltr\">Binance Labs has refuted claims that it participated in the gaming platform SkyArk Chronicles\u2019 latest financing round.<\/p>\n<p dir=\"ltr\">The venture capital arm of crypto exchange <a href=\"https:\/\/coinjournal.net\/news\/tag\/binance\/\">Binance<\/a> released a statement on Monday distancing itself from SkyArk Chronicles\u2019 $15 million funding, noting that the only participation it had was in the incubation of the project in 2021.<\/p>\n<h2 dir=\"ltr\">Binance says it never participated in the $15 million round<\/h2>\n<p dir=\"ltr\">Binance\u2019s reaction was prompted by an announcement that its venture arm had led SkyArk Chronicles\u2019 funding round. Binance Labs says it had asked the NFT project to rectify the claim as posted in the announcement article and on X.<\/p>\n<p dir=\"ltr\">While SkyArk deleted the post on the social media platform, it appears no other effort was made \u2013 despite Binance\u2019s repeated calls via private communication.<\/p>\n<p dir=\"ltr\">In one of its notices to the crypto community, Binance Labs said:<\/p>\n<p dir=\"ltr\">\u201c<em>SkyArk Chronicles is a project incubated and invested in by Binance Labs in 2021 through Incubation Season 3; please note that Binance Labs did not participate in the project\u2019s latest financing round this year<\/em>.\u201d<\/p>\n<p dir=\"ltr\">While it sought to avoid any possible FUD for the project, Binance Labs said it was \u201cunaware\u201d of the $15 million investment the SkyArk Chronicles team claimed Binance Labs had led. The project\u2019s announcement did not also stick to the facts.<\/p>\n<p dir=\"ltr\">\u201c<em>T<\/em><em>he development of a project will not collapse because Binance Labs has made a clarification on the facts. If a project is built on false expectations of prosperity, it is not truly brilliant. Looking at the recent operational and marketing activities by SkyArk Chronicles, we can see their potential for servicing end consumers and the community<\/em>,\u201d Binance noted in its\u00a0<a href=\"https:\/\/twitter.com\/BinanceLabs\/status\/1751927309630939421\" rel=\"noopener noreferrer\" target=\"_blank\"><u>statement<\/u><\/a> on Monday, January 29.<\/p>\n<p dir=\"ltr\">SkyArk said its $15 million fundraising had attracted the participation of several crypto investment platforms, including VividThree, Jambo Technology, GuildFi Global, and BreederDAO. The AAA gaming platform closed the funding round on January 12, 2024.<\/p>\n<p>SkyArk Chronicles launched its Genesis NFT sale on January 26, 2024, netting more than 50,000 ETH.<\/p>\n<p>Some observers have pointed out that the game studio messed up big time with the \u201cfalse\u201d claim. However, following Binance Labs\u2019 statement, SkyArk Chronicles <a href=\"https:\/\/twitter.com\/SkyarkS\/status\/1751933754220962090\" rel=\"noopener noreferrer\" target=\"_blank\"><u>apologized via X<\/u><\/a>, stating that it appreciated Binance Labs\u2019 clarification.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/binance-labs-denies-participation-in-skyark-chronicles-15m-funding-round\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Binance Labs says it was \u201cunware\u201d of SkyArk Chronicles\u2019 $15 million funding round and that it did not participate as the AAA gaming platform claimed. SkyArk Chronicles has apologized for the \u201cmiscommunication\u201d. Binance Labs has refuted claims that it participated in the gaming [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25875"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25875"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25876"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}