Many people don’t understand why Binance @binancezh sometimes invests in projects and other times develops its own products. After reading this article, I finally get it—this is the classic 'raise the fish, then cast the net' strategy: Early stage: Through YZi Labs @yzilabs, they provide funding and resources to let hundreds of small teams experiment freely without stifling innovation. Maturity stage: Once a sector takes off (like prediction markets or Perp DEX), Binance directly integrates the mature features into their app, leveraging 300 million users to create instant hype. Is this even a crypto exchange? This is clearly a 'mega VC + traffic black hole' in Web3. This kind of dimensional reduction attack is tough for regular project teams, but for users, the one-stop experience is undeniably appealing. @heyibinance @cz_binance BinanceLabs Web3Strategy