Crypto News– Binance Labs, the venture capital and incubator arm of the cryptocurrency exchange Binance, announced on November 15 that it has invested in ARKM, the native token of the blockchain platform Arkham, known for its ‘deanonymizing’ capabilities.
In a blog post on its website, the company stated that the investment is intended to support the development of ‘on-chain insights at scale across the blockchain ecosystem.’
Binance Labs Invests in ARKM, the Native Token of the Arkham Platform
According to Binance Labs investment director Alex Odagiu, “Arkham’s proprietary technology advances how on-chain intelligence is produced and shared.” The Arkham platform enables individuals or organizations to conduct their research and participate in the intelligence economy, earning rewards through the ARKM token.
Arkham’s primary goal is to deanonymize blockchain transactions and enhance self-regulation by providing users with visibility into anyone’s blockchain transactions through its intelligence platform, as stated by Binance Labs. Powered by the proprietary artificial intelligence (AI) engine ULTRA, which algorithmically matches addresses with real-world entities, the Arkham platform allows users to track entity relationships and fund flows.
Additionally, Binance Labs highlighted that Arkham has introduced one of the world’s first on-chain intelligence exchanges, the Arkham Intel Exchange. Described as a ‘decentralized intelligence economy,’ this tool connects buyers and sellers of blockchain intelligence, allowing users to generate intelligence and earn value in the form of the ARKM token for their contributions.