Binance Labs, the venture capital and incubation arm of Binance (which is being sued by US regulators for a wide range of issues along with facing major operational challenges globally) has reportedly invested in $ARKM, the native token of Arkham.
Arkham is an AI-powered blockchain intelligence and data platform “that provides granular information and visualization tools for on-chain activity.”
Arkham says that its mission is to deanonymize blockchain transactions and “empower self-regulation by enabling users to visualize anyone’s blockchain transactions through Arkham’s intelligence platform is powered by its proprietary AI engine, ULTRA, which algorithmically matches addresses with real-world entities and enables users with searchable and sortable transaction history on its entity and token pages, as well as its network visualizations that maps entity relationships and flow funds, enhancing transparency in the crypto industry.”
The protocol has introduced the world’s first on-chain intelligence exchange, the Arkham Intel Exchange, a decentralized intelligence economy “that matches buyers and sellers of blockchain intelligence at scale and allows users who generate intelligence to capture value for their work.”
Through Arkham’s “Intel-to-Earn”, the platform incentivizes the production of intelligence as a public good through bounties and auctions, “with trades and rewards powered by the $ARKM token. In addition, its DATA Program that rewards users for submitting intelligence used to train ULTRA, its proprietary AI engine.”
As noted in the update shared by Binance, Arkham transforms raw blockchain transaction information “into a clear view of the entities using cryptocurrencies and their activities providing intelligence to exchanges, trading firms and individuals.”
As explained in a blog post, Arkham’s proprietary technology, Ultra, “enables Arkham to map crypto activity beyond any other intelligence platform by gathering on and off-chain data from a variety of sources and synthesizes them to form a single, scalable, amendable source of truth.”
As covered last month, Binance Labs also invested in Initia, a network designed for highly interwoven modular rollups.
The platform enables developers “to build scalable and sovereign systems while abstracting away the fragmentation and complexities encountered with traditional modular and multi-chain systems.” This investment emphasizes Binance Labs‘ commitment “to supporting innovative infrastructure that will allow more Web2 developers to engage in the Web3 space.”
Initia is an L1 (Layer 1) on Cosmos “with application-specific L2s (Layer 2) using Optimistic rollups.”
Through Initia’s architecture, “encompassing the L1, L2, and communication layers, developers can easily launch application-specific blockchains as Initia L2s without needing to know complex chain-level infrastructure or run validator sets.”