Binance Labs, the enterprise capital and incubation arm of Binance, has invested in Blum.
Gleb Kostarev, CEO and co-founder of Blum: “We’re grateful to Binance Labs for his or her assist, which is able to speed up Blum’s buying and selling infrastructure and improvement and assist us to broaden into new markets. This funding is a key milestone in our mission to reinforce our platform inside the Telegram ecosystem, providing customers a seamless and intuitive expertise throughout conventional and decentralized finance.”
The undertaking was launched on April nineteenth, 2024, and was initially featured within the prestigious Binance MVB Programme. Inside 24 hours of this announcement, over 100,000 customers had signed up for Blum, marking a powerful begin to the platform’s journey.
In the present day Blum operates as a gamified Telegram Mini App, tapping into Telegram’s huge ecosystem and its rising consumer base of 950 million month-to-month energetic customers. Though the total model of the change is about to launch by the tip of the 12 months, customers can already discover and use a few of the platform’s key options inside the Telegram app.
Vladimir Smerkis, CMO and co-founder:‘Blum is the primary ‘tap-to-earn’ Telegram mini-app to finish Binance Labs’ MVB incubation program. This demonstrates the rising curiosity on this space from the most important crypto change. Not like different well-liked ’tap-to-earn’ tasks, Blum isn’t a recreation however an upcoming DEX change that leverages recreation mechanics to broaden our viewers.”
Since its launch, Blum has efficiently grown its consumer base by means of revolutionary gaming methods, together with a tap-to-earn mannequin. The app now ranks because the 3d hottest crypto platform globally, boasting over 60 million customers, with over 18 million every day customers, and greater than 20 million on-chain customers (these, who’ve linked their wallets to the product) and the third-biggest Telegram channel with over 22 million subscribers.
Blum’s founders, Gleb Kostarev and Vladimir Smerkis, have lately unveiled a strategic roadmap to reinforce the platform and speed up development within the Web3 sector.
Customers can at the moment earn Blum factors by tapping and interacting with the platform, join their wallets to Blum, and earn crypto from accomplice tasks by finishing duties and enjoying video games.
Additional product updates will embrace memepad, a platform the place customers can mint their tokens in 20 seconds, change and commerce them on Blum.
Blum is dedicated to creating crypto extra accessible to a wider viewers. To this finish, they’ve partnered with well-known tasks like OKX, BYBIT, and Bitget, in addition to well-known artists and rap performers. Extra particulars on these collaborations will likely be introduced quickly.
Along with product improvement, Blum’s staff strongly emphasizes schooling within the crypto house. They lately created Blum Academy on YouTube, educating individuals about cryptocurrency. The channel already has greater than 6 million subscribers and over 8 million views. Gleb Kostarev and Vladimir incessantly converse at business conferences. Within the close to future, you’ll be able to catch them presenting at TOKEN 2024 in Singapore.