↑ Nano Coin Partners Embrace Web3, Betting Big on Binance Coin
Nano Labs , the Nasdaq-listed microchip giant, is embracing cryptocurrencies with a bullish strategic shift. This move was revealed in its plan to...
Recent developments underline Nano Labs' decisive shift from traditional semiconductor manufacturing to embracing cryptocurrency infrastructure. The company has announced plans to acquire $1 billion of Binance Coin (BNB) and has already started the process by purchasing $50 million worth BNB. The significant bet on BNB is transforming Nano Labs from a chip maker into a crypto play.
This move also includes the issuance of $500 million of convertible notes to fund the BNB treasury. As part of the company's accelerated Web3 initiative, the firm is also planning to build a $1 billion BNB treasury and seeking a license to launch HKD and RMB stablecoins.Nano Labs' BNB investment strategy has stirred the entire cryptoverse, with the BNB price witnessing a significant surge. Other players in the field also seem to be catching up, as seen from Coinbase, which announced the launch of US Nano Bitcoin and Nano Ether perpetual futures for American traders. They also plan to launch Nano XRP and SOL futures for the same demographic.
Simultaneously, Ledger has been observed to phase out the Nano S Model and urging users to upgrade. The company is also fielding criticisms for ceasing updates citing memory constraints causing outrage among users.
With that said, there is no ignoring Nano Labs' bold strategy and it is exciting to see how the company's venture into cryptocurrency will unfold.Nano Coin News Analytics from Mon, 11 Nov 2024 08:00:00 GMT to Wed, 27 Aug 2025 07:00:00 GMT - Rating -1 - Innovation 8 - Rumor -5
