Binance Labs has made an investment in ARKM, the native token of the Arkham platform.
The venture capital arm of Binance Exchange, Binance Labs, has made an investment in ARKM, the native token of the crypto intelligence platform Arkham.
Binance Labs, the venture capital and incubator arm of cryptocurrency exchange Binance, has announced an investment in ARKM, the native token of Arkham, a blockchain platform focused on "deanonymizing" transactions. The investment aims to support on-chain insights at scale across the blockchain ecosystem. Arkham's proprietary technology, driven by the ULTRA artificial intelligence engine, enhances on-chain intelligence production and sharing. It allows individuals and organizations to conduct research and participate in the intelligence economy with rewards powered by the ARKM token. Arkham's platform deanonymizes blockchain transactions, promoting self-regulation by enabling users to view anyone's blockchain transactions.
The Arkham platform employs ULTRA, an artificial intelligence engine that algorithmically matches addresses with real-world entities. This technology enables users to track entity relationships and fund flows. Arkham has introduced the Arkham Intel Exchange, one of the world's first on-chain intelligence exchanges. This decentralized intelligence economy connects buyers and sellers of blockchain intelligence, allowing users to generate intelligence and capture value for their work using the ARKM token.
While Binance Labs did not disclose the specific amount of the investment, ARKM's token has experienced significant growth, surging over 30% in the past 24 hours, with a market value reaching an all-time high of $100 million on November 15. As of the latest data, ARKM is trading at $0.58, marking an increase of more than 70% over the past 30 days.
Arkham (ARKM) 24-hour chart. Source: CoinGecko