Cryptocurrency exchange BingX announced the first anniversary of BingX Labs, a specialized investment and incubation unit. Over the past year, its team has established itself as a key strategic investor, partner and ally to developers, the firm said. The division drives innovation at the intersection of Web3, AI and decentralized finance, the company said.

Since launching in 2024, BingX Labs has channeled $16 million in investments into progressive projects and protocols like Babylon and StakeStone. In addition, the unit has also entered into strategic partnerships with organizations like IOSG, Kaia Foundation and Hackquest to support the broader growth of the Web3 and AI ecosystem.

According to the company, these agreements reflect BingX Labs’ approach of developing strategic partnerships with infrastructure builders for the next phase of Web3 and AI adoption.

Beyond financial support, BingX Labs has become a center for research and innovation, the exchange believes. The team is actively exploring new areas such as real-world assets (RWAs), DeFi and AI agents, the company emphasized.

Through regular webinars and developer meetings, BingX Labs interacts with creator communities, sharing knowledge and collaborating to create the next wave of “technological breakthroughs.” In addition, BingX believes that their division has also strengthened its position as a key player in Web3 and AI.

This, the platform claims, has been helped by sponsoring and attending major international events such as Consensus and Token 2049.

“In its first year, BingX Labs has evolved into something more than an investment platform – it is a catalyst for the next generation of innovation in Web3 and AI. By combining deep research, strategic partnerships and active developer engagement, we are building the infrastructure to support breakthrough projects that will shape the future of AI and decentralized technologies. Going forward, our commitment to supporting developers and partners in these transformational sectors will remain our core principle,” said BingX Labs CEO and BingX Chief Product Officer Vivien Lin.

Going forward, BingX Labs plans to deepen its research, expand partnerships and explore new opportunities, the company said. Of particular interest to the division is the area of decentralized AI-based applications. This will allow the company to maintain its focus on finding the next wave of transformative projects, the firm emphasized.