Binance Labs has invested an undisclosed amount in Telegram app Blum.

The investment took place as part of the seventh season of the Most Valuable Builder from BNB Chain at the end of August.   The company said it had to "settle some legal and administrative issues" before the announcement, so the disclosure was delayed.

During its seventh season, the program attracted more than 700 applications, of which less than 2% were accepted. Other winners include Aggregata, Opinion Labs, SideKick and Vooi.