Binance Labs Supports BIO Protocol for Decentralized Scientific Initiatives

user avatar

by Giorgi Kostiuk

2 years ago

Binance Labs has announced its investment in BIO Protocol, a platform designed to support early-stage scientific research startups through decentralized funding.

New Investments in DeSci Sector

Binance Labs, the venture capital arm of Binance, has made its first move into decentralized science. The platform announced that its investment in BIO Protocol will facilitate a decentralized approach to funding scientific research, with a key role played by the BNB token.

BIO Protocol's Role in Scientific Research

BIO Protocol is evolving as the Y Combinator of scientific research, offering scientists and investors opportunities for co-funding and co-ownership. The platform currently operates through a network of seven biotech decentralized autonomous organizations, BioDAOs, covering areas such as women's health, mental health, and cryopreservation.

BIO Protocol represents a significant step forward in DeSci by merging biotechnology and DeFi.Andy Chang, Investment Director at Binance Labs

Plans and Prospects of BIO Protocol

The BIO Protocol team plans to use the funding to further expand its BioDAOs, with seed funding available for new entities. BIO will also offer community and tokenomics support to strengthen its presence and impact in scientific funding.

Binance Labs continues to expand its influence in the venture ecosystem, supporting innovative projects like BIO Protocol to drive long-term transformation in the science and technology field.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Zcash's Impressive Market Performance and ETF Launch

chest

Zcash has experienced a remarkable price increase, gaining over 2,300% in the past year, aided by the launch of Grayscale's Zcash ETF.

user avatarLucas Weissmann

Zcash Surpasses $1,000 Mark, Achieving New All-Time High

chest

Zcash's price broke above $1,000 for the first time in nearly a decade, marking a significant milestone in its market performance.

user avatarRajesh Kumar

Trezor Implements New Security Measures After Data Breach

chest

Trezor is enhancing security measures, including anonymous delivery options, in response to a data breach affecting 67,000 customers.

user avatarFilippo Romano

Data Breach Affects 67,000 Trezor Customers

chest

A data breach at shipping provider ShipMonk has exposed personal information of 67,000 Trezor customers in the US.

user avatarEmily Carter

BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration

chest

BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.

user avatarTomas Novak

BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens

chest

BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.