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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Soluna and Bitdeer Expand Bitcoin Mining Partnership

Soluna and Bitdeer are increasing their Bitcoin mining capacity at Project Kati 1 in South Texas, adding approximately 7 MW of mining equipment to reach a total of 35 MW, with completion expected in November 2023.

user avatarSatoshi Nakamura

Microsoft Stock Surpasses 500 Mark Amid Analyst Buy Ratings

Microsoft's stock has climbed above the 500 level, opening at 509 during Tuesday's trading session. Analysts have given MSFT a buy rating, with predictions suggesting it could reach above 600.

user avatarJesper Sørensen

Oracle Integrates with Swift's Blockchain for Enhanced Banking Payments

Oracle announced a significant integration with Swift's blockchain ledger to facilitate tokenized deposit payments for banks.

user avatarRajesh Kumar

TRON DAO Rings Closing Bell at Cboe for TRXS Listing

TRON DAO rings the closing bell at Cboe Global Markets to celebrate the listing of TRXS, an exchange-traded product linked to TRX.

user avatarLucas Weissmann

MEXC Launches 'WE SEE YOU' Campaign to Highlight Individual Traders

MEXC has launched a new brand identity focused on the philosophy 'WE SEE YOU', emphasizing the importance of individual traders behind accounts.

user avatarFilippo Romano

Citi and Coinbase Enhance Partnership for Stablecoin Payments

Citi and Coinbase have expanded their partnership to facilitate stablecoin payments for corporate clients, allowing seamless transactions between traditional and digital currencies.

user avatarEmily Carter

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.