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

China Launches Investigation into AI Labs for Data Misuse

China has launched an investigation into AI labs DeepSeek and Moonshot AI for allegedly routing sensitive user data to Anthropics servers.

user avatarNguyen Van Long

Lion Group Holding Adds HYPE Tokens to Corporate Treasury

Lion Group Holding has disclosed a corporate treasury position of approximately 195,000 HYPE tokens, marking a significant move in corporate crypto asset holdings.

user avatarSatoshi Nakamura

Zcash ETP Gains Traction Amidst Market Surge

Zcash has seen a remarkable price increase this year, with gains exceeding 2,700%, fueled by the launch of the Zcash exchange-traded product (ETP) by 21Shares, providing a regulated way for investors to gain exposure to Zcash.

user avatarJesper Sørensen

21Shares Launches Europe's First Zcash ETP

21Shares has launched the first Zcash ETP in Europe, available on Euronext Paris and Amsterdam, with a 25% management fee.

user avatarRajesh Kumar

Valour Introduces AI-Driven Smart Crypto Fund SP

Valour has launched the Smart Crypto Fund SP, featuring an AI-driven allocation engine that dynamically adjusts exposure among major digital assets.

user avatarLucas Weissmann

US Spot Bitcoin ETFs Experience Nearly $1 Billion Inflows

On September 21, US spot Bitcoin ETFs recorded nearly $1 billion in net inflows, marking the largest single-session total of 2026.

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.