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

Plex Media Server Vulnerabilities Exploited for Cryptojacking

Attackers are exploiting vulnerabilities in Plex Media Server to install unauthorized cryptocurrency miners and a Linux proxy backdoor.

user avatarTomas Novak

Super League Shareholders Approve Metaplanets Bitcoin Treasury Proposal

Super League shareholders approved a proposal for Metaplanets to contribute 2,100 BTC and $25 million to a new US-listed Bitcoin treasury platform.

user avatarKaterina Papadopoulou

Sophon Sets Withdrawal Deadline Ahead of Mainnet Shutdown

Sophon has set a deadline for users to withdraw their assets by November 25 ahead of the shutdown of its standalone chain.

user avatarMaya Lundqvist

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

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.