CandleFocus Binance Labs Invests in BIO Protocol to Accelerate Decentralized Science (DeSci) Funding
2024-11-08
Author: Content Editor
Binance Labs has made its first investment in the decentralized science (DeSci) sector by supporting BIO Protocol, a blockchain protocol that revolutionizes the financing and commercialization of early-stage scientific research. BIO Protocol functions as a Y Combinator for on-chain science, allowing a global community of scientists, patients, and investors to collectively fund and develop new drugs and therapies through Biotech Decentralized Autonomous Organizations (BioDAOs). The funding from Binance Labs will enable the expansion of the BioDAO ecosystem, supporting the creation of new BioDAOs and enhancing the network of service providers. The partnership aims to address funding gaps in traditional scientific funding and promote community-driven science in areas such as rare diseases and emerging health challenges.
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