#BIOProtocol BIO Protocol Background
Binance Labs invests in BIO Protocol to boost decentralized science
November 08, 2024, 7:49 PM
Binance Labs, the venture arm of Binance Exchange, has made its first investment in the decentralized science (DeSci) space with BIO Protocol, an on-chain platform for funding scientific research, according to The Block. Aimed at reshaping research funding, BIO Protocol empowers global scientists, patients and investors to co-own and develop biotech projects via DAOs. With Binance's support, BIO will expand its network of BioDAOs, tackling areas like rare diseases and quantum biology and advancing decentralized, AI-driven scientific funding, according to the post.
