💥Bio Launchpool
BIO Protocol (BIO) enables scientists, patients, and investors to jointly fund, develop, and own medicines and treatments through the BioDAO network.
Binance Labs recently announced that it has invested in BIO Protocol (BIO), a pioneering protocol that is transforming the way early-stage scientific research is funded and commercialized using blockchain technology. The investment represents Binance Labs’ first foray into the Decentralized Science (DeSci) sector and holds promise for the future of the sector.
So What Does BIO Protocol Promise?
BIO can be thought of as a Y Combinator for on-chain Science. The platform enables a global community of scientists, patients, and investors to collectively fund, develop, and co-own new medicines and treatments through a network of Biotechnology Decentralized Autonomous Organizations (BioDAOs).
The protocol’s innovative approach addresses critical gaps in traditional scientific funding, particularly in areas such as rare diseases, longevity research, and emerging health issues.
BIO’s network currently consists of seven BioDAOs focused on diverse areas such as cryopreservation, women’s health, and psychedelics for mental health.
The next batch of the protocol includes projects that accelerate a cure for COVID and rare diseases and develop quantum microscopes to observe quantum biological phenomena, further expanding the reach and impact of community-driven science.
This new funding will support the expansion of the BioDAO ecosystem, providing seed funding for new BioDAOs and strengthening the network of service providers that provide them with community and token economy support.
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