BINANCE INVESTS IN BIO PROTOCOL FOR BIOTECHNOLOGY

Binance Labs has made a significant investment in BIO Protocol, a groundbreaking project that harnesses blockchain technology to revolutionize the financing and commercialization of early-stage scientific research, particularly in the biotechnology sector .

This strategic move marks Binance Labs' first foray into the Decentralized Science (DeSci) sector, demonstrating their commitment to supporting cutting-edge innovations .

BIO Protocol leverages DAO to raise funds, utilizing proceeds from token sales to back relevant biotechnology projects, facilitating the sharing of intellectual property .

During its initial token generation event (TGE), BIO raised an impressive $6.2 million through a public sale, with participation from prominent venture capital firms such as Zee Prime and 1kx .

This investment is a testament to Binance Labs' focus on empowering innovative projects that converge technology and biotechnology. By supporting BIO Protocol, Binance Labs aims to accelerate the growth of the DeSci ecosystem and unlock new possibilities for scientific research and discovery .#BinanceSquareFamily