What is Bio Protocol?
BIO Protocol is a decentralized science (DeSci) curation and liquidity protocol, initially funded by Binance Labs, aimed at supporting and providing resources for scientific research projects, promoting innovation in scientific research.
It can be understood as the 'Y Combinator for on-chain science'.
BIO Protocol includes core components such as BioDAO, curation system, intellectual property (IP) transformation and liquidity, and incentive mechanisms. It has built a diverse and highly participatory community through multiple rounds of auctions and airdrop plans, laying the foundation for a decentralized biomedical research network.
Most importantly, BioDAO raises funds through token sales and uses its funds to support and develop biotechnology projects related to its mission, creating shared intellectual property ownership among its members.
According to official information, there are currently 7 sub-DAOs successfully launched, with 3 sub-DAOs still in progress, raising a total of $23.5 million and deploying $7.2 million in research funds.
