**Binance Labs Ventures into Decentralized Science**

Binance Labs, the venture capital arm of the cryptocurrency exchange, has made its first foray into decentralized science (DeSci) by investing in BIO Protocol. This initiative aims to revolutionize the funding and commercialization of health sciences through Biotech Decentralized Autonomous Organizations (BioDAOs). These BioDAOs focus on areas often overlooked by traditional funding, such as rare diseases and longevity research.

The investment, whose amount remains undisclosed, will help expand BIO Protocol's network by providing seed funding and community support. Binance Labs' Andy Chang highlighted the merger of biotechnology and decentralized finance as a significant advancement in DeSci. BIO Protocol's network, which includes eight BioDAOs, reached a market cap of $200 million in November 2023.