BIO Protocol (BIO) is a decentralized science (DeSci) initiative aimed at revolutionizing biotechnology by enabling patients, scientists, and biotech professionals to collectively fund, develop, and own tokenized biotech projects and intellectual property (IP).
Here are some notable milestones and facts about BIO Protocol:
July 2021: VitaDAO, a longevity-focused BioDAO and a cornerstone project supported by BIO Protocol, was initiated.
August 2021: The first on-chain science funding occurred in partnership with the University of Copenhagen.
December 2022: Pfizer Ventures backed VitaDAO with a $4.1 million investment, marking a significant collaboration between traditional pharmaceuticals and decentralized science.
June 2023: The first IP-Token was launched out of Newcastle University, showcasing the protocol's commitment to tokenizing intellectual property.
November 2023: The aggregate market cap of BioDAO tokens surpassed $200 million, reflecting growing interest and investment in decentralized biotech initiatives.
December 2023: HairDAO became the first DAO to file a scientific patent, highlighting the protocol's innovative approach to intellectual property management.
November 2024: Binance Labs made its first DeSci investment in BIO Protocol, indicating significant institutional interest in the project.
January 3, 2025: Binance announced the listing of the BIO token, which led to a remarkable surge of over 2600% in its value within the first minutes of trading, momentarily reaching a market capitalization of $1.1 billion.
BIO Protocol's ecosystem includes a growing network of BioDAOs, each focusing on specific scientific areas such as longevity research, women's health, psychedelic science, synthetic biology, and more. The protocol aims to drive biotech innovation through decentralized funding and coordination, making science more accessible, collaborative, and transparent.
The BIO token serves as both a utility and governance tool within the ecosystem, allowing holders to support BioDAOs, vote on key decisions, and fund network growth. Additionally, the protocol offers initiatives like the BIO Launchpad and BioDAO Incubator to facilitate the initiation and funding of new biotech projects.
Overall, BIO Protocol represents a significant advancement in the DeSci movement, merging biotechnology with decentralized finance to create a more open and collaborative approach to scientific research and development.