Binance Labs, the $10 billion venture capital and incubation arm of the crypto exchange Binance, has made its first foray into the decentralized science sector with an investment in BIO Protocol. “BIO can be thought of as a Y Combinator for onchain Science,” Binance Labs explained in a statement shared with The Block. It is designed to change how early-stage scientific research is financed and commercialized using blockchain technology. The investment amount and structure were not disclosed. In addition to the investment from Binance Labs, earlier this year, BIO began…
Read MoreBinance Labs makes first foray into DeSci sector with investment in BIO Protocol
