Binance Labs Invests in BIO Protocol to Accelerate Decentralized Science (DeSci) Funding
Summary
The platform enables a global community of scientists, patients, and investors to collectively fund, develop, and co-own new drugs and therapeutics through its network of Biotech Decentralized Autonomous Organizations (BioDAOs). At Binance Labs, we are dedicated to unlocking groundbreaking advancements that drive long-term, real-world impact by supporting projects building meaningful technologyan approach that closely aligns with our investment in BIO," said Andy Chang, Investment Director, Binance Labs.Science drives human progress, but weve trapped our brightest minds in an endless funding maze - they spend 80% of their time writing grants instead of solving humanitys greatest challenges. This isnt just innovation - its a revolution in scientific funding, said Paul Kohlhaas, Founder, BIO Protocol.is the leading venture capital and incubator committed to empowering early-stage projects and driving the growth and development of the Web3 ecosystem. For more information, follow Binance Labs on .BIO Protocol (BIO) enables onchain scientific communities to collectively fund, build and co-own research and products in specific biomedical fields, such as longevity, brain health and rare diseases. Founded by key members of VitaDAO, BIO gives global communities of scientists, patients and investors the power to take science into their own hands and bring cures to life more efficiently, outside traditional pharma.