Binance Labs Enters DeSci Space with BIO Protocol Investment

BE[IN]CRYPTO11-09

Binance Labs invests in BIO Protocol to drive DeSci innovation, supporting decentralized scientific funding and ownership. BIO Protocol enables global co-funding of biotech projects through BioDAOs, ...

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BIO Protocol enables scientists, patients, and investors worldwide to co-fund, co-develop, and co-own new therapies via biotech DAOs. This approach fills crucial gaps in scientific research funding. The platform has established seven BioD","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","BK4121":"生命科学工具和服务","BK4585":"ETF&股票定投概念","BK4588":"碎股","BIO":"Bio Rad实验室","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC"},"translate_title":"币安实验室通过BIO Protocol投资进入DeSci领域","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BIO":1},"content_text":"Binance Labs invests in BIO Protocol to drive DeSci innovation, supporting decentralized scientific funding and ownership.\nBIO Protocol enables global co-funding of biotech projects through BioDAOs, targeting cryopreservation, women’s health, and mental health.\nInvestment aims to empower research and advance DeSci infrastructure with AI and open-source drug development tools.\n\nBinance Labs has invested in BIO Protocol in the decentralized science (DeSci) sector, aiming to transform scientific funding and development through blockchain technology. \nThis move represents Binance Labs’ first DeSci investment, the $10 billion venture arm of Binance, as it seeks to diversify its portfolio into new, impactful arenas.\nBIO Protocol to Drive DeSci with Binance Labs’ Support\nIn its statement, Binance Labs compared BIO Protocol to a blockchain-based Y Combinator. This platform aims to transform early-stage science by decentralizing funding and ownership. Unlike traditional systems, BIO Protocol relies on crowdfunding and decentralized ownership to fund scientific projects.\nBIO Protocol enables scientists, patients, and investors worldwide to co-fund, co-develop, and co-own new therapies via biotech DAOs. This approach fills crucial gaps in scientific research funding. The platform has established seven BioDAOs supporting projects in areas like cryopreservation, women’s health, and psychedelic treatments for mental health.\n\n“Our support for DeSci isn’t just about financial investment; it’s about empowering scientists to address humanity’s biggest challenges with a model that is transparent, inclusive, and fast-moving. DeSci represents a largely untapped sector for us, and we’re eager to accelerate scientific progress by exploring innovative and novel approaches that push the boundaries of what’s possible,” Andy Chang, Investment Director at Binance Labs, told BeInCrypto.\n\nThe next set of projects will focus on treatments for “long COVID-19,” cures for rare diseases, and technologies like quantum microscopes for studying biological phenomena.\nBIO Protocol’s foundation includes members from VitaDAO, a decentralized organization advancing longevity research with backing from Pfizer’s venture division. In October 2023, VitaDAO launched its first biotech company, Matrix Biosciences, to study anti-cancer compounds found in long-living mole rats in partnership with the University of Rochester’s Aging Research Center.\nInvestor Interest in Decentralized Science \nWith new funding, BIO Protocol plans to expand its ecosystem by providing seed funds for new BioDAOs and community support. The protocol aims to build an autonomous infrastructure for scientific funding powered by AI, open-source computational biology, and drug design.\nThis investment joins several others recently made by Binance Labs. In October, Binance invested in the Bitcoin liquid staking platform Lombard and the ZKsync elastic chain Sophon. In August, Binance Labs funded the Solana staking protocol Solayer, showing its commitment to decentralized technologies.\nInterest in DeSci is also growing among other significant players. In 2023, Coinbase CEO Brian Armstrong co-founded ResearchHub, a platform rewarding scientists with cryptocurrency for published work. ResearchHub is backed by a $5 million funding round and supports open-access research, removing barriers like paywalls and encouraging collaboration.\nVenture capital firm a16z also entered the DeSci field, leading a $5 million seed round for AminoChain, a decentralized biobank focused on transparency and consent in medical data collection.\n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\n\nYouHodler\nExplore\n                      \n\n\n\n\n\nWirex App\nExplore\n                      \n\n\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\nBYDFi\nExplore\n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\nYouHodler\n\n\n\n\n\n\n\n\nWirex App\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\nBYDFi\n\n\n\n\n\n\n\n\nMargex","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482417262"}