Binance Labs announced an investment in BIO Protocol

ChainCatcher news, according to The Block, Binance Labs announced an investment in the DeSci project BIO Protocol, with the amount undisclosed.

This investment marks Binance Labs' first foray into the DeSci field. BIO Protocol aims to leverage blockchain technology to transform the financing and commercialization of early scientific research. Its platform enables scientists, patients, and investors worldwide to fund, develop, and co-own new drugs through a biotechnology DAO, addressing gaps in traditional scientific funding, particularly in areas such as rare diseases, longevity, and emerging health challenges.