Binance Seeks to Track Blockchain and Crypto Uptake in a $1 Billion Investment

Binance Seeks to Track Blockchain and Crypto Uptake in a $1 Billion Investment

(Binance) Binance’s crypto unit Binance Smart Chain has launched a $1 billion fund to track digital asset and blockchain technology adoption.

An amount of $500 million will be reserved for investments in decentralized computing, virtual reality, gaming, metaverse, artificial intelligence, and other blockchain-related financial services.

About $300 million will be used for a builder program, while $100 million each will be set aside for talent development and liquidity incentives.

Binance says the new investment initiative seeks to broaden its cross-chain and multi-chain infrastructure, integrated with different blockchains.

Binance Smart Chain boasts of one million daily active users in more than 900 decentralized applications, placing it as one of the leading crypto networks.

BNBUSD is up +3.75%.

Our Experts


Daniel Michelson

Daniel is a long term investor and position trader in the forex market.

Reva Green

Reva Green is the Senior Editor for website. An experienced media professional, Reva has close to a decade of editorial experience with a background.

Shandor Brenner

Shandor Brenner, an experienced writer at fxaudit.com, brings a wealth of knowledge with over 20 years in the investment field.

Leave a Reply

CAPTCHA ImageChange Image