(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%.
