Binance, the world’s leading blockchain ecosystem and cryptocurrency platform, has launched a $1 billion Growth Fund for Binance Smart Chain, to accelerate adoption of digital assets and blockchain technology.
In the span of next few months multiple programs will be set-up under its umbrella to empower the growth of cryptocurrencies worldwide. Designed to incubate rising blockchain-crypto projects the fund will also run advanced technological development programs.
“BSC’s growth has attracted 100M+ DeFi users with just an initial funding of $100 million.” said Changpeng Zhao (CZ), CEO at Binance. “With the new contribution of $1B, it can disrupt traditional finance and accelerate global mass adoption of digital assets to become the first-ever blockchain ecosystem with one billion users,” he added.
The $1 billion fund will be divided into 4 broader categories:-
- Talent Development – Innovation
A total of $100M funds are reserved for Talent Development which includes mentoring developer…