- BIO will quickly be launched on the Solana blockchain, its founder Paul Kohlhaas confirmed.
- In November, the DeSci challenge raised a colossal sum of $33 million.
- BIO Protocol will attend the JP Morgan Healthcare convention subsequent month.
BIO Protocol, a decentralized science (DeSci) challenge backed by Binance Labs, is increasing to Solana. Leveraging Solana's scalability and low charges, the transfer may revolutionize the DeSci market. With $33 million in funding, BIO Protocol goals to rework how early-stage scientific analysis is funded and commercialized.
Increasing past Ethereum
Presently operating on Ethereum with seven “BioDAOs,” the BIO protocol is increasing its attain by increasing to Solana and different blockchains. This launch highlights the rising potential of the Solana ecosystem to drive innovation in DeSci.
The protocol focuses on analysis into cryopreservation, ladies's well being, and psychedelics for psychological well being. He plans to broaden analysis initiatives to continual ailments and COVID. BIO Protocol founder and CEO Paul Kohlhaas introduced the launch of Solana on X, hinting at attainable airdrops to main pharmaceutical corporations.
BIO Protocol will even take part within the JP Morgan Healthcare convention subsequent month, highlighting the rising convergence of digital property and healthcare.
Is DeSci the Subsequent Uptrend?
The DeSci sector is at the moment valued at $1.18 billion, with $185.6 million value of tokens traded within the final 24 hours. Prime DeSci tokens embrace OriginTrail (TRAC), VitaDAO (VITA), ResearchCoin (RSC), Hippocrat (HPO), and AxonDAO Governance Token (AXGT).
Over the previous seven days, VITA has surged 61% and RSC 33%, whereas TRAC has fallen 11.4% and AXGT 5.7%. Different DeSci initiatives additionally noticed declines final week, with Urolithin A ($URO) falling 20.6% and Rifampicin ($RIF) collapsing 13.6%. Nonetheless, $RIF is up 50% within the final 24 hours.
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