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- BIO will quickly launch on the Solana blockchain, confirmed founder Paul Kohlhaas.
- As of November, the DeSci challenge has raised a large $33 million.
- BIO Protocol will take part within the JP Morgan Healthcare Convention subsequent month.
BIO Protocol, a Binance Labs-backed decentralized science (DeSci) challenge, is increasing to Solana. Leveraging Solana’s scalability and low charges, this transfer might 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 working on Ethereum with seven “BioDAOs,” BIO Protocol is broadening its attain by increasing to Solana and different blockchains. This launch highlights the rising potential of Solana’s ecosystem in driving innovation in DeSci.
The protocol focuses on researching cryopreservation, girls’s well being, and psychedelics for psychological well being. It plans to develop analysis initiatives to power illnesses and COVID. BIO Protocol’s founder and CEO, Paul Kohlhaas, introduced the Solana launch on X, hinting at potential airdrops to main pharmaceutical corporations.
BIO Protocol can even take part within the JP Morgan Healthcare Convention subsequent month, highlighting the rising convergence of digital property and healthcare.
Is DeSci the Subsequent Bullish Development?
The DeSci sector is at the moment valued at $1.18 billion, with $185.6 million value of tokens traded previously 24 hours. Prime DeSci tokens embrace OriginTrail (TRAC), VitaDAO (VITA), ResearchCoin (RSC), Hippocrat (HPO), and AxonDAO Governance Token (AXGT).
Within the final seven days, VITA surged 61% and RSC skyrocketed 33%, whereas TRAC fell 11.4% and AXGT dropped 5.7%. Different DeSci initiatives additionally noticed declines final week, with Urolithin A ($URO) falling 20.6% and Rifampicin ($RIF) crashing 13.6%. Nevertheless, $RIF shot up 50% previously 24 hours.
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