According to news from the Binance Blog, Binance Labs announced an investment in the DeSci project BIO Protocol, which is a decentralized protocol that leverages blockchain technology to innovate the financing and commercialization of early scientific research. BIO Protocol aims to utilize Decentralized Autonomous Organizations (BioDAOs) to allow global scientists, patients, and investors to collaboratively fund, develop, and co-own new drugs and therapies. The protocol particularly focuses on areas such as rare diseases, longevity research, and emerging health challenges, providing a new solution to traditional scientific research financing models.