The world's largest crypto exchange will launch a $ 1 billion Venture Capital Fund for the Binance blockbain project. According to Ela Jhang, head of the Hong Kong-based news channel,
This week, an online auditorium fund has announced that it will invest directly in the beginning and invest in other Blockchain funds.
Binance will have to invest using its BNB token.
Currently there are about $ 1.6 billion market cap in the market.
And it will serve as the main currency of the farm's planned public block.
The first project to collect fund directly from the new initiative is a new Blockchain created by Vixing Chen
Later, the company, 60 billion dollars, was merged with Didi Chuising.
News Source: https://www.ccn.com/crypto-exchange-binance-launching-1-billion-venture-capital-fund-local-reports/