INSUBCONTINENT EXCLUSIVE:
Binance Smart Chain launched a $1 billion fundBinance Smart Chain, a unit of crypto exchange Binance, said on Tuesday it had launched a $1
billion fund to help fast-track adoption of digital assets and blockchain technology.A total of $500 million from the fund will be reserved
for investments to help grow decentralized computing, gaming, metaverse, virtual reality, artificial intelligence and blockchain-based
financial services, BSC said.Of the remainder $300 million will be earmarked for a builder program and $100 million each for liquidity
incentives and talent development."With the $1 billion initiative, our focus will be widened to building cross-chain and multi-chain
infrastructures integrated with different types of blockchains," Gwendolyn Regina, investment director of BSC Accelerator Fund said in a
statement.BSC has over one million daily active users spread across more than 900 decentralized applications, making it one of the biggest
