Binance launched a $1 billion fund to develop the Binance Smart Chain ecosystem
The Binance blog states that the fund will be divided into four categories. The first category is aimed at developing talent, and $100 million will be set aside for it. It includes educating newcomers taking their first steps in the cryptocurrency world, interacting with universities, providing training, and supporting research and development in blockchain, cryptography and multilateral computing (MPC). Binance said it intends to “nurture” a generation of cryptocurrency professionals who will accelerate the widespread adoption of blockchain.