Binance Labs, the venture capital and strategic initiative arm of Binance, has made a significant investment in Babylon, a pioneering Bitcoin staking protocol. Babylon, a project initiated by Stanford Professor David Tse and Dr. Fisher Yu in 2022, aims to revolutionize the integration of Bitcoin with Proof-of-Stake (PoS) blockchains. This investment underscores Binance Labs’ dedication to fostering cutting-edge projects that extend Bitcoin’s utility and narrative within the blockchain ecosystem.
Binance Backs Babylon to Unlock Bitcoin Staking on PoS Chains
coingape.com
27 February 2024 18:50, UTC