Binance Launches $1 Billion Fund to Accelerate Blockchain Tech Adoption

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Blockchain technology is becoming increasingly popular and thanks to a $1 billion growth fund being launched by the world’s largest crypto exchange, it’s about to get a lot bigger. Binance just announced the launch of a billion-dollar fund in support of the Binance Smart Chain blockchain to accelerate the adoption of digital assets and blockchain technology. At the same time, the total locked value in DeFi surpassed $200 billion, marking an impressive 855% increase since January 1, 2021, and revealing the market’s growing appetite for blockchain, crypto, and decentralized finance (DeFi).

As the popularity of blockchain increases, innovative companies like WonderFi Technologies Inc. (NEO:WNDR) (OTCPK:WONDF), Bitfarms (NASDAQ:BITF) (TSXV:BITF), Bit Digital (NASDAQ:BTBT), Mobilum Technologies Inc. (CSE:MBLM) (OTCPK:MBLMF) and DMG Blockchain (TSX-V:DMGI) (OTCQB:DMGGF) are taking steps to position themselves as market leaders in the expanding blockchain and crypto space.