Binance Smart Chain itself has a global community of developers and investors, and it was started by the Binance Chain community. Binance supports the blockchain through investments.
“With the US$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 the BSC Accelerator Fund, said in the statement.
Binance has been a target of regulators in numerous countries including the U.S., South Africa and Singapore in recent months as the crypto ecosystem reached a size that attracted interest from officials, though Binance Chief Executive Officer Changpeng “CZ” Zhao has said it’s pivoting to a focus on compliance and regulation to address those concerns.
Photo credit: Bloomberg
