WazirX parent to invest $1 billion to grow adoption of Binance Smart Chain globally

Chinese cryptocurrency exchange Binance has announced a $1 billion accelerator fund, which is meant to expand adoption for the Binance Smart Chain.

While half of the billion-dollar fund is being reserved for investment and incubation, Binance said it would invest $100 million in talent development, $100 million in a liquidity incentive program, and the last $300 million into a builder investment program.

The billion-dollar fund is an addition to the $100 million BSC Accelerator fund Binance had started when the chain was launched last year.