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Binance Founder’s $10M Surprise Donation to Vitalik’s Biotech Fund Revealed
In a stunning move, Binance founder Changpeng “CZ” Zhao has secretly donated $10 million worth of Binance Coin (BNB) to Ethereum co-founder Vitalik Buterin’s biotech fund, Kanro. The unexpected gift highlights the cryptocurrency industry’s shift towards philanthropy and decentralized science.
The donation, which took place months ago, was quietly made by CZ, with the funds being transferred to Vitalik’s biotech initiative. This generous act underscores the growing trend of crypto as a catalyst for social good.
This substantial contribution is expected to accelerate Vitalik’s Kanro fund, which aims to support decentralized laboratory projects focused on patient outcomes and transparency. The initiative targets modular protocols and privacy-preserving health data tools.
In addition to this surprise donation, CZ’s philanthropic efforts demonstrate his commitment to supporting causes beyond market speculation. His past charitable initiatives include contributions towards earthquake relief and assistance for scam victims.
Meanwhile, Vitalik has also made significant charitable contributions, amounting to millions of dollars, dedicated to pandemic research, AI ethics, and wildlife conservation. The combined effort shows a marked shift in the cryptocurrency space, with “smart money” now prioritizing long-term impact and social responsibility.
The implications of this development are far-reaching. This $10 million donation spotlights the potential for crypto philanthropy to surpass the $1 billion mark by 2024, as investors increasingly seek to make a positive difference through their investments.
While CZ’s generous act may seem sudden, it is part of a larger narrative where blockchain technology is being used to promote open-source science and decentralized biotechnology.
Source: crypto-economy.com
