Binance and Wazirx Will Fuel Blockchain Growth in India With $50m USD in Grants
Binance and WazirX, a subsidiary the world-renown exchange acquired last year will create a $50M USD fund called “Blockchain for India” according to the announcement on Binance’s website. The fund is backed by BNB, BUSD, and WRX digital assets which will be used to make investments in blockchain projects and startups that are trying to solve technical and social issues with blockchain.
“We started WazirX with the aim to involve everyone in this technology revolution, and the Blockchain for India fund marks a big step in this direction. The first is to attract blockchain projects and startups to reach out and apply to the fund, asking any interested projects to send an email to email protected with their project information and business presentation.