(Bloomberg) --Binance, the largest cryptocurrency exchange, has launched a US$1 billion growth fund in support of the Binance Smart Chain blockchain, with the goal of helping to accelerate adoption of digital assets and blockchain technology.

About half of the funds will be directed toward investments in areas such as gaming, virtual reality and blockchain-based financial services, according to a statement from Binance. Of the remainder, about US$300 million will go to a builder program and US$100 million each will be steered toward liquidity incentives and talent development.

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. 

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