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Is cryptocurrency a viable funding method?

Startups are turning to cryptocurrency as a way to leverage funding and democratize investment in healthcare. VitaDAO, a decentralized collective funding early-stage startups, has helped launch Matrix Biosciences. It’s a biotech developing treatments for age-related disorders. VitaDAO and companies like Newcastle University have raised significant funds with VitaDAO’s focus on the ‘longevity industry’. However, regulatory risk and widespread scepticism about scams, in addition to the comparatively infancy of decentralized finance, may limit the growth of this funding method.

Source: www.labiotech.eu –

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