Binance Industry Recovery Initiative (IRI) is a program set aside by the largest centralized crypto exchange by trading volume to help support web3 project and other crypto unforeseen cases that may arise in future.

Currently over billion dollars have been set aside on a public address with more funds that will be set aside for this new initiative.

This looks very promising for crypto space, as other investment companies have shown interest and are joining force to keep the space even more strong.