YZi Labs Launches $1B Fund for BNB Chain Development
YZi Labs, previously known as Binance Labs, announced a $1 billion fund to support projects on the BNB Chain. The fund will target initiatives in trading, real-world assets (RWAs), artificial intelligence (AI), decentralized finance (DeFi), and wallets.
- The rebranded venture arm aims to foster democratized access and ownership within the BNB ecosystem.
- The investment focuses on enhancing human potential through AI and improving quality of life via biotech.
- Ella Zhang, Head of YZi Labs, highlighted the commitment to supporting sectors like DeFi, AI, RWA, and DeSci.
Following Changpeng "CZ" Zhao's release from prison, he became more involved in YZi Labs, focusing on Web3, AI, and biotech startups.
Although termed as Zhao's family office, YZi Labs distinguishes itself by not engaging in estate planning or tax structuring.