Yzi Labs, previously Binance Labs, introduced a fund of one billion dollars for BNB chain -based projects.
The investment company, which was called from the risk arm of the exchange of Binance cryptocurrencies last year, points to BNB -based projects in areas such as trade, active world assets (RWA), Artificial Intelligence (AI), Decentralized Finance (Defi) and wallets, according to an announcement of X on Wednesday.
Yzi Labs said it wants the BNB ecosystem to form a “access and democratized property spine, AI to improve human potential and biotechnology to improve the quality of life.”
“Through this BNB Builder Fund of one billion dollars, Yzi Labs undertakes to support BNB builders in sectors such as Defi, AI, RWA, Desci and more, those that build the next generation of open systems that connect technology with human progress,” she said Zhang, director of Yzi Labs.
After the release of prison from the founder of Binance, Changpeng “CZ” Zhao, last year, assumed a more active role in the company’s risk capital arm, renamed Yzi Labs, to aim at new companies on web3, AI and biotechnology.
In fact, reference is often made to Yzi Labs such as the Zhao family office, the name of an investment vehicle that manages the heritage of a single family. The company, however, says that its structure is different from that of a traditional family office, since it is not involved in heritage planning, fiscal structuring, etc.
