Binance Labs has been renamed YZi Labs, and Changpeng Zhao personally guides entrepreneurs
In the coming year, YZi Labs will focus on investments in the fields of Web3, artificial intelligence, and biotechnology.Original Title: "Binance Labs Rebrands to YZi Labs; Ushers in New Leadership and Investment Focus"
Author: YZi Labs
Compiled by: Deep Tide TechFlow
Main Content Summary
- Binance Labs has rebranded to YZi Labs, reflecting its independence and expanding its investment focus to Web3, artificial intelligence (AI), and biotechnology (biotech).
- CZ continues to actively participate in investment activities, providing one-on-one guidance and strategic advice to entrepreneurs; meanwhile, Ella Zhang returns to lead YZi Labs, guiding the company into the next phase of growth and innovation.
Binance Labs officially announced its rebranding to YZi Labs today. As its investment focus expands from cryptocurrency and blockchain to artificial intelligence and biotechnology, while still concentrating on driving Web3 innovation, this rebranding is a natural progression and better reflects its independent development positioning.
For many years, YZi Labs has operated independently while leveraging the influence of the Binance brand. Now, with CZ stepping down from Binance, YZi Labs' choice to separate from the Binance brand for independent development is an inevitable decision for business growth.
Under the new brand framework, CZ will continue to play an important role in investment activities. He will be directly involved in the growth process of entrepreneurs, providing them with one-on-one guidance and strategic advice. This hands-on approach not only demonstrates YZi Labs' commitment to creating value for the industry but also offers entrepreneurs a valuable opportunity to grow alongside industry leaders.
Additionally, Ella Zhang's return further strengthens the leadership team at YZi Labs. Ella co-founded Binance Labs with CZ and served as its first head. Under her leadership, Binance Labs launched the first three incubation programs, successfully supporting over 40 startups, including Polygon, Injective Protocol, CertiK, and Dune Analytics. In 2020, Ella left to pursue entrepreneurial ventures, and now she returns with rich investment experience and an entrepreneur-centric perspective, which will undoubtedly bring more innovation and growth momentum to YZi Labs.
In the coming year, YZi Labs will focus on investments in Web3, artificial intelligence, and biotechnology, while exploring the innovative possibilities brought about by the convergence of these fields. Despite the expanded investment scope, YZi Labs remains committed to supporting projects that can create long-term impact and drive the next wave of growth in the industry, regardless of market fluctuations.
The organization plans to further optimize its incubation program by reintroducing face-to-face experiences through a 12-week offline residency program, providing entrepreneurs with an immersive collaborative environment to help them grow and innovate better.
"Rebranding to YZi Labs is not just a change of name; it represents an upgrade of our vision. We are expanding our investment focus to transformative industries such as AI and biotechnology (biotech)," CZ stated. "We are very pleased to welcome Ella back to lead the company into the next stage of development. She played a key role in the early success of the company, and I believe that under her leadership, YZi Labs will continue to discover and support entrepreneurs who can bring long-term impact."
Ella Zhang, head of YZi Labs, stated: "I am very excited to return to YZi Labs at this critical moment and look forward to reconnecting with our entrepreneurs and community. While the rebranding opens a new chapter, our mission remains unchanged: to support visionary entrepreneurs who focus on long-term development. By exploring new fields such as AI and biotechnology while being rooted in Web3, we hope to continuously expand the boundaries of technology and applications, creating lasting value for society."
Furthermore, YZi Labs will continue to provide the same level of support to all existing portfolio companies. This rebranding will not affect existing programs, resources, or initiatives, including the incubation program and support for the BNB Chain's "Most Valuable Builder (MVB)" program. This transformation not only marks an upgrade of the brand but also demonstrates YZi Labs' firm commitment to its mission.
