Binance Labs is now officially YZi Labs. The company has also expanded the scope of its investments to include AI and biotechnology.
YZi Labs aims at fostering groundbreaking projects across Web3, AI and Biotech, while identifying synergies between these industries. The company hopes to foster meaningful innovation through the support of ventures that have solid fundamentals, and potential for long-term success.
Ella Zhang will lead YZi Labs. She is the co-founder and former CEO of Binance Labs. Binance Labs was founded under Ella Zhang’s previous leadership. She launched the incubation program, which nurtured more than 40 projects such as Polygon, Injective protocol, and Dune Analytics.
Zhang affirmed that while the rebrand signals growth, the company’s core mission of supporting transformative technology remains unchanged. She said:
“By venturing into new horizons in AI and biotech, while staying rooted in our Web3 foundations, we aim to push the boundaries of innovation and create lasting value for society.”
YZi Labs is rebranding its initiatives in incubation by introducing a residency program of 12 weeks. The 12-week residency program will foster creativity and innovation by providing a collaborative atmosphere for entrepreneurs.
Meanwhile, existing projects in the company’s portfolio will continue to receive the same level of support, ensuring a seamless transition.
CZ’s role
Changpeng ‘CZ’ Zhao, renowned for his former leadership at Binance, will take on a more hands-on role at YZi Labs. He will mentor directly founders, helping to refine their strategies and open up new opportunities.
Zhao said:
“Rebranding to YZi Labs is more than a name change — it signifies an expanded vision as we broaden our horizons to include transformative sectors like AI and biotech.”
The development follows CZ’s departure as Binance CEO in November 2023 after a legal settlement in the US that resulted in a four-month sentence that was concluded in September 2024.
CZ now focuses on investing in AI, blockchain and educational initiatives, including Giggle Academy.
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