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š¢ Binance Labs venture fund has been rebranded as YZi Labs! š The former investment arm of the largest crypto exchange will now focus on developing Web3, artificial intelligence, and biotechnology. šš§¬ Changpeng Zhao, the former head of Binance, will play an active role in potential investments and mentorship activities. āØ
Ella Zhang, returning from her previous role, will lead the new fund, now positioned as a family investment project. š° YZi Labs has an ambitious investment strategy that spans three main areas ā Web3, AI, and biotechnology. š
The rebranding came after Binance Labs separated from its parent company in March 2024 to become independent. š Interestingly, Zhao's fortune is estimated at $69.8 billion, placing him 22nd on Bloomberg's billionaire list. š 0 reply
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