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The $10 billion venture capital arm of crypto titan Binance will now be operating under a new name and brand.<\/span><\/p>\n In a statement, the world\u2019s biggest crypto exchange <\/span>says<\/span><\/a> Binance Labs has rebranded as YZi Labs, a venture capital firm with a broader focus on Web3, artificial intelligence and biotechnology.<\/span><\/p>\n The move aims to give the firm independence and a distinct identity separate from its parent company.<\/p>\n \u201cBinance Labs has officially rebranded to YZi Labs, stepping away from the Binance brand to reflect its independent growth and expanded investment focus.\u201d<\/span><\/i><\/p>\n The rebranding also represents the decision to expand the firm\u2019s investment focus beyond crypto and blockchain.<\/span><\/p>\n \u201cWhile continuing its dedication to advancing Web3 technologies, YZi Labs will now also explore opportunities in artificial intelligence (AI) and biotechnology, underscoring its commitment to fostering innovation across multiple industries.\u201d<\/span><\/i><\/p>\n Despite the changes, YZi Lab assures its existing portfolio companies that they will continue to receive the same level of support.<\/span><\/p>\n Binance founder Changpeng \u201cCZ\u201d Zhao, who is prohibited from returning to Binance leadership following his four-month sentence for violating U.S. anti-money-laundering laws, will have an active advisory role in YZi Labs. He will mentor project founders and guide the firm\u2019s investment strategy.\u00a0<\/span><\/p>\n Former head of Binance Labs Ella Zhang also returns to lead YZi Labs.\u00a0<\/span><\/p>\n Says Zhang,<\/span><\/p>\n \u201cOur mission remains the same: to empower visionary entrepreneurs and push technological boundaries across multiple sectors.\u201d<\/span><\/i><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" The $10 billion venture capital arm of crypto titan Binance will now be operating under a new name and brand. In a statement, the world\u2019s biggest crypto exchange says Binance Labs has rebranded as YZi Labs, a venture capital firm with a broader focus on Web3, artificial intelligence and biotechnology. The move aims to give […]<\/p>\n","protected":false},"author":2,"featured_media":171131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-361275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/361275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=361275"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/361275\/revisions"}],"predecessor-version":[{"id":361280,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/361275\/revisions\/361280"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/171131"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=361275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=361275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=361275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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