cryptocurrency widget, price, heatmap
arrow
Burger icon
cryptocurrency widget, price, heatmap
News/Binance Labs Rebrands to YZi Labs, Broadens Focus to AI and Biotech

Binance Labs Rebrands to YZi Labs, Broadens Focus to AI and Biotech

Van Thanh Le

Jan 23 2025

3 weeks ago2 minutes read
Robot reaching toward DNA helix on futuristic biotech grid

Leadership Overhaul and New Investment Frontiers

Binance Labs has unveiled its transformation into YZi Labs, marking a significant pivot in its investment strategy. The rebrand comes as the firm seeks to diversify its focus beyond cryptocurrency and blockchain to include artificial intelligence (AI) and biotechnology. This strategic shift was announced in an X post, where the company emphasized the necessity of stepping away from the Binance brand as part of its evolution.

The leadership team will see the continued involvement of Binance co-founder and former CEO Changpeng “CZ” Zhao, who will play a hands-on role in guiding investment decisions. CZ's ongoing commitment to mentoring founders and engaging directly with projects underscores his influence in shaping the firm’s direction. YZi Labs also announced the return of Ella Zhang as Head of the firm. Zhang, who originally launched Binance Labs in 2018 with CZ, led its first three Incubation Program batches, supporting over 40 startups, including industry names like Polygon, CertiK, and Dune Analytics.

The firm’s decision to rebrand aligns with CZ’s departure from the Binance exchange and reflects its desire to establish an independent identity while retaining its commitment to Web3 innovation. YZi Labs reaffirmed its dedication to investing in projects with long-term potential, focusing on fundamentals rather than market trends. The company also outlined plans to explore the intersection of Web3, AI, and biotech, signaling a bold move into uncharted territory.

Looking ahead, YZi Labs aims to drive innovation across emerging sectors, with an emphasis on backing transformative projects that could define the next growth wave in technology and digital ecosystems. While CZ has stepped away from his role at Binance, his influence within the crypto sphere remains strong. In a simple yet symbolic X post, CZ reflected on the transition, stating, “New year, new era, new name.”

cz tweet.png

This article has been refined and enhanced by ChatGPT.

cryptocurrency widget, price, heatmap
v 5.8.21
© 2017 - 2025 COIN360.com. All Rights Reserved.