Binance Labs changed its name to YZi Labs, and Changpeng Zhao personally mentored entrepreneurs

Original title: "Binance Labs Rebrands to YZi Labs; Ushers in New Leadership and Investment Focus"

Author: YZi Labs

Compiled by: Shenchao TechFlow

Main content summary

• Binance Labs changed its name to YZi Labs to reflect its independence and expanded its investment areas to Web3, artificial intelligence (AI) and biotech (biotech).
• CZ continues to actively participate in investment activities and provide one-on-one guidance and strategic advice to entrepreneurs; at the same time, Ella Zhang returns as the head of YZi Labs to lead the company into the next stage of growth and innovation.

Binance Labs officially announced today that it has changed its name to YZi Labs. As its investment areas expand from cryptocurrency and blockchain to artificial intelligence and biotechnology, while still focusing on promoting Web3 innovation, this name change is in line with the trend and better reflects its independent development positioning.

For many years, YZi Labs has been operating independently while leveraging the influence of the Binance brand. Now, with CZ stepping down from Binance, YZi Labs has chosen to separate from the Binance brand and develop independently, which is an inevitable choice for business development.

Under the new brand, CZ will continue to play an important role in investment activities. He will directly participate in the growth process of entrepreneurs and provide them with one-on-one guidance and strategic advice. This hands-on approach not only reflects YZi Labs' commitment to creating value for the industry, but also provides entrepreneurs with valuable opportunities to grow with industry leaders.

In addition, the return of Ella Zhang further strengthens YZi Labs’ leadership team. Ella co-founded Binance Labs with CZ and served as the first person in charge. Under her leadership, Binance Labs launched its first three batches of incubation programs, successfully supporting more than 40 startups including Polygon, Injective Protocol, CertiK and Dune Analytics. In 2020, Ella left her job to devote herself to entrepreneurship. Now she returns with her rich investment experience and entrepreneur-centered perspective, which will surely bring more innovation and growth momentum to YZi Labs.

In the next year, YZi Labs will focus on investments in the fields of Web3, artificial intelligence and biotechnology, while exploring the innovation possibilities brought about by the integration of these fields. Although the investment scope has expanded, YZi Labs remains focused on supporting projects that can have a long-term impact and drive the next wave of growth in the industry, regardless of how the market changes.

The agency plans to further optimize its incubation program and reintroduce face-to-face experience through a 12-week offline residency program to provide entrepreneurs with an immersive collaborative environment to help them grow and innovate better.

"The name change to YZi Labs is not just a name change, it also represents an upgrade of our vision. We are expanding our investment areas into transformative industries such as AI and biotech," CZ said, "We are very We are excited to welcome Ella back to lead the company into its next phase of growth. She has played a key role in the company's early success, and I am confident that under her leadership, YZi Labs will continue to identify and support those who can make a long-term impact. Entrepreneurs.

Ella Zhang, head of YZi Labs, said: "I am very excited to return to YZi Labs at this critical time and look forward to reconnecting with our entrepreneurs and community. Although the name change opens a new chapter, our mission remains the same Ruyi: Supporting entrepreneurs who are visionary and focused on long-term development. By exploring new areas such as AI and biotechnology, while taking root in Web3, we hope to continuously expand the boundaries of technology and applications and create lasting value for society.”

Additionally, YZi Labs will continue to provide the same level of support to all existing portfolio companies. This name change will not affect existing plans, resources or initiatives, including incubation programs and support for BNB Chain’s “Most Value Creator (MVB)” program. This transformation not only marks an upgrade of the brand, but also demonstrates YZi Labs' firm commitment to its mission.