Binance Labs changes its name to YZI Labs, and first head Ella Zhang returns

PANews reported on January 23 that Binance Labs announced that it would change its name to YZi Labs to reflect its independence and expand its investment focus to Web3, artificial intelligence (AI) and biotechnology (biotech). The name change marks the institution’s independence from the Binance brand and adapts to the wider technology landscape. Changpeng Zhao (CZ) will still actively participate in investment activities and provide guidance and support to entrepreneurs. At the same time, Ella Zhang, the original head of Binance Labs, returns as the head of YZi Labs to promote the next stage of innovation and growth.

YZi Labs will focus on supporting long-term impactful projects and exploring the intersection of Web3 with AI and biotechnology. It is planned to re-optimize the incubation project and introduce a 12-week offline residency event to create an immersive cooperation environment for entrepreneurs. YZi Labs currently manages a portfolio of more than 250 projects in 25 countries around the world, and more than 65 companies have participated in its incubation programs.