NAIROBI (CoinChapter.com) — Binance Labs, the investment arm of Binance, has announced a strategic rebranding to YZi Labs, marking a new chapter in its evolution. The rebrand reflects the organization’s decision to expand beyond its traditional focus on blockchain and cryptocurrency into artificial intelligence (AI) and biotechnology (biotech) sectors.
Departure from Binance Branding
In an X post, YZi Labs explained that the rebrand aligns with its independence from Binance. The shift follows Changpeng “CZ” Zhao’s departure as Binance CEO. While Zhao remains deeply involved with YZi Labs, the firm deemed it natural to step away from the Binance name as it diversifies its focus.
Binance Labs Rebrands to YZi Labs. Source: XYZi Labs reiterated its commitment to advancing Web3 innovation, with plans to integrate AI and biotech into its portfolio. The company will also refine its incubation program, introducing a 12-week in-person residency to foster collaboration and innovation.
CZ and Ella Zhang to Lead the Next Phase
The rebrand sees CZ Zhao adopting a hands-on role, directly mentoring and engaging with founders. His leadership will remain pivotal as YZi Labs navigates its broader investment horizons. In addition, Ella Zhang, who co-founded Binance Labs with CZ in 2018, returns as the head of YZi Labs. Zhang previously spearheaded Binance Labs’ incubation program, supporting over 40 startups, including notable projects like Polygon, Injective Protocol, and CertiK.
Under Zhang’s leadership, YZi Labs aims to leverage its past successes to foster growth across its expanded sectors. She emphasized a long-term approach, noting the firm’s intent to invest in transformative technologies capable of driving societal impact.
Focus on Long-Term Impact
YZi Labs revealed plans to invest in all stages of company development, from early-stage startups to growth-stage ventures. The firm highlighted its focus on backing projects with strong fundamentals, regardless of market conditions. Its new strategy also explores intersections between Web3, AI, and biotech, aiming to unlock novel innovations across these domains.
Deadline Extended: Apply for MVB Season 9 Now. Source: BNB ChainWith a portfolio of over 250 projects across six continents, YZi Labs confirmed its continued support for initiatives like the BNB Chain’s Most Valuable Builder (MVB) program. Applications for MVB Season 9 have been extended to Jan. 26, offering Web3 founders more time to access mentorship and funding opportunities.
The transition to YZi Labs signifies not just a rebrand but an expanded vision. As CZ Zhao noted, “Rebranding to YZi Labs is more than a name change—it signifies an expanded vision as we broaden our horizons to include transformative sectors like AI and biotech.”
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