Binance Labs changes its name to YZi Labs and transforms into a family office to manage CZ and He Yi's assets

Transitioning from venture capital to family office

Binance Labs announced today that it has officially changed its name to YZi Labs, symbolizing a shift in the institution's investment strategy. According to Bloomberg, the institution will independently manage the assets of Binance founders Zhao Changpeng (CZ) and He Yi, transitioning from venture capital to operating as a "family office".

According to the official press release, in addition to continuing to promote Web3 innovation, YZi Labs will also expand into the fields of artificial intelligence (AI) and biotechnology, exploring the potential of these cutting-edge areas.

Brand reshaping is a natural continuation of business development. For many years, Binance Labs has operated independently despite leveraging the Binance brand influence. Now, with Zhao Changpeng stepping down from Binance, YZi Labs is also adjusting its brand and developing independently.

CZ continues to participate, Ella Zhang returns to leadership

Despite parting ways with Binance, CZ We will continue to actively participate in YZi Labs' investment decisions, communicate directly with entrepreneurs, provide guidance and support, and emphasize that the institution is still committed to discovering and supporting projects with long-term potential.

At the same time, YZi Labs has undergone a significant personnel change - Ella Zhang has returned as the head. She co founded Binance Labs with CZ in 2018 and led the first three incubation programs, successfully supporting over 40 startups including Polygon, Injective Protocol, CertiK, Dune Analytics, Kava, SafePal, Elrond, Nym, and more. In 2020, she left Binance Labs to start a business and now returns to YZi Labs, where she will lead the institution into a new phase with her rich investment experience. CZ represents:

Renaming to YZi Labs is not just a name change, but also a symbol of our expanding vision and entry into transformative industries such as AI and biotechnology. We are delighted to see Ella return to the leadership team, as her expertise and vision are crucial to the early success of the organization. I believe that under her leadership, YZi Labs will continue to discover and support entrepreneurs who can have a long-term impact

Investment focus and incubation plan adjustment

YZi Labs will focus on Web3 in the future AI、 The interdisciplinary fields of biotechnology, such as the application of AI in memory blockchain and on chain management of biological data, promote the integration and innovation of these cutting-edge technologies. In addition, the institution will continue to focus on long-term value and will not be affected by short-term market fluctuations in its investment strategy.

In terms of incubation plans, YZi Labs We plan to readjust our strategy and resume the 12 week physical incubation camp to create a more immersive entrepreneurial environment and help founders grow. Ella Zhang stated:

Although this brand redesign marks a new chapter, our mission remains unchanged - to support visionary and highly executed founders. We will explore the potential of AI and biotechnology, while rooting ourselves in Web3 and pushing the boundaries of innovation

Brand renaming does not affect existing investment and support

YZi Labs It is emphasized that all existing investment and incubation plans will remain unchanged, including support for the BNB Chain's Most Valuable Builder (MVB) program.

YZi Labs At present, more than 250 projects have been invested in, covering 25 countries, among which 65 start-up companies have participated in its incubation program. In the future, the organization will further support Web3 AI、 Innovation in fields such as biotechnology helps drive industry development.