Binance Labs has been renamed to Yzi Labs

BlockBeats News, January 23rd, Binance Labs announced a rebranding to YZi Labs. With the expansion of investment focus from cryptocurrency and blockchain to areas including Artificial Intelligence (AI) and Biotechnology, while still firmly committed to driving Web3 innovation, dropping the Binance brand name is appropriate.

Over the years, despite leveraging the Binance brand name, the institution has actually been operating independently. Today, as CZ steps down from Binance, YZi Labs naturally enters a new stage. Following this rebranding, CZ will continue to play a key role in investment activities, engaging directly with entrepreneurs to provide guidance and mentorship.

To further strengthen the leadership team of YZi Labs, Ella Zhang has returned to YZi Labs as the head. Ella, who co-founded Binance Labs with CZ in 2018, served as the inaugural head.

Over the next year, YZi Labs will focus on investing in the Web3, Artificial Intelligence, and Biotechnology sectors while exploring innovation at the intersection of these areas. Despite expanding its investment focus, YZi Labs remains highly attentive to infrastructure, supporting projects with the potential for long-term impact and driving the next wave of industry growth, regardless of market cycles or changing trends.