Binance Labs Becomes YZi Labs, Targeting AI and Biotech Startups
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- YZi Labs rebrands from Binance Labs, expanding focus to AI, biotech, and Web3.
- Former CEO CZ continues mentorship role, guiding startups at YZi Labs.
- YZi Labs reintroduces a 12-week residency program to support emerging founders.
YZi Labs has announced in an X post that it has officially rebranded from Binance Labs. The company clarified that stepping away from the Binance brand name was a natural move as it broadens its investment interests beyond crypto asset and blockchain technology to include artificial intelligence (AI) and biotechnology (biotech).
New year, new era, new name.
— CZ
YZiLabs. https://t.co/RZ9Bsg94psBNB (@cz_binance) January 23, 2025
This rebrand comes as YZi Labs aims to operate more independently, moving forward with a wider reach while continuing to support Web3 innovation. Under the rebranding, YZi Labs will no longer be associated with Binance, although the firm will continue to build on its foundation in blockchain and crypto.
However, former Binance CEO Changpeng Zhao (CZ) will continue to play an active role in the incubator, offering mentorship and coaching to startups under the YZi Labs umbrella. His continued involvement…
The post Binance Labs Becomes YZi Labs, Targeting AI and Biotech Startups appeared first on Coin Edition.
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