Photo: finance.yahoo.com
CZ Family Office Kickstarts $1 Billion Builder Fund on BNB
YZi Labs, the venture office of Binance co-founder Changpeng Zhao, has launched a $1 billion fund to foster long-term builders in the BNB ecosystem, emphasizing innovation in blockchain.
- Announced on Wednesday, YZi Labs is creating a $1 billion Builder Fund focused on enhancing the BNB ecosystem and supporting long-term projects on BNB Chain.
- The fund targets projects in various sectors including artificial intelligence and decentralized finance, promoting innovation and growth within the blockchain space.
- Formerly known as Binance Labs, YZi Labs aims to strengthen the BNB ecosystem, which is crucial for Binance's broader strategy in the evolving landscape of decentralization.
Why It Matters
This initiative signifies Binance's commitment to nurturing innovation within the blockchain realm, particularly in decentralized finance and AI, reflecting the growing importance of these technologies in the modern economy.