YZi Labs launches $1 billion fund for BNB Chain ecosystem

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Summary

YZi Labs said it launched a $1 billion fund to support BNB Chain ecosystem projects.
The fund said it will invest in various areas including decentralized finance (DeFi), real-world assets (RWA), artificial intelligence (AI), and digital wallets.
YZi Labs said it aims to grow BNB Chain into a central pillar of open technology infrastructure through this fund.

Investment firm YZi Labs, spun off from Binance Labs, has launched a new $1 billion fund to support projects built on the Binance Coin (BNB) Chain.

According to CoinDesk on the 8th (local time), YZi Labs announced the launch of a new fund that will invest in a variety of BNB ecosystem projects, including decentralized finance (DeFi), real-world assets (RWA), artificial intelligence (AI), and digital wallets. The fund, named the "BNB Builder Fund," aims to grow the BNB Chain into a central pillar of open technology infrastructure. Its size is about $1 billion.

Ella Zhang, CEO of YZi Labs, said, "Through the BNB Builder Fund, we will fully support builders leading innovation in areas such as AI, real-world assets, and decentralized science (DeSci)," adding, "We will build an open system together where technology leads to human progress."

YZi Labs is a newly formed entity that launched last year when Binance's venture investment arm became independent, and Binance founder Changpeng "CZ" Zhao has been directly involved in management since his release last year, expanding investment areas into Web3, AI, and biotech.

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