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Binance Holdings gave its investment subsidiary, Binance Labs, a new name, YZi Lab, when Changpeng Zhao, the leader and founder, turned the company into a family office and remained in power. With this change, YZi Labs is moving forward with two main goals: expanding its investment portfolio to look more toward companies that help society and the environment.

CZ Zhao will oversee the new YZi Labs brand through the merger with his co-founder Ella Zhang’s company. After helping create Binance Labs In 2018, Ella Zhang developed five important cryptocurrency networks: Polygon, Injective, Dune Analytics, Certik, and SafePal.

the advertisement YZi Labs wants to move beyond its traditional focus on cryptocurrency and blockchain technology, with the aim of supporting growing fields such as artificial intelligence, web3 technologies and biotechnology, YZi Labs explained. Zhao, who resigned as CEO of Binance last year, wants to focus his new investments more on the positive impacts they bring rather than generating big profits.

CZ returns to lead the new YZi Labs mission

After a difficult time, Czechoslovakia returned to work in this field. After his agreement with US authorities in late 2023, Czechoslovakia spent four months in prison California prison It was released on September 27, 2024. Immediately after his release from prison, Zhao announced on X that he wanted to spend time managing projects that build a better world and make Giggle Academy a reality.

These new goals prompted YZi Labs to update its incubation program. The company wants to bring back its Founder Residency Program and offer personal mentoring and support for their work.

YZi Labs will continue to develop and enhance the 250 projects it supports as part of the transformation. CZ still plays a major leadership role in cryptocurrency and technology companies, no matter how much Binance separates itself from its investment subsidiary.

When Zhao went to prison, Binance Holdings began planning an exit from its venture capital unit. YZi Labs emerged from Binance LabsHe changed the brand because it better fit Chow’s vision for himself and his future business.

YZi Labs’ reforms match those of many venture capital firms, moving their investment money into different types of businesses. As YZi Labs increases its investments in AI, biotechnology and Web3 development, the company wants to establish itself as a leader in creating new technologies across these areas.

The way YZi Labs is adjusting its plans to enter new markets shows CZ’s enduring power in shaping what his company does and where it goes The rules of crypto and financial markets are changing It moves.