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Home Cryptocurrency Altcoins

rewrite this title Binance Labs Becomes YZi Labs, Expanding to AI and Biotech

Editor-In-Chief, BitDegree by Editor-In-Chief, BitDegree
January 23, 2025
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rewrite this content using a minimum of 1000 words and keep HTML tags

Binance

$16.52B

Labs has officially rebranded as YZi Labs, considering its focus on artificial intelligence (AI) and biotechnology alongside blockchain technology.

Former Binance CEO, Changpeng Zhao (CZ), will remain actively involved, mentoring and guiding startup founders supported by YZi Labs.

While YZi Labs explores opportunities in AI and biotech, it remains committed to supporting Web3 innovation and projects with long-term potential.

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“Rebranding to YZi Labs is more than a name change—it reflects our ambition to explore new fields like AI and biotech while staying rooted in Web3,” said CZ.

Ella Zhang, a co-founder of Binance Labs, is returning to lead the newly branded initiative. During her earlier tenure, she supported over 40 startups, including Polygon


MATIC

$0.4379

and Injective


INJ

$21.17

, through its incubation programs. Zhang stated:

I’m excited to rejoin YZi Labs at this pivotal moment and reconnect with our founders and community. <…> Our mission remains unchanged: to empower visionary founders who are building for the long term with strong execution.

YZi Labs will relaunch its 12-week in-person residency program as part of the rebranding. This initiative aims to provide a collaborative environment for project founders to refine and develop their ideas in emerging industries like AI and biotechnology.

Meanwhile, Ethereum


ETH

$3,266.41

recently introduced Etherealize, a new startup led by Vivek Raman, a Wall Street veteran. What is the company’s goal? Read the full story.

Aaron S. Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



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Tags: binanceBiotechExpandingLabsrewritetitleYZi
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