Binance YZi Labs

Binance Labs Rebrands as YZi Labs

Binance Labs is opening its investment-focused expansion to the fields of artificial intelligence (AI) and biotechnology. In line with this, the company decided to expand and updated its name to YZi Labs. YZi Labs also announced that it has appointed CZ, one of the founders of Binance, to a leadership position in the new period. Here are the details about the rebranding process and plans for the new period...

Binance Labs Becomes YZi Labs

Binance Labs announced its name change to the world on the social media platform X. The company announced in a statement that it has changed its name to YZi Labs. It also stated that leaving the Binance brand is in line with its expansion strategy focused on investment. YZi Labs is no longer only in the crypto and blockchain fields. It also operates in sectors such as artificial intelligence and biotechnology.

YZi Labs shared that it will focus on investments in the fields of Web3, artificial intelligence and biotechnology for this year. It also announced that it aims to explore innovations at the intersection of these fields. The company says it will continue its mission to support projects with long-term impact. However, it emphasized that it will support innovations that will drive growth in the industry, regardless of market cycles or trends. Changpeng Zhao also shared his thoughts on the rebranding in a short message on X:

“A new year, a new era, a new name.”

This rebranding is considered part of YZi Labs’ innovation-driven growth goal by expanding into different sectors. The company plans to lead the new wave of the industry by supporting significant projects, especially at the intersection of blockchain, artificial intelligence, and biotechnology.

Binance YZi Labs

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