Former CEO of Binance Changpeng Zhao (CZ) donated $10 million in BNB to Ethereum co-founder Vitalik Buterin a few months ago for 'open-source biotechnology efforts'.
Buterin publicly supports vaccine development, research in longevity and anti-aging, as well as biotech initiatives for universal virus detection.
CZ did not provide specific project names. He made donations in addition to the investments from his family office YZi Labs.
"Thank you for your support in the fight to keep humanity healthy and safe from airborne diseases," commented the co-founder of Ethereum.
The former CEO of Binance reported the investments in response to a lengthy post by the general partner of the fund, Jane He, in which she shared CZ's philosophy.
"Since Zhao and I began working together on our family office's investments in biotechnology and healthcare, I have come to realize how deeply his conviction runs. For him, this is not a chase for the next sensation. It is a challenge to a system that too often puts profit over people. He has watched as a handful of giants shape the entire industry, dictating not only the pace of innovation but also who gets access to healthcare and who gets left behind. For him, investing in biotechnology is an act of defiance, a way to open doors for dreamers, outsiders, those with ideas that could change everything, if only they were given the chance," she wrote.
CZ has also made several other private donations to charitable initiatives.
Recall that in January, the venture firm YZi Labs led a $16 million investment round for the infrastructure project Sign.
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