YZi Labs, founded by Binance co-founder CZ, launches a $1 billion fund for BNB ecosystem founders as BNB hits all-time highs. The fund focuses on BNB Chain projects and aims to support builders in DeFi, RWA, AI, and decentralized science sectors, offering up to $500,000 in funding.
YZi Labs, formerly Binance Labs, has backed various BNB ecosystem projects, including PancakeSwap, ListaDAO, and Aspecta. The fund will also support BNB Chain-based payments and wallets. YZi Labs aims to advance institutional BNB participation through projects like BNB Digital Asset Treasury and the BNB Yield Fund.
YZi Labs, with over $10 billion in assets, reportedly manages assets for Binance co-founders CZ and Yi He. While the firm denied being a family office, it focuses on progressive investments and incubation programs. Amid BNB’s surge, CZ’s personal wealth from BNB exposure could be around $116 billion, with BNB traders profiting.
CZ and YZi Labs benefit as BNB hits historic highs, with CZ’s personal wealth potentially reaching billions. The fund seeks to support BNB builders across various sectors and offers funding and access to YZi Labs’ network. BNB Chain traders are profiting, with some earning up to $1 million each.
Read more at Cointelegraph.com
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