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YZi Labs, the rebranded version of Binance Labs, the investment arm of the world's largest cryptocurrency exchange Binance, announced its new investment move.
Accordingly, YZi Labs announced a $1 billion Builder Fund to invest in founders in the $BNB ecosystem, specifically $BNB Chain. This move aims to grow the $BNB ecosystem and accelerate Web3 innovation.
The fund will support $BNB-based innovation through capital, tools, integrations, and its 460 million-user ecosystem, focusing on areas such as DeFi, artificial intelligence, RWA, DeSci, payments, and wallets.
With this fund specifically designed for entrepreneurs in the $BNB ecosystem, YZi Labs aims to support projects working in areas such as DeFi, AI, RWA, DeSci, payments and wallets.
This fund will provide startups with up to $500,000 in investment and direct access to the YZi Labs and $BNB Chain core team. It will also provide startups with access to YZi Labs' global network of over 460 million users.
This announcement coincides with a new era where $BNB reached new record highs above $1,330 on October 7th and $BNB Chain reached a sales figure of 26 million.
Ella Zhang, President of YZi Labs, said the following about the $1 billion fund:
The $BNB Ecosystem represents the next phase of digital infrastructure, where decentralization, on-chain scalability, and true distribution meet security. A vibrant network with global reach and on-chain depth, it provides developers with the foundation to build products with real utility and longevity. Through this $1 billion $BNB Creator Fund, YZi Labs is committed to supporting $BNB creators across DeFi, AI, RWA, DeSci, and more, as these organizations build the next generation of open systems that connect technology back to human development.
YZi Labs, which manages $10 billion in assets, has invested in over 300 projects from over 25 countries across six continents. Its portfolio includes prominent projects in the $BNB ecosystem, such as PancakeSwap, ListaDAO, Aster, and Aspecta.
*This is not investment advice.