A new $1 billion fund has been announced by YZi Labs, an investment firm launched by Changpeng Zhao, co-founder of Binance
$14.17B
.
This fund is designed to help entrepreneurs and developers building within the BNB Chain environment, at a time when the BNB
The announcement, published on October 8, highlights YZi Labs’ aim to expand its support for builders working across various focus areas.
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These include decentralized finance (DeFi), tokenized real-world assets, artificial intelligence (AI), and decentralized science. Efforts to strengthen payment tools and wallet solutions on the BNB Chain are also part of the initiative.
Ella Zhang, head of YZi Labs, described the BNB ecosystem as an evolving digital foundation that combines decentralization, scalability, and practical use.
To provide structured support, the Most Valuable Builder (MVB) accelerator program, previously led by BNB Chain, will run under YZi Labs’ Easy Residency. This change is meant to streamline support and offer a single path for those building in the ecosystem.
Through the combined MVB and Easy Residency program, selected projects can receive funding of up to $500,000. Participants will also gain access to mentorship, investor connections, and support from both YZi Labs and the BNB Chain team.
On September 23, Zhao denied a news report suggesting that YZi Labs is preparing to accept money from external brokers. What did he say? Read the full story.
