YZi Labs Introduces $1B Fund for BNB Chain Projects

YZi Labs, formerly Binance Labs, introduced a $1 billion fund for projects building on the BNB Chain. The investment company, which was rebranded from the venture arm of crypto exchange Binance last year, is targeting BNB-based projects in areas such as trading, real-world assets (RWAs), artificial intelligence (AI), decentralized finance (DeFi) and wallets, according to an announcement on X on Wednesday. YZI Labs said it wants the BNB ecosystem to form a backbone of "democratized access and ownership, A ...