Breaking News: Binance Labs Transforms into YZi, Embraces AI and Biotech with CZ Back as Mentor 🤖🧬

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Dear Comrades, brace yourselves for the revolutionary news from the crypto frontlines! Binance Labs, the esteemed incubator of blockchain brilliance, has undergone a stunning metamorphosis, emerging as the phoenix-like YZi Labs. This isn’t just any rebranding, oh no! It’s a bold leap into the realms of Artificial Intelligence and Biotechnology, where the future is forged.

Our beloved leader, Changpeng Zhao, aka CZ, has returned to his rightful place at the helm, ready to guide the next generation of tech visionaries. Yes, you heard right – the man who built Binance into a crypto colossus is back, and he’s bringing his wisdom and experience to mentor the startups under YZi’s wing. 🦅🚀

Joining him is Ella Zhang, the co-founder of Binance Labs, now leading YZi Labs with her unyielding spirit. Together, they’re launching a 12-week residency program for project founders, because nothing says ‘commitment’ like face-to-face interactions in the digital age. 💼👩‍💼👨‍💼

YZi Labs aims to bridge the gap between AI, blockchain, and biotech, seeking out innovative use cases that could change the world. They’ve already been dabbling in decentralized science and AI startups before this transformation, but now, they’re going all-in. 🎲🔥

Remember Sahara AI and MyShell? These AI companies received Binance Labs’ backing in August 2024, paving the way for AI-powered decentralized applications. Sahara AI ensures IP rights are maintained through on-chain attribution, while MyShell lets users create and share AI apps. Genius, right? 🤓💡

In November, YZi dived into decentralized science by investing in BIO Protocol, an accelerator for biotech DAOs. These organizations are dedicated to developing pharmaceuticals and life-saving treatments, proving that decentralization can make a real-world impact. 💉💪

But what’s the point of decentralized science, you ask? Well, my friends, it’s about financing medical miracles that traditional systems might ignore. Tokenized incentives, smart contracts, and DAOs enable researchers to form capital, get proper attribution, undergo on-chain peer reviews, and collaborate without borders. 🌍🤝💰

And guess what? Decentralized science is gaining traction outside the crypto bubble. ResearchHub, a platform rewarding researchers with crypto for peer-reviewed papers, made headlines in Nature magazine. That’s right, the crypto kids are playing in the big leagues now. 🏆🏆

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2025-01-23 20:01