Key Highlights:
  • YZi Labs launched a $1 billion fund to support builders in the BNB Chain ecosystem.

  • The initiative targets projects in DeFi, AI, real-world assets, DeSci, payments, and wallets.

  • Teams can receive up to $500,000 plus mentorship from YZi and BNB Chain leaders.

New $1B Builder Fund to Expand BNB Chain

YZi Labs, formerly Binance Labs, announced a $1 billion Builder Fund to fuel development within the BNB Chain ecosystem. The initiative will combine financial support with access to infrastructure, tools, and mentorship across YZi’s 460 million–user network.

Eligible teams can receive up to $500,000 and join YZi’s EASY Residency accelerator program, which now spans hubs in New York, Dubai, Singapore, and San Francisco.

CZ’s Continued Involvement

Founded and led by Ella Zhang with guidance from Binance co-founder Changpeng “CZ” Zhao, YZi Labs continues to play a central role in expanding BNB Chain’s ecosystem. The firm has recently supported projects like Ethena Labs and reaffirmed its long-term strategy to fund emerging Web3 sectors.

BNB, meanwhile, remains on a strong run, hitting fresh highs above $1,320 as it cements its position as the world’s third-largest cryptocurrency.

Read the full article on theblock.