started · updated
Changpeng Zhao expects high returns from YZi Labs crypto winter investments
Changpeng Zhao, the founder of Binance, expressed confidence that recent investments made by YZi Labs could become some of the firm’s top performers. Zhao noted on September 4 that these investments were executed during the depth of the ‘crypto winter,’ a period of market downturn and reduced venture sentiment.
YZi Labs, an investment vehicle that emerged from the rebranding of Binance Labs, manages over $10 billion in assets. The firm operates independently and manages capital associated with Zhao and Binance co-founder Yi He. Its investment strategy spans Web3, artificial intelligence, and biotechnology.
Recent publicly verified investments by YZi Labs include a $52 million round for the robotics company RoboForce, an $8 million pre-seed round for the AI payments protocol AEON, and strategic investments in the prediction market platform Predict.fun and the fixed-rate lending protocol TermMax. The firm also has BitGo listed among its investments.
Entities
AEON · Binance · Changpeng Zhao · RoboForce · YZi Labs
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] YZi Labs is an independent organization that emerged from the rebranding of Binance Labs. www.tokenpost.kr · bitcoinethereumnews.com · crypto.news
- [● 3 SOURCES] YZi Labs led a $52 million investment round for robotics company RoboForce. www.tokenpost.kr · bitcoinethereumnews.com · crypto.news
- [● 3 SOURCES] YZi Labs led an $8 million pre-seed round for AI payment infrastructure company AEON. www.tokenpost.kr · bitcoinethereumnews.com · crypto.news
- [● 3 SOURCES] YZi Labs manages more than $10 billion in assets. www.tokenpost.kr · bitcoinethereumnews.com · crypto.news
- [● 2 SOURCES] TermMax received an investment that brought its total funding above $8 million. bitcoinethereumnews.com · crypto.news
- [● 3 SOURCES] YZi Labs investments made during the crypto market downturn may become top performers. www.tokenpost.kr · bitcoinethereumnews.com · crypto.news
- [● 2 SOURCES] Predict.fun reported $1.8 billion in cumulative trading volume. bitcoinethereumnews.com · crypto.news
- [● 3 SOURCES] YZi Labs invests in Web3, artificial intelligence, and biotechnology. www.tokenpost.kr · bitcoinethereumnews.com · crypto.news