Binance Founder Changpeng ZhaoYzi Labs, which operates under the leadership of the (CZ) of the (CZ), invested $ 16 million in the Altcoin project, which offers in -chain token distribution service. According to Fortune’s information, Altos Ventures, HACKVC and Amber Ventures were also included in the investment round. The company emphasized its determination to the sector with this support for the first time with its new name. At the same time Yzi Labs With this investment, in its portfolio altcoin It increased the number of projects above 250. This development is considered an important turning point for those who closely follow the crypto money market.
Chain stands out about infrastructure
SignIt is a platform established in 2021 and aims to make users to make crypto currency more transparently. Ethsign, Tokentable And Sign Protocol It provides services such as signing digital contract with different solutions, token management and in -chain information verification.
Company, Crypto Money MarketIt aims to make it more accessible. According to Fortune, Yzi Labs’s $ 16 million investment will further strengthen the infrastructure of this platform. YZİ LABS Investment Director Nicola Wang“Sign’s vision aims to facilitate the access of large masses to web3, Kul he said.
On the other hand, Sign, artificial intelligence assistants crypto currency plans to integrate into the acquisition process. In this way, various applications will be able to perform reliable transactions through smart contracts. Transparency and traceability are among the basic principles of the platform. In addition, Sign is developing tools for corporate investors and individual users. Thus, it aims to offer a safe and verifiable ecosystem for everyone.
Effects of Change in CZ and Yzi Labs
The CZ, which left Binance but continued its investment activities, completed the four -month detention process in September 2024. Behind Binance LabsHe changed his name to Yzi Labs and announced his plans to turn to different fields. The company goes beyond supporting the crypto money market artificial intelligence And biotechnology It intends to open up to sectors such as. Yzi Labs plans to offer more innovation with this expansion step.
According to Fortune, CZ will not manage the central stock exchange, but Yzi will continue to take an important role in its investments. Company, Sky Mavis, Layerzero, APTOS LABS And Polygon Supported such projects. According to Bloomberg, Yzi Labs runs about $ 10 billion. This amount points to a serious scale in the field of enterprise capital. Yzi Labs, which closely follows both internal dynamics and global economic developments, may turn to new investments in the future.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
