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YZi Labs Introduces $1B Fund to Boost BNB Chain Projects

Bradley Bosch

YZi Labs, formerly known as Binance Labs, has introduced a $1 billion Builder Fund aimed at fostering innovation within the BNB ecosystem.

Overview

  • YZi Labs launches a $1B Builder Fund to empower innovators in the BNB ecosystem.
  • The fund prioritizes projects in decentralized finance, artificial intelligence, real-world assets, biotechnology, and Web3 infrastructure.
  • BNB Chain is seeing exceptional activity, averaging 26 million transactions per day and achieving new all-time price highs.

This initiative is aimed at founders working on the BNB Chain, offering support for projects in decentralized finance, AI, real-world assets, biotech, and decentralized science.

This effort aligns with the ongoing activity and price growth in the BNB network, indicating heightened engagement from both developers and users.

Boosting builder support in BNB Chain

On October 8, YZi Labs announced that the new fund will provide both financial backing and technical assistance to teams utilizing BNB Chain’s efficient and cost-effective infrastructure. This program will complement the EASY Residency accelerator and feature a specialized track within the BNB Chain’s Most Valuable Builder initiative.

Eligible participants can receive funding of up to $500,000, along with access to YZi Labs’ vast network of mentors, investors, and technical specialists.

To foster global connections among founders, YZi Labs is expanding its residency initiatives to cities such as New York, San Francisco, Dubai, and Singapore. The firm manages over $10 billion in assets and has supported more than 300 projects across 25 countries, including notable names like PancakeSwap, ListaDAO, Aster, and Aspecta.

Strengthening the BNB ecosystem

The introduction of the fund comes after several strong quarters for BNB Chain, which currently handles approximately 26 million transactions daily and maintains a leading position in trading volume on decentralized exchanges and daily active users.

BNB reached a new all-time high of over $1,330 on October 7. Recent improvements, such as the Maxwell hardfork, have further enhanced performance by reducing block times and gas fees, establishing BNB Chain as a highly efficient blockchain.

Ella Zhang, Head of YZi Labs, described BNB as “a dynamic network with global reach and on-chain depth,” emphasizing that the fund’s objective is to support founders in creating tools that integrate blockchain technology with real-world applications.

This initiative marks a significant step in BNB Chain’s evolution towards becoming a scalable platform for decentralized applications, spurring advancements in technology, finance, and AI.

Applications for the EASY Residency and MVB Track are currently open, inviting builders to engage in the next growth phase of the BNB ecosystem.