YZi Labs Unveils $1B Builder Fund to Boost BNB Chain Projects
YZi Labs, formerly known as Binance Labs, has launched a $1 billion Builder Fund aimed at fostering innovation within the BNB ecosystem.
Summary
- YZi Labs introduces a $1B Builder Fund to aid creators in the BNB ecosystem.
- The fund targets initiatives in DeFi, AI, real-world assets, biotech, and Web3 infrastructure.
- BNB Chain is witnessing unprecedented activity, with an average of 26 million daily transactions and new all-time price highs.
This program is aimed at founders building on BNB Chain, offering support for projects in areas such as decentralized finance, artificial intelligence, real-world assets, biotech, and decentralized science.
This initiative aligns with BNB’s (BNB) network experiencing peak activity and price surges, indicating increased engagement from both developers and users.
Strengthening builder support in BNB Chain
On October 8, YZi Labs revealed that the new fund will provide both financial and technical resources to teams utilizing BNB Chain’s fast and economical infrastructure. The program will complement the EASY Residency accelerator and include a specialized track within the BNB Chain’s Most Valuable Builder initiative.
Participants can secure up to $500,000 in direct funding, along with access to YZi Labs’ vast network of mentors, investors, and technical experts.
To foster global connections among founders, YZi Labs is expanding its residency activities 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 ones like PancakeSwap, ListaDAO, Aster, and Aspecta.
Strengthening the BNB ecosystem
The fund’s launch follows several strong quarters for BNB Chain, which currently handles approximately 26 million transactions daily and leads in trading volume on decentralized exchanges and daily active users.
BNB also reached a new all-time high above $1,330 on October 7. Recent improvements, such as the Maxwell hardfork, have further enhanced performance by reducing block times and gas fees, positioning BNB Chain as one of the most efficient major blockchains.
Ella Zhang, Head of YZi Labs, described BNB as “a vibrant network with global reach and on-chain depth,” emphasizing that the fund’s mission is to support founders in creating tools that integrate blockchain technology with real-world applications.
This initiative marks a significant milestone in the evolution of BNB Chain into a scalable platform for decentralized applications, promoting advancements in technology, finance, and AI.
Applications for the EASY Residency and MVB Track are now open, encouraging builders to engage in the next phase of growth within the BNB ecosystem.
