In a strategic move to expand its footprint in the intersection of artificial intelligence and blockchain technology, YZi Labs has invested an undisclosed amount in the crypto-AI startup Vana. This marks YZi Labs’ first AI-focused investment since its rebranding from Binance Labs last month. Binance+5Panews Lab+5Chain Catcher+5
As part of this investment, Binance co-founder Changpeng “CZ” Zhao has joined Vana as an advisor, reinforcing his continued involvement in the Web3 and AI sectors. X+6Binance+6Panews Lab+6
A spokesperson for YZi Labs stated that the company’s focus has now expanded from Web3 to include artificial intelligence and biotechnology. While the company continues to explore opportunities at the intersection of these fields, it is also willing to invest in independent AI and biotechnology projects “to capture the full spectrum of innovation.” Panews Lab+9Chain Catcher+9Panews Lab+9
Vana, co-founded by Anna Kazlauskas, is a crypto-AI startup that focuses on data ownership. The company launched its mainnet and token last December, aiming to empower users with control over their data through innovative AI solutions. X+2CoinLive+2Bitcoin Sistemi+2Bitcoin Sistemi
This investment underscores YZi Labs’ commitment to fostering innovation at the convergence of AI and blockchain technologies. With CZ’s advisory role, Vana is poised to leverage his extensive experience to navigate the evolving landscape of crypto and AI.
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