Binance CEO CZ's new venture, YZi Labs, is launching a $1 billion fund to support developers building on the BNB Chain, coinciding with the token's significant price increase.

YZi Labs Launches $1 Billion Builder Fund

YZi Labs, an investment firm linked to Binance co-founder Changpeng Zhao, has initiated a $1 billion Builder Fund. This fund is intended for founders and developers operating within the BNB Chain ecosystem.

Fund Timing and Market Context

The launch of the Builder Fund coincides with a recent surge in the value of BNB, the BNB Chain's native token.

Strategic Focus of YZi Labs

YZi Labs aims to establish BNB as a central platform for Artificial Intelligence (AI), Real World Assets (RWAs), and Decentralized Finance (DeFi).

Announcement Details

The announcement regarding the fund was made on Wednesday.