Yzi Labs announced a $16 million investment in Sign, an on-chain infrastructure for token distribution and voucher verification. It is reported that Sign is aggregating verified credentials on the chain to build a larger network, thus creating a more transparent and secure token distribution infrastructure.
Binance Labs changed its name to YZi Labs while expanding its investment focus to include Web3, AI, and biotech. CZ is actively involved in investment activities, providing direct mentoring and training to founders; while Ella Zhang returns as head of YZi Labs to lead the next phase of growth and innovation.