YZi Labs Unveils $1B Builder Fund to Boost BNB Chain Projects
YZi Labs, formerly recognized as Binance Labs, has launched a $1 billion Builder Fund designed to enhance innovation within the BNB ecosystem.
Summary
- YZi Labs introduces a $1B Builder Fund to empower founders in the BNB ecosystem.
- The fund targets initiatives in DeFi, AI, RWA, biotech, and Web3 infrastructure.
- BNB Chain has seen unprecedented activity, reaching an average of 26M daily transactions and hitting new price ATHs.
This program is tailored for founders innovating on BNB Chain, offering support for projects in decentralized finance, artificial intelligence, real-world assets, biotech, and decentralized science.
The initiative aligns with BNB’s network, which is witnessing record activity and price surges, indicating increased engagement from developers and users.
Boosting builder support within BNB Chain
On October 8, YZi Labs declared that the new fund will provide both financial and technical backing to teams utilizing BNB Chain’s swift and affordable infrastructure. The program will collaborate with the EASY Residency accelerator and feature BNB Chain’s Most Valuable Builder initiative as a focused track.
Participants in this program can obtain up to $500,000 in direct funding, along with access to YZi Labs’ broad network of mentors, investors, and technical experts.
To promote global connections among founders, YZi Labs is expanding its residency programs to cities like New York, San Francisco, Dubai, and Singapore. The firm manages over $10 billion in assets and has funded more than 300 projects across 25 nations, including PancakeSwap, ListaDAO, Aster, and Aspecta.
Strengthening the BNB ecosystem
The launch comes on the heels of a series of strong quarters for BNB Chain, which now processes around 26 million transactions daily while leading in decentralized exchange trading volume and daily active users.
BNB has also achieved a new all-time high surpassing $1,330 on October 7. Improvements such as the Maxwell hardfork have further enhanced performance by reducing block times and gas fees, establishing BNB Chain as one of the most efficient major blockchains.
Ella Zhang, Head of YZi Labs, described BNB as “a vibrant network with a global presence and on-chain depth,” emphasizing that the fund aims to back founders creating tools that connect blockchain technology to real-world applications.
This initiative marks a new phase in BNB Chain’s evolution into a scalable platform for decentralized applications, propelling advancements in technology, finance, and artificial intelligence fields.
Applications for the EASY Residency and MVB Track are currently open, inviting builders to engage in the next growth phase of the BNB ecosystem.
