Chanpeng Zhao, known as CZ is better known in the Crypto industry, is joining the artificial intelligence startup Vana as a consultant.
Yzi Labs, The Venture Capital firm recently rebrands from Binance Labs, Announced Strategic investment and CZ advisor on 24 February.
Wana has been posted on X,
The move is part of Yazi Labs’ investment in Vana, the first CZ-LED firm has been taking the AI protocol since the rebranding earlier this year. According to the announcement on 24 February, the role of CZ as the support of Yzi Labs and the role of CZ will help Vana to expand its access to AI data and interpreting as a layer 1 blockchain.
Yzi Labs and CZ bets on AI, blockchain and biotech
The founder and former chief executive of Benance CZ CZ CZ, is making a big comeback in the Crypto industry after his release from American custody.
Before doing his four -month prison time, Jhao had agreed to step down as CEO of Benance. This came when he convicted the money laundering violation in November 2023, in which Binas agreed to settle $ 4.3 billion with US authorities.
When he returned to Crypto’s scene after his release, his petition with the US Department of Justice meant that he could not return as CEO of Crypto Exchange. Jhao confirmed this during the Benance Blockchain Week in Dubai in November.
However, he reiterated his plans to focus on other things in Crypto. In addition to the crypto education initiative with the Gigal Academy, he said that he was ready to participate more in the investment place. The three major areas in which they demanded a dive were Blockchain, AI and Biotech.
Taking the hull of binance labs, now Yzi Labs aligns with this ambition. recently Investment of $ 16 million In the token aircraft platform sign, AI with Yzi Labs Wana is monitored by AI development.
An open protocol for data sovereignty, Vana, sees to bring the benefits of blockchain technology amidst growth in the AI economy and stacking for data creators. Businesses, researchers and developers can avail L1 for high quality dataset while under control of their data.
Commenting on development, Andy Chang, director of Yzi Labs Investment, noted:
“Data sovereignty is becoming an important issue as AI advances, and Vana is leading a model where individuals maintain control of their data by enabling AI research to groundbreaking. We are excited to support our mission as to how data is accessed, shared, and leverages in the AI economy. ,
