YZi Labs, previously known as Binance Labs, has introduced its new investment in the crypto-AI startup Vana, which focuses on data ownership.
YZi Labs' Investment in Vana
YZi Labs announced its strategic investment in the startup Vana without disclosing the amount. Binance co-founder Changpeng Zhao joined Valve, Vana's mainnet, as an advisor through YZi Labs. Recently, Valve launched its main blockchain network and token.
The Mission of YZi Labs and Vana
YZi Labs has extended its focus beyond Web3 by including investments in AI and biotech. According to Chief Investment Officer Andy Chang, the company aims to redefine data access and supports Vana's mission to empower individuals with data control while promoting AI research.
Other Investors and Market Reaction
In a previous funding round, Valve attracted participation from high-profile investors such as Paradigm, Coinbase Ventures, and Polychain Capital. Following the investment news, the VANA token price began to increase.
The collaboration between YZi Labs and Vana signifies a substantial step forward in AI technology and data management, underscoring the growing focus on data security and innovative approaches in the digital economy.
