Binance’s CZ Fuels Vitalik’s Biotech Dream with $10M BNB Don
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Updated at: 8 hours ago
{"content":"Binance’s CZ Fuels Vitalik’s Biotech Dream with $10M BNB Donation
Binance founder Changpeng Zhao posted on his X account on July 1 about a charitable partnership with YZi Labs to help world healthcare. CZ cited a BNB gift to Ethereum co-founder Vitalik Buterin for open-source biology in his statement.
Buterin has donated to biosecurity and pandemic prevention. He supports longevity research via several programs, including VitaDAO Longevity Fellowship for students and early-career researchers.
In his X article, CZ argued that having conviction is the greatest approach to recruit mission-driven talent since like-minded individuals naturally come together. He discussed his $10 million BNB investment in Buterin's open-source biotech and other YZi Labs projects.
YZI Labs invests in Web3, AI, and healthcare startups with solid foundations.
YZi Labs general partner Jane Sparking posted “Advance Humanity: Joining YZi Labs to Drive People-Centered Biotech and Healthcare Solutions.” CZ shared it.
Jane wrote about her first meeting with CZ, when they discussed science and patients, families, and innovators who frequently go unheard.
She claimed she has been working with CZ to direct biotech and healthcare investments since that talk, emphasizing that for him, this is about disrupting a system that prioritizes money over people.
CZ invests in biotech to defy and empower visionaries with world-changing ideas.
A New World with Fairness and Innovation
Jane said that CZ thinks you can design something big without losing sight of its audience. She said he backs underappreciated entrepreneurs, bets on fresh research, ideas, and ways of thinking, and takes chances on world-changers.
Jane, CZ, and YZi Labs are creating a new universe where:
Patients have greater options
Scientists aren't constrained by bureaucracy.
Small teams with tremendous ideas may push limits.
Improved lives
Jane concluded that CZ might have chosen an easier way, but he chose the hard path of repairing what needs fixing and building a better world one person at a time.
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