Changpeng Zhao takes advisory role at AI blockchain startup Vana

Changpeng Zhao, better known in the cryptographic industry under the name of CZ, joins the artificial intelligence startup Vana as an advisor.

Yzi Labs, the venture capital company recently renowned Binance laboratories, announcement Strategic investment and CZ advisor on February 24.

“We are delighted to announce the strategic investment of Yzi Labs in Vana and to welcome CZ as an advisor while we advance the data layer for AI alongside our expanding Datadao ecosystem,” published Vana on X.

This decision is part of Yzi Labs’ investment in Vana, the first company led by the CZ has been hosting an AI protocol since the brand change at the start of this year. According to the announcement of February 24, the support of Yzi Labs and the role of CZ as an advisor will help Vana to extend his scope as a layer 1 blockchain for AI data and interoperability.

Yzi Labs and the bet of CZ on AI, blockchain and biotechnology

CZ, the founder and former managing director of Binance, makes a huge return to the crypto industry His release from us.

Before doing his four -month sentence, Zhao had agreed to resign from CEO of Binance. This came when he pleaded guilty to money laundering violations in November 2023, Binace suitable for a regulation of $ 4.3 billion with the American authorities.

While he returned to the crypto scene after his release, his agreement with the United States Ministry of Justice noted that he could not return as CEO of The Crypto Exchange. Zhao confirmed it during the Binance 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 Giggle Academy, he said he was anxious to participate more in the investment space. The three main areas in which he sought to dive was blockchain, AI and biotechnology.

Taking the head of Binance’s laboratories, now Yzi Labs, aligns with this ambition. After a recent Investment of $ 16 million In the chip tray platform panel, Yzi Labs plans to grow AI with Vana.

Vana, an open protocol for data sovereignty, seeks to bring the advantages of blockchain technology and to mark out data creators in the ENI economy growth. Companies, researchers and developers can take advantage of the L1 for high quality data sets while remaining in control of their data.

Commenting on the development, the investment director of Yzi Labs Andy Chang noted:

“Data sovereignty becomes a critical problem as AI advances, and Vana Pionnia a model where individuals retain control of their data while allowing revolutionary research on AI. We are delighted to support their mission to redefine how the data is accepted, shared and made fun of the AI ​​economy. »»