Yzi Labs went bankrupt by expanding its investment in Tensorplex Labs, aiming to promote the combination of AI and blockchain.
YZI Labs Latest Funding: Tensorplex Labs
This morning, on March 7, Yzi Labs (formerly Binance Labs) announced an investment in Tensorplex Labs – a pioneer project for diversified AI. They lead at the intersection of blockchain and AI, aiming to accelerate innovation in AI.
Tensorplex AI currently has two flagship products:
- Backprop Finance: A comprehensive Defi platform for the Bittensor (TAO) ecosystem, running as a Defi Hub and transaction analysis center for DTAO tokens (Bittensor’s subnet). In addition, it provides a decentralized financial solution powered by EVM smart contracts.
- Tensorplex Dojo: A decentralized AI infrastructure that enables real-time interaction between humans and AI. Users can contribute data and feedback to Tensorplex Dojo to improve or upgrade and receive rewards. The team of developers hopes Dojo can help solve complex problems by opening a new real-life era between humans and artificial intelligence.
With the latest investment and resources from YZI Labs, Tensorplex Labs plans to further accelerate AI development based on blockchain technology. The project will also expand its team with a focus on R&D (R&D) to bring decentralized AI into real-world applications.
Andy Chang, investment director at Yzi Labs, expressed strong belief in the deal: “At Yzi Labs, we are optimistic about the AI space and believe that decentralization will play a key role in its evolution […] This investment strengthens our bet on decentralized AI and we are excited to support their vision of building a more open and collaborative AI ecosystem. ”
“We are excited to be supported by Yzi Labs as we continue to innovate and push the boundaries of a decentralized AI space. We believe that the next leap in AI will come from a seamless collaboration between humans and AI agents,” said CK Cheung, co-founder of Tensorplex Labs.
After Yzi Labs announced its investment in Tensorplex Labs, CZ (former Binance CEO) personally retweeted a post on X (Twitter) expressing confidence in AI in AI. In addition, CZ’s behavior of AI+ blockchain integration is exactly in line with the vision of the 47th President of the United States. Trump has appointed David Sacks as the White House’s “crypto and AI adviser” to develop policies on the development of AI and cryptocurrencies.
What is Yzi Laboratory?
YZi Labs is one of the most significant funds, which is classified as Tier 1 with big figures like Blackrock, Polychain Capital, Dragonfly Capital, etc. YZi Labs has previously made significant investments in projects like Catizen (CATI), Solayer (LAYER), Sui (SUI)… After rebranding from Binance Labs to YZi Labs in early 2025, the fund will shift its focus toward key areas such as Web3, AI, and Biotech.
Source: Cryptorank
