He Yi: YZi Labs is keen on cultivating competitors for Binance

ChainCatcher news, He Yifa posted that applications for the YZi Labs incubator are welcome, and YZi Labs is keen on nurturing competitors for Binance.

ChainCatcher previously reported that Zhao Changpeng stated on X platform that he noticed discussions on social media regarding "Hyperliquid co-founder Jeff appearing in a group photo released by Binance Labs in 2018." Many may not know that Jeff was one of the members of the first incubation program of YZi Labs (then Binance Labs) in 2018. Unfortunately, the project ended in failure, and YZi Labs lost its investment, which is common in the venture capital circle. At that time, he had little contact with Jeff and had long forgotten about it. A few months ago, he was supposed to have a call with Jeff, but due to a scheduling error, he missed the opportunity and has not found a chance to reschedule since then.
Zhao Changpeng added that YZi Labs has not obtained and does not hold any investment rights in Hyperliquid (whether equity or tokens).