BlockBeats News, October 10th. He Yi posted, welcoming applications for the YZi Labs incubator. YZi Labs is dedicated to nurturing competitors to Binance.
Previously reported, CZ posted, stating that he noticed discussions on social media regarding “Hyperliquid co-founder Jeff appearing in a group photo released by Binance Labs in 2018.” Many people may not know that Jeff was one of the participants in the first phase of the YZi Labs incubation program in 2018 (back when it was Binance Labs). Unfortunately, the project at that time ended in failure, leading to YZi Labs’ investment going down the drain, a common occurrence in the venture capital circle. At that time, I had limited contact with Jeff and had long forgotten about this matter. A few months ago, I was planning to have a phone call with Jeff, but due to a scheduling error on my part, it was postponed, and since then, I haven’t found an opportunity to reschedule. CZ further added that YZi Labs did not receive, nor does it hold any investment stake (either equity or tokens) in Hyperliquid.
