{"id":13496,"date":"2022-08-10T13:26:53","date_gmt":"2022-08-10T13:26:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-co-founder-yi-he-leading-7-5b-venture-capital-arm\/"},"modified":"2022-08-10T13:26:53","modified_gmt":"2022-08-10T13:26:53","slug":"binance-co-founder-yi-he-leading-7-5b-venture-capital-arm","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-co-founder-yi-he-leading-7-5b-venture-capital-arm\/","title":{"rendered":"Binance Co-Founder Yi He Leading $7.5B Venture Capital Arm"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>The world\u2019s largest cryptocurrency exchange by trading volume, <a href=\"https:\/\/igaming.org\/cryptocurrencies\/binance\/\">Binance<\/a>, on Wednesday announced that co-founder Yi He will be heading Binance Labs, its venture capital (VC) arm and incubator.<\/p>\n<p>Leading the global strategy and day-to-day operations at Binance Labs, the largest crypto VC with $7.5 billion of assets under management, Yi is driven to \u201cbuilding the standard for the blockchain industry\u201d and boost web3 adoption around the world.<\/p>\n<p>Binance CEO, Changpeng \u2018CZ\u2019 Zhao commented:<\/p>\n<p><em>\u201cAs part of the founding team, Yi has been actively involved in Labs since its inception and has played a pivotal role in identifying early-stage projects and founders with the vision and drive to disrupt those global institutions that no longer serve society effectively. This is the perfect moment for Yi to take on a larger role in Labs as this market presents an unparalleled opportunity to identify those projects with the tenacity to thrive in tough market conditions.\u201d<\/em><\/p>\n<p>Yi, who will focus on infrastructure projects and improving use cases in innovative crypto and blockchain projects, said:<\/p>\n<p><em>\u201cPart of the journey of seeing Binance grow, especially through tough market conditions, has been the ability to identify those founders that have the skills and embody the values needed to thrive in an environment where resources are more limited. As a leading player in the space, my goal is to help define the industry standard by identifying and supporting sustainable projects and building an ecosystem of quality blockchain solutions that empowers the entire industry.\u201d<\/em><\/p>\n<p>Yi added:<\/p>\n<p><em>\u201cIt is a foregone conclusion that Web3 will reach one billion new users in the next five years. However, Web3 will only truly become mainstream when its products weave seamlessly into users\u2019 lives. To expedite widespread adoption, we need to focus our resources on supporting those projects that will push the boundaries of Web3 technology and create products that provide solutions to real-world problems.\u201d<\/em><\/p>\n<p>June 1<sup>st<\/sup>, 2022, Binance Labs announced it had successfully <a href=\"https:\/\/igaming.org\/crypto\/binance-labs-raises-500m-for-web-3-and-blockchain-investments-fund\/\">raised $500 million<\/a> from DST Global Partners, Breyer Capital, Whampoa Group and other private equity funds, and would launch a fund that will invest in\u00a0Web 3\u00a0and blockchain businesses.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/binance-co-founder-yi-he-leading-7-5b-venture-capital-arm\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) The world\u2019s largest cryptocurrency exchange by trading volume, Binance, on Wednesday announced that co-founder Yi He will be heading Binance Labs, its venture capital (VC) arm and incubator. Leading the global strategy and day-to-day operations at Binance Labs, the largest crypto VC with $7.5 billion of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13496"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=13496"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13496\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/13497"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=13496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=13496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=13496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}