https://www.yzilabs.ioCZ- intern
YZi Labs (formerly Binance Labs)
https://fortune.com/crypto/2025/01/28/billionaire-binance-cz-founder-jumps-back-into-crypto-with-16-million-investment-in-token-airdrop-service-sign/"After wrapping up a four-month U.S. prison sentence in September, former Binance CEO Changpeng ‘CZ’ Zhao has been busy transforming Binance’s venture capital arm into a new entity known as YZi Labs. On Tuesday, YZi Labs announced its first investment: leading a $16 million funding round into a startup called Sign, a platform seeking to simplify token distribution and bring credential verification on-chain.
“Proper distribution builds trust, and verification is an essential part of it. As more people move on-chain, this is a critical part of the foundational infrastructure,” Zhao, who is known to everyone in the crypto world as “CZ”, said in an email.
Sign offers a suite of products but is best known for its service that helps distribute newly created crypto tokens in a process called airdrops, which typically involve rewarding early users of a project. The airdrop process is a later innovation that was not used by early blockchains like Bitcoin, which rely entirely on mining to distribute tokens."