Binance Founder Donates $10 Million in BNB to Support Buterin’s Biotech Efforts

Binance’s founder, Changpeng Zhao, also known as CZ, recently announced a significant donation of $10 million in BNB to Vitalik Buterin, the co-founder of Ethereum. This donation is part of a broader initiative to support Buterin’s open-source biotech efforts, which focus on biosecurity, pandemic prevention, and longevity research. Buterin has been actively involved in various initiatives, including the VitaDAO Longevity Fellowship, which aims to support student grants and early-career individuals interested in longevity research.

CZ’s support for healthcare efforts and charity is not limited to this donation. In a post on X, he emphasized the importance of having conviction in one’s mission to attract like-minded talent. He highlighted his recent investments in YZi Labs, which focuses on all-stage ventures with strong fundamentals in the Web3 ecosystem, AI, and healthcare. YZi Labs, formerly known as Binance Labs, invests in ventures that align with its mission to drive people-centered biotech and healthcare solutions.

Jane Sparking, the general partner at YZi Labs, shared insights into CZ’s vision and approach. She mentioned that during their first meeting, they discussed science and the people who often lack a voice in the healthcare system. Since then, she has been working alongside CZ to guide investments in biotech and healthcare, emphasizing that his approach is not about chasing success but about challenging a system that prioritizes profits over people. For CZ, investing in biotech is an act of defiance and a way to open doors for dreamers and innovators who have the potential to change the world.

Jane also highlighted CZ’s belief in building something ambitious without losing sight of the people it is meant to serve. He backs founders who are often overlooked, bets on new science and models, and is not afraid to take risks on people who want to change the world. Together with YZi Labs, CZ is working to create a new world where patients have better choices, scientists are not constrained by bureaucracy, small teams with big ideas can push the boundaries of what’s possible, and lives are changed for the better.

CZ’s donation to Buterin and his investments in YZi Labs reflect his commitment to using his resources to support initiatives that have a positive impact on humanity. By backing open-source biotech efforts and people-centered healthcare solutions, CZ is setting an example for others to follow in their quest to create a better future. His approach emphasizes the importance of conviction and the power of like-minded individuals coming together to drive meaningful change.