VANA Price Surges 35% After YZi Labs and CZ Investments Join as Advisors

Jakarta, Pintu News—In the early Asian session on Tuesday, the price of Vana (VANA) experienced a significant spike in response to investment news from YZi Labs (formerly Binance Labs) and Changpeng Zhao (CZ) ‘s involvement as an advisor.

Check out the full news below!

YZi Labs’ Strategic Investment in Vana

Vana, a crypto-AI startup focused on data ownership, recently received funding from YZi Labs.

According to data from BeInCrypto, the VANA token gained almost 35% and traded at $8.37. This investment is YZi Labs’ first in AI since rebranding from Binance Labs.

YZi Labs stated that this move begins a broader exploration of AI’s potential. Vana announced the investment through a post on X (Twitter), highlighting CZ’s role as an advisor.

Although details of the investment structure and post-round valuation have not been disclosed, Vana founder Anna Kazlauskas confirmed that the round was completed in January with YZi Labs as the sole investor.

Also read: Sam Bankman-Fried Returns to X, FTT Surges for a Moment!

DataDAO Ecosystem Expansion by Vana

With new funding from YZi Labs, Vana plans to expand their DataDAO ecosystem. The startup will launch Data Tokens for over 16 DataDAOs and attract more data contributors.

In addition, Vana will support the establishment of new DataDAOs and expand data financialization applications. This funding not only enhances Vana’s capacity to develop its technology but also positions it as a key player in the AI and blockchain industry.

Data ownership is becoming an increasingly important issue in the tech industry, and Vana is leading the charge in addressing it.

Read also: Cardano ETF by Grayscale, A Big Step Toward Wider Adoption?

CZ’s role and Vana’s future

CZ’s involvement as an advisor adds a new dimension to Vana’s growth strategy. Previously, Vana has raised $25 million from leading funds such as Paradigm, Coinbase Ventures, and Polychain Capital.

With the support of YZi Labs and CZ’s experience, Vana is expected to play a bigger role in the AI and blockchain. As part of Binance Labs’ rebranding to YZi Labs, CZ can now actively participate in its operations.

This move is considered a smart maneuver to circumvent CZ’s lifetime ban from working at Binance and allow him to continue contributing to the industry.

Conclusion

YZi Labs’ investment in Vana marks a new era in AI and blockchain integration and affirms the importance of data ownership in today’s digital economy. With the strategic support and expertise brought by CZ, Vana is positioned to lead the transformation in how data is managed and monetized.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. VANA Surges After Binance Labs Investment, CZ Tweets Support. Accessed on February 26, 2025
• Featured Image: Crypto Economy