The price of the digital currency VANA has reached $8.92 with a remarkable 46% surge in the past 24 hours following the news of YZi Labs’ investment in the project. Along with the price growth, VANA’s trading volume has also skyrocketed by an incredible 2836% to over $636 million. VANA is a leading startup in the crypto and artificial intelligence sector focusing on data ownership. The project is built on a decentralized layer 1 blockchain that gives users full control over their personal data. Notably, this investment marks YZi Labs’ first step into the AI field after rebranding from Binance Labs. Andy Cheung, the investment director at YZi Labs, announced the company’s intention to expand its activities into AI and biotechnology domains. Alongside YZi Labs’ investment, VANA revealed that Changpeng Zhao (CZ), the former founder of Binance, has joined the project as an official advisor. Zhao is expected to assist in developing the AI data layer and expanding the DataDAO ecosystem. Prior to this, VANA had raised $25 million from prominent funds such as Paradigm, Coinbase Ventures, and Polychain Capital. Reports suggest that the rebranding of Binance Labs to YZi Labs has transformed the company into an independent entity, allowing Zhao to play a significant role in future projects through YZi Labs. The move seems to be an intelligent maneuver to circumvent Zhao’s lifetime ban on Binance and now enables him to play a crucial role in upcoming projects through YZi Labs. On the real-time digital currency price page, you can monitor the prices of all tokens and cryptocurrencies live and in real-time.
