This article is machine translated
Show original
It's finally official: Binance YZi Labs has invested in Bitway.
And through EASY Residency, I've transformed myself from a rural kid in Fujian to one of the first "YZi disciples."
My web3 playbook has always been with Binance—from joining Binance Labs in 2019, to joining Nym (led by Binance Incubation/a16z) in 2021, to receiving YZi investment in my first startup. Without Binance's help, I wouldn't be where I am today; in another parallel universe, I might still be working as a slave in the countryside. Thank you, my cousin, my sister, Ella, and Cathy!
For the past two months, I've participated in YZi's inaugural EASY Residency, the first offline startup camp in New York. On my first day, my cousin gave me the book "The Nvidia Way" and said, "I hope you'll continue to build addictive products and one day build a company that delivers greater value than Nvidia." I devoured it within the first two days and couldn't put it down. YZi's values shaped my idealism: entrepreneurship is never just about financial considerations; it's about making an impact on the world.
On the final day, during Demo Day at the NYSE, the excitement was at full throttle. Top VCs flocked in, and the roadshow felt like a pre-sale crowd pumping gas. My throat was hoarse from talking all day, and TG was adding people until their hands were full. Compared to YC, it was definitely even more intense. The professionalism demonstrated by YZi's team was admirable, and the entire event shocked the mainstream traditional financial community on Wall Street.
I recommend that all early-stage projects apply for the second season of the EASY Residency. Even a humble person like me from a rural Fujian province can step onto the biggest stage on Wall Street. The EASY Residency makes the impossible possible, making top-tier resources readily accessible and incredibly easy. For example, during a closed-door presentation, a prominent figure took time out from his space walk to attend and share practical entrepreneurial advice. His guidance was truly enlightening, and such opportunities are priceless. Looking back at past cases, Binance has incubated unicorns like Polygon and Injective. So, the next unicorn could be you.
Bitway, the only L1 public chain project shortlisted this time, is focused on enabling on-chain commerce centered around Bitcoin. It pioneered flagship products like a gas-free Bitcoin payment network and native BTC lending. Bitcoin OG and billionaire Matthew Roszak gave us high praise on the spot. Even if institutions continue to hoard Bitcoin, the vast majority of BTC is still self-custodied on-chain. Whoever pioneers the establishment of an on-chain financial system centered around Bitcoin will ultimately control the global economic lifeline.

Bitway
@BitwayOfficial
08-26
1/ Proud to announce our latest investment from YZi Labs @yzilabs (formerly Binance Labs) via the EASY Residency program to launch Bitway — the first purpose-built Layer 1 blockchain designed for Bitcoin business.

Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content





