PANews reported on February 2 that Binance co-founder He Yi posted on social media to clarify a series of recent controversies regarding Binance Labs and market development, and shared his in-depth thoughts on the development of the industry.

1. About Binance Labs : Labs is now independently operated and renamed Yzi Labs , which is led by Ella Zhang and directly managed by CZ. The listing process of Binance has no direct connection with Labs investment projects, and the company has a zero-tolerance attitude towards any employee soliciting bribes. Reports are welcome.

2. Market environment analysis : The current market rise is mainly driven by traditional financial institutions and ETFs, while the crypto industry faces a shortage of high-quality assets . In the past, the industry was mainly based on infrastructure construction, but now the development of the application level is constrained by regulatory policies, resulting in generally low project valuations.

3. Thinking about the value of the industry : He Yi pointed out that although blockchain has the potential to change production relations, most projects have not created real value . The speculative airdrop and the "XX to Earn" model without real economic support are difficult to sustain. She emphasized that high-quality assets should be based on long-term value rather than just cashing out by issuing tokens.

4. Response to public opinion : She reviewed the rumors and attacks she had encountered in the past, and said that Binance always welcomes reports with evidence to maintain transparency and fairness in the industry. At the same time, she emphasized that construction is more difficult than destruction, and encouraged industry professionals to stick to their original intentions.

He Yi finally said: "Although this road is long, there will always be people who hold the torch against the wind." She called on entrepreneurs who are truly committed to creating value to join in and jointly promote the healthy development of the industry.