Updated: March 18, 2024, 9:13 PM EDT
Changpeng Zhao, Binance co-founder and former CEO, made the following announcement: X We’ll be hiring in Asia on Tuesday morning for our next project called Giggle Academy. He described it as a “gamified, adaptive” platform that aims to provide free basic education to everyone.
that much concept paper Zhao’s new platform said the main goal of the project is to educate underprivileged children in developing countries by providing content covering education from grades 1 to 12.
Known as a “zero revenue platform,” Giggle Academy plans to gamify its educational content using a system involving points, scores, rankings, and non-fungible token (NFT) badges. However, Zhao famous In a separate post, X stated that the project would not include cryptocurrency. The concept paper also discussed the future possibility of adopting a “Learn-to-Earn” system.
“I’ve been wondering what to do next for months,” Zhao told the newspaper. “I need to find the most positive impact I can in this world. To do this, I need to do something I’m good at and scalable.”
Zhao in November last year plead guilty It violated the Bank Secrecy Act and caused financial institutions to violate it. He personally agreed to pay a $50 million fine and stepped down as CEO of Binance.
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About the author
Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.