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Home»ADOPTION NEWS»Former Binance CEO Changpeng Zhao announced a new educational project related to NFTs.
ADOPTION NEWS

Former Binance CEO Changpeng Zhao announced a new educational project related to NFTs.

By Crypto FlexsMarch 19, 20242 Mins Read
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Former Binance CEO Changpeng Zhao announced a new educational project related to NFTs.
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People • March 18, 2024, 9:12 PM EDT

Posted 1 minute ago In ~

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.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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.

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