Ex-Binance Chief Changpeng Zhao Teases New Educational Project

Changpeng Zhao makes a wave with a big announcement about his new project.

Changpeng Zhao ready to teach a class.
Created by Gabor Kovacs from DailyCoin
  • CZ has announced a new project.
  • The project has a unique proposition, sidelining crypto.
  • Active hiring for members of the project is ongoing.

Changpeng โ€œCZโ€ Zhao, the founder and former CEO of the worldโ€™s largest crypto exchange, Binance, announced on Tuesday that he is keen on launching a new educational project, Giggle Academy.

The move comes after a U.S. District Court in Washington imposed more travel restrictions on CZ on March 11, ordering the former CEO to surrender his Canadian passport to a third-party custodian and to stay within the continental U.S. until sentencing.

CZ Finds Something with the โ€œMaximum Positive Impactโ€

Amid the hurdles in the U.S., CZ is looking for a comeback to the limelight with the Giggle Academy project, which he described as a โ€œno revenue, gamified, and adaptiveโ€ platform that seeks to provide free basic education for all.

Sponsored

Per the X post, the project is hunting for teachers who can create digital content and is keen on hiring a small team that can work directly with CZ.

The concept paper for CZโ€™s new project said the platformโ€™s main objective is to provide underprivileged children in developing countries with content covering education from grades one to 12.

โ€œI thought about what to do next for a few months,โ€ CZ said in the paper. โ€œThis is scalable, and thus high impact. In addition, education is fundamental to everything in our world. Give a man a fish vs teach a man to fish.โ€

While Changpeng Zhao stated in a separate post that Giggle Academy will not be involved with cryptocurrencies, the concept paper discussed the possibility of integrating a โ€œlearn-to-earnโ€ system with the platform in the future.

In the meantime, the platform will gamify its educational content using points, scores, rankings, and non-fungible token (NFT) badges.

Read why Binanceโ€™s billion-dollar plea isnโ€™t a turning point for crypto regulation:

Why Binanceโ€™s $4.3B Plea Isnโ€™t a Turning Point for Regulation

Stay updated on why the SEC had turned down Binanceโ€™s motion to dismiss a regulatory lawsuit:

SEC Dismisses Binance Motion to Toss Lawsuit as โ€œTheatricsโ€

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga is a crypto reporter at DailyCoin covering breaking news. Brian has minor holdings in Bitcoin and Ethereum.

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