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Changpeng "CZ" Zhao, the creator of Binance, recently shared his future goals after being released from detention. He highlights his long-term devotion to these sectors by emphasizing his continuous commitment to biotechnology, blockchain technology, and artificial intelligence (AI).
Zhao is upbeat and keeps an eye on effect rather than profits despite encountering legal difficulties in the US.
Changpeng Zhao, the founder of Binance, Forges New Routes in Technology and Charity After Custody
Changpeng "CZ" Zhao recently spent time in detention. He recently expressed his experiences and goals in a thoughtful message he posted on the social networking platform X. After being freed from a California prison on September 27, the former CEO of Binance, Zhao, announced a number of projects he intends to concentrate on in the upcoming years.
The commitment to advancing technological innovation and social impact, especially through new endeavors in education and charity, was at the heart of his message. The founder of Binance declared his long-term dedication to blockchain technology, saying,
“Will continue to invest in blockchain/decentralized technologies, AI, and biotech. I am a long term investor who care about impact, not returns.”
Zhao also mentioned the accomplishments of his most recent endeavor, Giggle Academy, an online learning environment with easily accessible courses. He conveyed his excitement about investing more time and money in this nonprofit endeavor, which he plans to continue throughout his life.
Maintaining Innovation Investing
Changpeng "CZ" Zhao is unfazed by the obstacles he faces as a result of legal troubles in the US, including a large fine and compliance oversight. He restated his investment philosophy, emphasizing effect above returns.
Before Zhao stepped down, Binance was led by him and had a significant influence on the development of the digital asset exchange market. Zhao expressed confidence in Binance's potential to flourish without his direct involvement, now that Richard Teng is leading the company.
“Binance seems to be doing well without me back-seat-driving, which is excellent. Every founder’s dream!”
Furthermore, Binance CEO Richard Teng revealed that the platform has seen a 40% increase in institutional and corporate investors this year at the Token2049 conference in Singapore. Teng highlighted that institutional participation in the cryptocurrency sector is still in its early stages and implied that the current investment levels are only the "tip of the iceberg."
Additionally, Zhao mentioned that he intended to step up his charitable and educational endeavors. He said he has "rough ideas" for the organization of these initiatives.
Furthermore, Zhao disclosed that he is now working on a book, which he has finished roughly two thirds of. He talked about the difficulties of writing a book and his resolve to finish the assignment.
Furthermore, there is increasing conjecture on Changpeng Zhao's potential future investment plans, which might push the price of BNB closer to $700, in light of his recent release.