Changpeng "CZ" Zhao, the embattled founder of Binance, has announced the launch of a new nonprofit online education platform named Giggle Academy. Despite awaiting sentencing in federal court, Zhao remains optimistic about this initiative, considering it "the most impactful thing" for his future.
Zhao's vision for Giggle Academy aims to make basic education enjoyable and accessible to children globally. The platform, offering free education from grade 1 to 12, seeks to address the lack of access to education, especially in regions like South Asia, West Asia, and sub-Saharan Africa, where over 75% of illiterate adults reside, with women forming the majority.
Giggle Academy promises a gamified and adaptive learning experience, covering not only core subjects but also topics like emotional intelligence, finance, and blockchain. The platform's innovative approach includes using blockchain-based "soul-bound tokens" to certify student achievements.
Crypto Twitter has expressed mixed reactions to Zhao's announcement. While some applaud his efforts to democratize education, others remain skeptical, with one follower launching a Solana memecoin inspired by Giggle.
Despite facing legal challenges and criticisms, Zhao remains committed to his educational endeavor. His dedication is evident in his statement featured on the Giggle Academy website, emphasizing the platform's mission to provide quality education to all, free of charge.
Binance founder CZ's Giggle Academy X account was hacked to share phishing links, highlighting rising crypto phishing threats causing over $800 million in losses. While restored, no official confirmation has come from CZ or Co-Founder Yi He.
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