Binance founder Changpeng “CZ” Zhao, recently released from custody, has articulated his vision for the future. He emphasizes a continued commitment to blockchain technology, artificial intelligence (AI), and biotechnology, highlighting his long-term dedication to these fields.
Despite facing legal challenges in the United States, Zhao remains optimistic with a focus on impact and not returns.
Binance Founder Changpeng Zhao Charts New Path in Tech and Charity Post-Custody
In a reflective statement made on the social media platform X, Changpeng “CZ” Zhao shared his experiences and aspirations following his recent stint in custody. Released on September 27 from a correctional facility in California, Zhao outlined a series of initiatives he plans to focus on in the coming years.
Central to his message was the commitment to driving technological innovation and social impact, particularly through new ventures in education and charity. The Binance founder expressed his long term commitment to blockchain stating,
“Will continue to invest in blockchain/decentralized technologies, AI, and biotech. I am a long term investor who care about impact, not returns.”
In addition, Zhao noted the success of his recently launched project, Giggle Academy, an online educational platform providing accessible learning opportunities. He expressed his enthusiasm about dedicating more time and resources to this non-profit initiative, which will be part of his life moving forward.
Continuing Investment in Innovation
Despite the setbacks associated with legal issues in the US, including a hefty fine and compliance monitoring, Changpeng “CZ” Zhao remains undeterred in his support for technologies. He reiterated his investment strategy, which focuses on impact over returns.
Binance, under Zhao’s leadership prior to stepping down, played a pivotal role in shaping the digital asset exchange landscape. With Richard Teng now at the helm, Zhao expressed confidence in Binance’s ability to continue thriving without his direct involvement.
He noted,
“Binance seems to be doing well without me back-seat-driving, which is excellent. Every founder’s dream!”
Additionally, recently at the Token2049 conference in Singapore, Binance CEO Richard Teng disclosed that the platform has experienced a 40% growth in institutional and corporate investors this year. Teng emphasized that this is just the beginning of institutional involvement in the crypto market, suggesting that the current investment levels represent merely the “tip of the iceberg.”
Zhao also touched on plans to increase his philanthropic activities, with an emphasis on educational initiatives and charity. He mentioned having “rough ideas” about how he wants to structure these efforts.
More so, Zhao revealed that he is in the process of writing a book, which is about two-thirds complete. He shared insights into the challenges of book writing and his determination to see the project through.
Moreover, following the release of Changpeng Zhao, there is growing speculation about whether his future investment plans might drive Binance coin (BNB) prices towards a rally to $700.
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