Changpeng ‘CZ’ Zhao, the founder of Binance, took the opportunity at Token2049 to discuss the transformative potential of artificial intelligence and blockchain technology across various sectors, including education, governance, and the adoption of cryptocurrency.
During a fireside chat with Real Vision’s Raoul Pal, CZ highlighted impactful initiatives such as AI-generated storybooks for children. This program, now available in 15 languages, has already reached over 220,000 children within six months. With the launch of Giggle Academy, CZ has set an ambitious goal to provide free education to up to a billion children worldwide.
CZ is Advising Dozens of Countries on Crypto Policy
His aspirations extend far beyond education, as CZ disclosed his advisory roles with more than a dozen governments. Notably, in the UAE, he played a crucial part in the establishment of Dubai’s crypto regulatory body, VARA. He underlined that the potential of blockchain technology surpasses mere trading, encompassing diverse applications such as land rights, digital identities, and international public services.
“The Currency for AI is Crypto”
“AI will change everything,” CZ asserted, emphasizing the technology’s capacity to enhance the creation of storybooks, ensure consistency in characters, and enable the development of more interactive applications. He regards cryptocurrency as the essential financial framework for AI agents, which he anticipates will soon operate autonomously in transactions. “The currency for AI is crypto,” he reiterated.
Additionally, CZ pointed out that, despite the presence of many AI agents carrying tokens, most fail to demonstrate real utility. He expressed a desire for agents that offer genuine value and meaningful applications, suggesting that many existing tokens created via AI token launchpads were ineffective. He estimated that “99.99% of them were useless.”
CZ on Global Crypto Regulations
Commenting on the landscape of global crypto adoption, CZ observed that Europe is currently trailing behind, while nations such as Bhutan and the United States are taking the lead with their strategic crypto reserves. He specifically addressed the situation in India, indicating that high taxes present a significant barrier to crypto adoption in the region. CZ called for more mission-driven founders in the Web3 space, urging entrepreneurs to prioritize the development of genuine, user-centric applications over the mere pursuit of token speculation.
Reflecting on the early days of Binance, CZ acknowledged that he had underestimated the rapid pace of the company’s growth and the substantial impact that stablecoins would have on the market.
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