- CZ has announced a new project.
- The project has a unique proposition, sidelining crypto.
- Active hiring for members of the project is ongoing.
Changpeng “CZ” Zhao, the founder and former CEO of the world’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 “Maximum Positive Impact”
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 “no revenue, gamified, and adaptive” 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 CZ’s new project said the platform’s main objective is to provide underprivileged children in developing countries with content covering education from grades one to 12.
“I thought about what to do next for a few months,” CZ said in the paper. “This 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.”
While Changpeng Zhao stated in a separate that Giggle Academy will not be involved with cryptocurrencies, the concept paper discussed the possibility of integrating a “learn-to-earn” 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 Binance’s billion-dollar plea isn’t a turning point for crypto regulation:
Why Binance’s $4.3B Plea Isn’t a Turning Point for Regulation
Stay updated on why the SEC had turned down Binance’s motion to dismiss a regulatory lawsuit:
SEC Dismisses Binance Motion to Toss Lawsuit as “Theatrics”
