Key Notes
Zhao’s edutech project for cryptocurrency aka Giggle Academy, saw 90% of its contributions coming from just one meme coin.
He added that all contributions to the free education platform will be in cryptocurrency, fully on-chain and traceable.
The Binance founder confirmed he will not hold any of the donated meme coins to avoid conflicts of interest.
Binance founder Changpeng Zhao (CZ) has taken a 180-degree turn on meme coins after his edtech venture Giggle Academy secured $1 million in donations. From “meme coins have no utility” to “meme coins have utility”, CZ has completely changed its stance in a year’s time.
Interestingly, Zhao stated that 90% of the contribution came from a meme coin. The latest development comes as speculations are ripe that CZ could be returning to