Binance founder Changpeng Zhao expressed concerns about the rush for token launches among AI developers, emphasizing the importance of building quality products.
Warning from Binance Founder
Changpeng Zhao, the head of the world's largest cryptocurrency exchange, is closely following emerging trends in the crypto sphere. In a statement on his X account, he addressed AI developers, advising them not to rush into token issuance without first ensuring a product-market fit.
Priorities in AI Development
Zhao noted that many developers prioritize token launches over building truly useful products. He stressed that developers should first focus on creating high-quality intermediaries and only then achieve a clear product-market fit.
CZ's Responses to Comments
Zhao did not leave the comments under his post unanswered. He responded to a comment by saying that raising money using tokens is a strong use case for crypto, but developers should focus on growing after collecting, not just selling tokens.
Changpeng Zhao's statement highlights the importance of responsibility in the approach to developing and launching new products in the fields of artificial intelligence and cryptocurrency.
