Changpeng Zhao, co-founder and former CEO of Binance, speaks about blockchain's potential as a fundraising tool, citing the recent success of SaharaAI.
Changpeng Zhao's Statement
In a now-deleted post on X, Changpeng Zhao stated that fundraising is the ultimate 'killer app' of blockchain, referencing the recent successful fundraising campaign of SaharaAI, which raised over 16 million in BNB and 59 million USD.
Fundraising Highlights
According to the report, the SaharaAI project raised 777% more than its initial goal, which confirmed Zhao's assertion of blockchain's significant role in modern fundraising. He highlighted how companies are utilizing crypto-native technologies to circumvent traditional financial barriers.
Education and Blockchain
Following his departure from the CEO position at Binance, Changpeng Zhao launched the Giggle Academy initiative, providing free lessons in English, math, and blockchain for children in developing countries. Despite facing legal challenges, he continues to engage in education and advocacy for blockchain.
Changpeng Zhao's statements underscore the evolving role of blockchain in financial infrastructure and confirm that decentralized funding methods are becoming increasingly relevant in the modern world.
