Changpeng Zhao, the founder and former CEO of Binance, has expressed concerns about current trends in artificial intelligence and cryptocurrency development. He believes developers often focus excessively on launching coins at the expense of creating beneficial products.
Advantages of Focusing on Products
Zhao points out that the real value of AI-based projects lies not in the coins themselves but in the solutions they can offer to improve users' daily lives.
Risks of Prioritizing Coins
Launching coins without functioning products can create misleading hype and undermine user trust in the market. Zhao argues for avoiding coin launches when there is no clear market need alignment.
Calls for Performance and Ethics
Zhao's message also touches on the ethical side, highlighting the importance of long-term project value over immediate financial gains. He stresses the need to focus on practical solutions to ensure sustainability and user trust.
Recognizing the importance of creating functional and relevant product solutions over chasing hype can lead to more reliable and trustworthy projects, benefiting both developers and users.
