In an update shared on X yesterday, CZ, who previously led Binance, laid out his plans for an educational project.
CZ expressed that this venture wouldn't roll out its token, promising more insights soon, later elaborating on the project via a tweet.
My next project. @GiggleAcademy (No logo yet)
Free foundational learning from primary school up to high school, open for everyone.
No revenue.
Gamified.
Adaptive.Read the Concept Paper at https://t.co/knqmZF0sQ8
We're on the lookout for talent. Join a tight-knit team working closely with CZ.
— CZ ???? BNB (@cz_binance) March 19, 2024
Giggle Academy
Per the concept explainer on the Giggle Academy website :
Giggle Academy is an online educational platform crafted to deliver inclusive, engaging, and adaptive learning to kids everywhere, especially in areas lacking traditional school access, like a teen who's never set foot in a classroom.
Features of Giggle Academy include:
- Free online lessons, encompassing grades 1 through 12 topics, from reading and writing to math, science, coding, and even business skills.
- Learning becomes a thrilling adventure with gamification; think badges, scoring, leaderboards, and structured learning paths.
- Tailored lessons designed to cultivate a student's natural talents and passions.
- Utilizes Soul Bound Tokens via blockchain to authenticate students' learning milestones.
- Built-in anti-plagiarism measures alongside AI-driven content reviews.
- Parents stay informed and motivated with detailed reports and updates.
- Supportive networks around students with peer-led tutoring and guidance.
- Bridging students to the workforce by matching certifications and competencies with employers.
- A unique chance for enthusiastic educators to create valuable content and receive ample rewards for their dedication.
CZ backs a robust, scalable answer to bring education where it's needed most, advocating that learning holds the key to numerous global challenges.
What Happens Next For CZ?
CZ's announcement stands out as one of the few since stepping down from Binance leadership last year. His departure included an acknowledged breach of anti-money laundering protocols as part of a $4 billion resolution with the U.S. authorities.
Even after retreating from the Binance CEO role, CZ plays a pivotal part in the cryptosphere. He once expressed a desire to pause after marathon working sessions. His enthusiasm for blockchain, Web3, DeFi, AI, and biotech ventures continues, as does his deeper focus on DeFi.
New Winds at Binance Under Richard Teng's Command
Under Richard Teng's guidance, Binance is demonstrating a shift towards regulatory compliance, launching new standards for token listings recently.
As per Bloomberg's report from March 15, aspiring Binance listees must now adhere to more stringent conditions, including a prolonged token lockup extending to a year.
Further, projects must earmark a bigger share of their tokens for Automated Market Makers while also providing a security deposit that may be seized if commitments are unmet.
More Oversight and Regulations
Binance's tightened listing benchmarks have sparked varied feedback. Some anonymous insiders feared these standards might impact Binance's market dominance. The exchange purportedly embraced these protocols in late 2023.
Post-2023 has seen Binance's market foothold pressured by legal wrangles with U.S. regulators as well as CZ's exit, yet it retains its position as the top crypto exchange by market share.
Earlier in the year, Binance enforced tighter rules to thwart leaks ahead of coin listings, adopting a zero-tolerance stance where leaks can lead to immediate delisting.
Elsewhere, Binance Labs, under Yi He's leadership, gains independence amid ongoing changes under Richard Teng and ahead of CZ's trial this April.
Despite settling with the DoJ and ongoing regulatory adherence, Binance grapples with litigation from the SEC.
A case filed by the SEC last June alleges Binance, its U.S. arm, and CEO CZ breached securities laws and mishandled management duties.
At the center is Binance's purported sway over assets owned by Binance.US users, potentially mirroring FTX's scenario. The WSJ indicates the SEC seeks evidence proving Binance and CZ's asset control on the U.S. platform.
