- Ex-Binance CEO, Changpeng Zhao, a.k.a CZ has launched a new play-and-learn initiative called Giggle Academy
- Giggle Academy will provide free grade 1 to 12-level basic education for children all over the world
- CZ considers this the most impactful project he could engage in for the next chapter of his life
Former Binance CEO Changpeng Zhao has launched a new educational initiative to grant children access to free basic education via a play-and-learn model. Zhao stepped down as the giant exchange’s CEO last November as part of a $4 billion US Department of Justice settlement. This new educational initiative would be the first time he’s come public with an important project since leaving Binance’s chief executive position.
Giggle Academy to Provide Free Basic Education For Children’s Worldwide
CZ first announced yesterday on social media that he’d be launching a new project, making it clear that it would be nothing about “new tokens” but an educational project. He’d later reveal the Giggle Academy educational project in a subsequent social media post just a few hours later. According to Zhao, Giggle Academy will offer free basic education for all through a gamified and adaptive learning process.
“Building a high-quality and sticky education platform that is entirely free and accessible to all is the most impactful thing I could do for the next chapter of my life,” said Zhao.
Giggle Academy’s basic concept is to create “interactive games” across different subjects to facilitate “fun and efficient” online learning. The initiative will allow any child with an internet connection to access these gamified learning materials from across the globe.
It targets “unprivileged children in developing countries” to equip them with knowledge in fields like “Basic reading and writing, language, literature, Math, Science, Physics, Biology, Finance.” The senior category of the play-and-learn project will offer Programming, Arts, and rarely-taught topics like EQ, Negotiations, Finance, Entrepreneurship, Sales, Legal or Accounting, Blockchain, and AI, as per the Giggle Academy concept paper.
CZ Unleashes Giggle Academy Website, Hiring Team To Work Directly With Him
Following the big announcement, CZ has also said his new project is hiring professionals across different fields to get it running. Among those professionals are “teacher(s) who can create digital content,” and other positions listed on the career tab of the project’s official website.
According to CZ, the conception process had him searching for something with the “maximum possible impact” that he could achieve in this world. After considering options like fighting corruption, world hunger, or delving into biotech, those didn’t quite meet his criteria because he wanted “something that I am good at and scalable.”
On second thought, working with teams to build software platforms is an area of expertise he’s mastered over the years. “This is scalable, and high impact,” said CZ, considering how he could reach millions of people globally via education, which he describes as “fundamental to everything in our world.”
CZ pled guilty to money laundering violations last year and bagged a settlement plea that cost him his position as Binance CEO and cost the exchange a whopping $4.3 billion. His sentencing was originally scheduled to be held on Feb. 23 but has now been postponed to April 30.