Changpeng Zhao announces new project ‘Gigle Academy’ despite potential legal uncertainty

After keeping his distance from the social networking space, the founder and former CEO of Binance Changpeng Zhao It seems to be on the way back. In a post on X, Zhao said he was going to start a new project called Giggle Academy. It is a free-for-all education project that aims to provide basic education for grades 1-12 through engaging, interactive games. According to Zhao, no crypto tokens – existing or new – are part of the project.

Zhao resigned from his post. CEO of Binance Last year, he pleaded guilty to violating anti-money laundering and sanctions laws in the United States. He now faces possible jail time, with a decision expected around April 30 when Zhao is scheduled to appear in court for the ruling.

Despite these legal uncertainties, Zhao has decided to go ahead with the launch of Giggle Academy. Zhao is hiring a small team, including teachers who can create digital content, to run the project and report directly to him.

Zhao said On the official website of this Virtual Academy.

In the project’s white paper, Zhao mentions that the educational project aims to provide access to underprivileged children in developing countries. In addition to basic school subjects such as languages, mathematics, science and biology – Zhao is trying to include subjects such as Blockchain, A.Ifinance, negotiation, and entrepreneurship among others.

Zhao is demystifying the game of learning – aiming to reward students. NFT Badgesscores, and ratings.

“Education is fundamental to everything in our world. My area of ​​expertise is building (teams to build) software platforms. We can reach millions of people (with one team). It’s scalable, and That way there is more impact,” Zhao added.

The former CEO of Binance has been released on a $175 million (roughly Rs 1,450 crore) bond in the US. Confession of crime on money laundering violations in November. His plea included a fine of $50 million (about Rs 414 crore) and demanded that he step down as Binance’s chief executive.

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