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Changpeng Zhao advocates for 'real' blockchain applications instead of Memecoins
According to Cointelegraph, Changpeng Zhao called on the crypto community to prioritize real blockchain solutions over memecoins, emphasizing changes in market dynamics.
Former Binance CEO Changpeng Zhao urged the crypto community to shift focus from memecoins to building 'real' blockchain applications.
On November 26, CZ expressed his growing dissatisfaction with the memecoin ecosystem. In an X post, Zhao stated that memecoins have become 'a bit weird' instead of being as fun as they were in the early stages.
CZ resigned as CEO of Binance in November 2023 as part of a plea agreement with prosecutors that requires him to pay a $50 million fine and prohibits him from 'participating in the operation or management' of Binance now or in the future. Since then, the entrepreneur has shifted his focus to supporting grassroots development and education in Web3.
Former Binance CEO Changpeng Zhao urged the crypto community to shift focus from memecoins to building 'real' blockchain applications.
On November 26, CZ expressed his growing dissatisfaction with the memecoin ecosystem. In an X post, Zhao stated that memecoins have become 'a bit weird' instead of being as fun as they were in the early stages.
CZ resigned as CEO of Binance in November 2023 as part of a plea agreement with prosecutors that requires him to pay a $50 million fine and prohibits him from 'participating in the operation or management' of Binance now or in the future. Since then, the entrepreneur has shifted his focus to supporting grassroots development and education in Web3.
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