Changpeng “CZ” Zhao’s new education initiative, Giggle Academy, is off to a phenomenal start. The initiative has already garnered a whopping $3 million in BNB in community Giggle Academy donations within just 36 hours of its public release. Everything collected will be managed with utmost on-chain transparency.
A Shock Rise from a MemeCoin
The fundraising story takes an interesting turn. CZ revealed that a staggering 90% of the very first $1 million raised in the first 12 hours came from one meme coin. This dramatic donation even affected his view of the much-maligned asset class.
“This is going to totally change my perception on memecoins… Memecoins are useful!” Zhao posted on X. He thanked for the gift donation, even though he doesn’t know the coin’s developers, highlighting an original, constructive use of meme coins.
Commitment to Transparency and Growth
CZ highlighted that each dollar spent will be out in the open on the blockchain. This is meant to show how cryptocurrency can be used openly to finance meaningful social programs such as free education.
In addition, he pledged to personally fund all running expenses, including salaries and servers. This guarantees that all Giggle Academy donations will go strictly towards rewarding content creators, scaling the platform, and spreading its educational materials.
No Token, Long-Term Vision for Giggle Academy
In the future, CZ unequivocally indicated that Giggle Academy would not have its own token. He does not want to complicate the mission of free education with tokenomics. Rather, the project is looking at long-term sustainability for the next ten years with the hope of being sustained by donations from its future alumni and the public.
