CZ: The CEO opens up after his event in Paris

During Binance Blockchain Week, Binance founder and CEO, the famous CZ, spoke on numerous occasions over the three days to share his vision for the future of the ecosystem and Binance’s place in Web3. Finally, it was during a massive AMA that we were able to learn more about many topics.

First questions about CZ . easier to understand

First, CZ answered a question about insuring funds on Binance, a very important topic for many investors. CZ told us that a special fund has been set up for this, it can be accessed on the blockchain and is separate from Binance’s business, it would hold more than a billion dollars to avoid any problem.

Then he was asked a question about the metaverse. For CZ, it’s still too early to know what tomorrow’s metaverse will be like. In particular, CZ underlined very important points for the future of the metaverse such as in the medical sector, for artists and to create new experiences.

CZ was able to answer a particularly important point during another question: he claimed not to be the right person for a project or a company. Indeed, CZ considers itself an engineer and does not work on finding new Web3 nuggets. For this, CZ advises start-ups to turn to Binance Labs via the Binance site.

Probing questions to identify key issues

CZ has elaborated its vision on the key axes to change the skeptics at the heart of governments, regulators and the general public.

It all starts with education according to CZ, Binance has launched free masterclasses, easily accessible on their site, and offers more and more free content in various forms, videos, texts, live…

To reach politicians, Binance, and especially CZ, travels a lot to discuss and educate the different political classes of many countries.

In addition, CZ advocates easier use of cryptocurrencies, to reach the general public, and believes that the best argument for buying cryptocurrencies remains the use and impact in itself.

The goal is to make the general public understand that if they don’t learn about cryptocurrencies, they will lose money in the long run.

We are already at 1-5% global adoption and the adoption curve is still exponential according to CZ.

One of the key points of his speech concerns the responsibility of Web3 companies, who must also educate and educate regulators. Regulators are often unaware of all the problems and difficulties Web3 companies can face.

Final questions are about working at Binance

Working from home is a blessing for CZ, especially for employees who live far from their office and have to work long hours on public transport or in the car. The work culture at Binance is very flexible, it is always possible to take a moment for yourself, it also encourages employees to take late calls in their time zone to communicate with other employees in another time zone.

Lately, CZ has been emphasizing an important ability to succeed in Web3 and probably in life: being flexible. Binance has always known how to adapt, change plans and understand how to react to new web3 trends, be it DeFi, NFTs or other revolutions.

Binance is making progress on all fronts be it regulation, crypto adoption or corporate policy. Such events show the growing ambitions of the company founded by CZ.

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Alexis Skate Avatar
Alexis Patin

Observer of the monetary, economic and social revolution.

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