In a recent interview with TechCrunch. Binance CEO Changpeng "CZ" Zhao
spoke about investing a combined $1 billion investment fund from
Binance and partners to focus on growing and developing blockchain
technology.
Zhao spoke about the investment fund as being 20% of Binance funding with
the additional funding coming from eager partners. The Binance CEO stated
When Binance invests in a project, everybody else rushes in.
CZ makes mention that Binance do not want to be a major shareholder, but
rather help the other project grow and they do not want to control those
projects.
CZ talks about the focus for Binance being blockchain infrastructure
projects and "anything that can help the blockchain ecosystem grow".
Blockchain specific technology mentioned include faster blockchain,
safer wallets, and easier to use wallets.
The Binance CEO reiterated that they like teams that are very technical
but lack the marketing and finance and need funderaising to assist
them. CZ noted that "if Binance participates in any project, they
(the project) will never have to worry about money".
The investment fund will be a major boost for the blockchain sector
and smaller projects looking to grow adoption and usability.
Hi! Friends
What is your opinion About Binance CEO decision?
Reply me and Don't forget to upvote and Follow
Thank You