crypto-news-flash.com
- Giggle Academy successfully raised over $1 million from public contributions, with much of the support funneled through its native memecoin, “Giggle.”
- The platform aims to include topics, such as blockchain, AI, and negotiation, which are often omitted in conventional schooling.
Changpeng Zhao (CZ), the co-founder and former CEO of Binance, shifted his focus from running the world’s largest crypto exchange to creating Giggle Academy, an educational platform to provide free K-12 education worldwide. The project plans to roll out in phases and offer traditional subjects like math, reading, writing, and science.
One unique feature about it is that it also offers non-traditional courses in areas such as negotiations, finance, entrepreneurship, sales, legal, accounting, blockchain, and artificial Intelligence (AI). Giggle Academy seeks to bridge these overlooked areas, choosing to leave out history and religion in order to create a universally accessible curriculum.
Meme Coin and CZ’s Perception
In a recent post on X, CZ revealed just how quickly the project is gaining traction: “Crazy that GiggleAcademy received more than $1m in donations in the first 12 hours of the feature being online. Way beyond my expectations. Lots of good people out there. Lots of good crypto people. 90% of the donations so far came from a meme coin. I still don’t get how a $5m market cap coin can generate $900k in fees in 12 hours for donations. I don’t know who created it or how the smart contract was coded. But thank you! This will forever change my perception of meme coins. Meme coins have utility!”
A significant share of the $1 million raised was contributed via “Giggle,” a memecoin created by the Giggle Fund. The token’s trading fees are automatically redirected to Giggle Academy in the form of BNB, offering a novel application for meme coins.
For years, meme coins have been dismissed as speculative tokens with no real-world utility, often fueled by hype rather than substance. However, the success of Giggle Academy’s fundraising has challenged that, showing how meme coins can, in fact, serve a tangible purpose. CZ admitted he was surprised by the scale of support, calling it a moment that shifted his own views on the potential “utility” of meme coins.
He also emphasized that Giggle Academy has not created its own token and has no plans to launch one, noting: “I don’t want to complicate a free education platform with tokenomics.”
CZ assured the community that all donations will be directed toward incentivizing contributors and accelerating the academy’s growth. He made it clear that the funds will not be used to cover salaries or server costs, which he pledged to pay personally for the foreseeable future.
The founder shared his long-term vision for Giggle Academy, expressing confidence that the platform can sustain itself within five to ten years through donations from alumni who benefit from job opportunities thanks to the education they received, as well as support from the broader public.
Speaking earlier at Token2049 in Dubai in April, he revealed his goal of providing free education to 100 million to 1 billion children worldwide in the coming years.
In other news, the Binance Coin (BNB) has reached a new all-time high of $1,080, before pulling back slightly to around $1,020.78, about 4% below its peak.