The speech by Changpeng Zhao (CZ), co-founder of Binance, focused on the utility of cryptocurrency in the era of artificial intelligence (AI) during the Token2049 event in Dubai.
The speech by CZ offered a deep analysis on the integration between blockchain, cryptocurrencies, and AI agents, highlighting both the opportunities and the critical issues of the emerging market.
Binance and CZ analyze the future of AI tokens and blockchain at Token2049 Dubai
During the event Token2049 Dubai, CZ explained how artificial intelligence is revolutionizing different sectors, from education to governance.
A concrete example concerns its educational initiative, Giggle Academy, which offers AI-generated storybooks to children in 15 languages, reaching over 220,000 young readers in just six months.
The stated goal is ambitious: educate for free up to one billion children worldwide.
This initiative clearly shows that the combination between AI and blockchain can go far beyond finance and trading, extending also to educational and social services of global reach.
CZ emphasized the importance of blockchain as a fundamental solution in various fields, such as land rights, digital identities, and cross-border public services.
Through his role as a consultant for over a dozen governments, including the United Arab Emirates, CZ has contributed to the creation of regulatory bodies like VARA in Dubai.
These entities represent a crucial step towards effective regulation and the responsible adoption of decentralized technologies.
The most relevant message that emerged from CZ’s speech is that cryptocurrency represents the natural currency for artificial intelligence. In fact, the most advanced AI agents are integrating specific tokens to operate within decentralized ecosystems.
According to CZ, AI will radically change many aspects of digital and financial life: it will be able to, for example, optimize content creation, improve the coherence of virtual characters, and make applications more interactive.
In this perspective, the cryptocurrency is the ideal financial instrument to enable these evolutions.
A critical analysis of current AI tokens
However, CZ expressed a clear judgment on the AI tokens currently available on the market. He described most of them as “devoid of real utility” and criticized the “launchpads” that allow the creation of AI agents and tokens with a simple click.
Speaking in a determined tone, he stated that “99.99% of these tokens are useless”.
This point of view invites those working in the sector to seriously reflect on the concrete value that can be generated and to avoid simple speculation or the proliferation of projects without solid foundations.
In CZ’s speech, a comparison also emerged between different geographical areas regarding the regulation and adoption of criptovalute.
– Europe: according to CZ, it is lagging behind other regions in supporting the crypto ecosystem.
– Bhutan and United States: they are noted as proactive countries, with strategic reserves in cryptocurrencies.
– India: presents a significant obstacle due to a burdensome tax system that limits the spread of cryptocurrencies.
Furthermore, CZ suggested to the founders of Web3 projects to focus primarily on real and user-friendly applications, instead of merely chasing the “hype” created by the tokens.
This advice emphasizes the importance of building products that meet the concrete needs of end users, improving the experience and usability compared to the simple enhancement of digital assets.
CZ’s Reflections on Binance’s First Steps
During his speech, CZ recalled how, at the launch of Binance, he underestimated the speed at which the crypto ecosystem would grow. He also acknowledged the growing importance of stablecoin, key instruments for ensuring stability in digital markets.
These passages represent an important snapshot of the rapid and sometimes unpredictable escalation of blockchain and cryptocurrencies in recent years.
The speech by Changpeng Zhao at Token2049 Dubai clearly highlighted the enormous potential but also the challenges related to the interaction between artificial intelligence and cryptocurrencies.
CZ’s vision invites us not to stop at passing trends, but to focus on the actual utility of tokens and decentralized technologies.
Therefore, the key message is that cryptocurrency is not just a speculative asset, but a true infrastructure to enable the digital revolutions offered by AI.
This radically changes the way we perceive both digital finance and artificial intelligence applications in the near future.
Ultimately, the sector is called to a momentum towards responsible innovation and the conscious adoption of blockchain tools, with a focus on effective regulations and concretely useful projects.
Only in this way will it be possible to transform the crypto and AI ecosystem into an inclusive and sustainable growth engine for the entire world.
