CZ Questions AI Token Utility and Champions Genuine Value at Token2049 Dubai

Binance founder Changpeng ‘CZ’ Zhao took the stage at Token2049 in Dubai to discuss the transformative potential of artificial intelligence and blockchain technology. During a fireside chat with Real Vision’s Raoul Pal, CZ detailed his initiatives to provide free education to a billion children through Giggle Academy, which leverages AI-generated storybooks in 15 languages. He also underscored his advisory involvement with over a dozen governments, including aiding in the formation of Dubai’s crypto regulatory body, VARA. Highlighting the broad applications of blockchain beyond trading, such as managing land rights, digital IDs, and enhancing public services, CZ stressed that "the currency for AI is crypto." He critiqued the current state of AI tokens, noting that about 99.99% lack genuine utility and are merely created through token launchpads without substantial value. In addition, CZ provided his views on global crypto adoption trends, pointing to Europe’s lag, the success of countries like Bhutan and the U.S. with strategic crypto reserves, and the hindrance posed by high taxes in India. His commentary advocates for a shift towards token projects that deliver real, user-centric benefits rather than speculative hype.