Binance’s CZ Cautions AI Developers Against Rushing Token Launches

Binance founder Changpeng Zhao (CZ), a key figure in the cryptocurrency world, recently shared his thoughts on artificial intelligence development through his X account, advising developers to be cautious when launching tokens.

CZ expressed his concerns, pointing out that many AI developers seem overly focused on issuing tokens rather than building practical and valuable products.

He emphasized that creating robust intermediaries and establishing a solid product-market fit should come before considering token launches.

In his post, CZ highlighted the importance of prioritizing sustainable growth over quick token sales, suggesting that raising funds through tokens can be effective, but developers should concentrate on expanding their projects after the initial fundraising phase.

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Engaging with comments on his post, CZ reiterated his stance, noting that while token-based fundraising is a valid use of crypto, the real focus should be on development and growth after securing capital.

Alexander Stefanov