- CZ emphasized that the currency for AI is crypto.
- He noted that AI ecosystems prioritize efficiency, with blockchain offering the ideal solution for fast, low-cost, and decentralized transactions.
- Binance Labs continues to expand its portfolio by investing in AI blockchain projects.
Former Binance CEO Changpeng Zhao (CZ) recently took to X to declare that “the currency for AI is crypto,” spotlighting blockchain’s ability to support AI transactions through its efficiency, low costs, and decentralization. This perspective has drawn considerable attention within the crypto community, prompting widespread discussion and analysis.
Crypto’s Role in AI Transactions
One user on X asked CZ which crypto tech AI would likely prefer for transactions. In response, CZ noted the practical advantages of blockchain, stating, “Efficiency wins over emotions for AI transactions.”
He highlighted how blockchain’s low-cost, decentralized, and fast transaction capabilities align perfectly with AI’s demand for precision and speed. CZ’s comments position cryptocurrencies as pivotal to AI-driven ecosystems, where efficiency and reliability are critical.
CZ on Binance’s AI Projects
When asked about his preferred AI project on the BNB Chain, CZ declined a direct answer. “Working with many projects on the BNB Chain. Don’t want to pick favorites yet,” he said. This response reflects Binance’s commitment to fostering innovation across various projects rather than focusing on individual initiatives.
Notably, CZ’s remarks and Binance Labs’ investments illustrate the growing convergence between AI and blockchain technologies. As the need for scalable and decentralized solutions expands, cryptocurrencies play an increasingly vital role in AI operations.
Related: Binance Labs Becomes YZi Labs, Targeting AI and Biotech Startups
Binance Labs’ Investment in AI Project
During this discussion, a community member highlighted Binance Labs’ extensive investment portfolio, which includes AI-focused projects Bittensor, the team behind the TAO token. Data from CoinMarketCap shows Binance Labs also invests in other AI crypto projects such as Injective (INJ) and Oasis (ROSE).
Related: Binance Labs Invests in Astherus’ Modular Blockchain for DeFi Growth
About 20% of Binance Labs’ investments come from the BNB Chain ecosystem through its Most Valuable Builder (MVB) program. This initiative supports blockchain projects, often focusing on AI and emerging technologies, further reinforcing the alignment between CZ’s views on AI-crypto synergy.
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