Museum of the Future to Host Binance Founder’s Lecture on Cryptocurrencies

Museum of the Future to Host Binance Founder's Lecture on Cryptocurrencies

The Dubai Museum of the Future will host Changpeng Zhao, Founder and CEO of Binance, the world’s largest cryptocurrency exchange by trading volume, to talk about digital tokens and blockchain technology and the central role of cryptocurrency. emirate in the globalization of the future of industry.

Zhao’s session is part of a series of nine “Future Talks” the museum will host from February 24 to March 29 and is open to the public free of charge, the UAE media office said. The museum opens on February 22.

The initiative is part of the museum’s mission to “create a platform where the world’s brightest minds meet and collaborate to design innovative solutions.”

During his keynote at 3 p.m. on February 24, Mr. Zhao will discuss his experience in founding Binance, as well as the potential of non-fungible tokens and his vision for the future of finance.

There has been growing interest in the cryptocurrency market in the UAE as consumers and investors flock to digital assets.

In December, the Dubai World Trade Center Authority and Binance signed a preliminary agreement to develop an industrial hub for global digital assets in the emirate.

The initiative will help accelerate Dubai’s plans to establish a new international ecosystem of digital assets, which in turn will generate long-term economic growth through innovation, the authority said at the time. .

Binance will also host its Digital Blockchain Conference in Dubai from March 28-30.

Countries that don’t adopt cryptocurrencies sooner will be left behind, Zhao told Gitex Global in October, as he warned that a lack of awareness of the benefits of digital assets will create a chain reaction. which would therefore be a setback for progress. .

He acknowledged that it will take decades for fully-fledged regulatory frameworks to be developed and implemented. However, the rapid pace of adoption could prompt governments to speed up the process, he said.

“Inspiring Journey”

Mr. Zhao’s “successful life story” will serve as an inspiration to young people to face challenges and achieve their dreams, the UAE media office said.

Having moved from China to Canada, he had to work at McDonald’s outlets and gas stations during his teenage years. Later, he got into freelance trading by setting up a brokerage platform called Fusion Systems in Shanghai.

Mr. Zhao was a member of the founding team of Blockchain Info, before moving into a senior role at cryptocurrency firm OKCoin. He left that position and founded Binance in 2017 after raising $15 million from an initial cryptocurrency offering.

In 2018, Zhao launched Binance Smart Chain, which focuses on decentralized finance solutions.

His current net worth is $72.2 billion, making him the 15th richest person in the world, according to the Bloomberg Billionaires Index.

The billionaire announced last November that he had bought an apartment in Dubai, which he described as a “city friendly to crypto-financial solutions”.

The Future Talks series at the Museum of the Future will focus on opportunities in cryptocurrencies and NFTs, the future of mixed reality, mobility, the metaverse, finance and technology, and the state of the world in 2022, among other topics.

Updated: February 22, 2022, 12:23 p.m.