In the wake of Changpeng “CZ” Zhao’s departure as the CEO of Binance, a new frontier may be on the horizon for the crypto billionaire. Decentralized science, commonly known as DeSci is a rapidly evolving sector that aims to revolutionize medical research.
Following the conclusion of a US Justice Department investigation into Binance, resulting in a $4.3 billion settlement, CZ is mandated to pay $50 million personally and step down from his leadership role.
With newfound time and resources, the 46-year-old entrepreneur could explore the dynamic realm of DeSci, encompassing decentralized autonomous organizations (DAOs), biotech, financing, publishing, data storage, foundations, and more.
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DeSci Rising
DeSci is still in its early days, finding its footing in the wider scientific community. A spokesperson for OpSci, an autonomous research community grows faster when applying decentralized business models.