Binance CEO and founder Changpeng Zhao made headlines outside of his typical web3 wheelhouse as an investor in Elon Musk’s Twitter acquisition. Zhao, who invested $500 million, said at the Web Summit in Lisbon, Portugal this week that he would consider joining the social media company’s board if Musk asked him to.
But why is he eager to meddle in the messy process of running a social media company when that seemingly has little to do with crypto, Binance’s core business? What’s essentially in there for the exchange?
We attempted to answer that question in this Thursday’s episode of Chain Reaction, where we unpack and explain the latest crypto news, drama and trends, and break things down block by block for the crypto curious.
You can listen to the whole episode below:
In this episode we also talked about:
NFT Marketplaces Like LooksRare and Magic Eden are Pulling the Plug on Creator Royalty and How the Decisions Could Affect Web3 Artists Speaking of Zhao, he’s one of the speakers joining us at our upcoming November 17 crypto event in Miami and we’ll be sure to ask him about his plans for Twitter. If you’re interested in hearing more, you can use promo code REACT to get 15% off a general admission ticket to the event. Chain Reaction comes out every Tuesday and Thursday at 12:00 p.m. PT, so subscribe to us on Apple Podcasts, Spotify, or your favorite pod platform to stay up to date.