Is a degree important in Web3? Examining the phenomenon of demystifying education in the crypto world through the KOL controversy and Binance founder Zhao Changpeng's posts.

In the dispute between KOL Feng Wuxiang and Huma Finance, the issue of educational background in the crypto world has also been brought up. The reason is that a member of the Huma Finance team, @jcmeowjc from Harvard University, responded to Feng Wuxiang. The sentiment in the crypto world seems to be that these highly educated individuals come into the crypto world with a superior attitude, and without their impressive educational backgrounds, they are no better than others. Additionally, Binance founder CZ also shared his views on education in the Web3 industry on Twitter.

CZ: A high education does not necessarily adapt to the crypto world filled with losers.

CZ wrote on Twitter: "Recently saw some discussions about education, and I want to share some unconventional thoughts. There are many talented individuals in prestigious schools, and as a dropout myself, I can only admire and respect them. But education does not equal IQ, and IQ does not equal success. Currently, there are also many issues in the education system. A high level of education may just mean being good at writing papers and taking exams. People from prestigious schools often cherish their reputation and may not necessarily adapt to the gritty cryptocurrency industry or the startup world. What a waste of degrees! Some might be better suited to work in shiny big companies."

He also added, "Many successful entrepreneurs were the troublemakers in school, often scolded by teachers. But they are all people who can stir things up. Of course, this cannot be generalized. Prestigious schools are just sour grapes for me."

Changing the subject, he mentioned the project he is working on, Giggle Academy: "Giggle Academy will not focus on helping students obtain a high school diploma or a university degree. That is not the goal. GA will focus on helping students find jobs. Without a degree, GA students also do not need to write resumes. GA will provide recruitment companies with big data support. For example, Student A is in the top 5% for mathematics and programming, judged by the speed and accuracy of their interactions with the app. Student B is in the top 1% for emotional intelligence and compassion, having completed thousands of hours of volunteer work, assisting students in small classes, etc. Education does not equal academic qualifications."

Wu said: It’s funny to emphasize academic qualifications in the crypto world; those who truly have good qualifications don’t often show off.

Colin Wu, the editor-in-chief of the media, said: "Of course, those with Ivy League or Qingbei as their first degree tend to have higher IQs or come from better families, but they don’t seem to flaunt it much. Generally, it’s those who spend money to pursue a second degree who show off. In the crypto world, which should advocate for crypto punk culture, emphasizing educational background makes it even more ridiculous. VB and CZ both dropped out in Canada, and they value self-directed learning and achieving results on their own as more important."

Is academic background important in Web3? The phenomenon of demystifying academic qualifications in the crypto world can be seen in the KOL controversy and in the posts of Binance founder Zhao Changpeng, first appearing in Chain News ABMedia.