Binance founder Changpeng Zhao (CZ) shared insights on blockchain practices during the BNB Chain's fifth anniversary event. CZ recounted his early experiences trading memecoins on the BSC network, highlighting challenges and differences in user experience compared to centralized exchanges, despite his interest in Trust Wallet and PancakeSwap. He noted that while memecoins are entertaining, their sustainability remains questionable. CZ emphasized the potential and challenges of real-world assets (RWA) on the blockchain. He pointed out that financial assets face compliance issues related to securities or commodities, while other asset types must address liquidity and redemption challenges. CZ mentioned ongoing discussions with institutions like BlackRock, acknowledging the practical issues that need resolution, which he sees as valuable exploration.