[CZ: BNB was initially just a 'token' for fundraising but has now become an ecosystem independent of Binance] Odaily Planet Daily reports that Binance co-founder CZ shared an interview on the X platform, stating that in 2017, when they were just starting out, BNB was merely an ERC-20 token on Ethereum, initially intended as a 'token' for fundraising. At the time, they considered that Binance needed to create its own blockchain that was open and decentralized, but they never imagined it would develop into what it is today. Over the past two years, CZ has been preoccupied with legal issues in the U.S. and hasn’t spent much effort on BNB or increased investment in the BNB Chain. The community has been developing on its own, and BNB has held its ground. Starting this year, Binance has begun increasing its investment, but even so, the BNB Chain is still somewhat of a 'work in progress,' and the ecosystem appears relatively immature. Initially, some people wanted to call BNB 'Binance Coin,' and indeed, it was called that at first. However, they later wanted to shed the Binance label, and it has now become an ecosystem independent of Binance, evolving into multi-chain native assets like BSC, Greenfield, and opBNB, forming a financial ecosystem that includes DEXs, derivatives, lending, and stablecoins. CZ added that at the time of the interview, the price of BNB had not yet reached $1,000 and was only around $800.