The ‘Bitcoin Academy’ will consist of a 12-week educational course for residents of the Marcy Houses in Brooklyn, where JAY-Z grew up.
The Academy will be free to residents and provide both in-person and online courses two times a week for 12 weeks, beginning June 22, with classes focusing on topics like what, exactly, cryptocurrencies are, what the blockchain is, how Bitcoin is mined and used and how to protect against scams.
Jay and Dorsey both directly contributed funding for the program, which is also being supported by Dorsey’s bitcoin-centric company Block — which last May for $302 million when Block was still known as Square, after which JAY joined the company’s board — and JAY’s Shawn Carter Foundation, for which his mother“The Shawn Carter Foundation has always been about providing educational access and opening doors of opportunity to underserved communities,” Gloria Carter said in a statement. “No one should be left out or behind.
This initiative is just the latest in JAY’s and Dorsey’s forays into the crypto and metaverse worlds. The two invested in an endowment fund called ₿trust with the goal of promoting bitcoin development in Africa and India last year, while JAY has used VC investment firm Marcy Venture Partners, which he co-founded alongside Roc Nation chairman
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