Crypto Exchange Binance plan to provide Web3 education scholarships as part of its Scholar Program
As part of the Binance scholar program, the Binance Charity philanthropic branch of the Binance exchange has announced its plan to provide over 30,000 Web3 Education Scholarships. BCSP was planned in July 2022 and has received more than 82,000 applications, according to the blog post on the crypto exchange’s website, Binance Charity.
The Binance Charity Scholar Program will offer Web3 courses with the intention of students upskilling without having to overcome unnecessary financial barriers. Around 36,500 slots were awarded back in 2022, with around 67,155 applications approved for funding, while the remaining 30, 655 places are to be allocated in 2023. The support for Binance Charity will come from Binance Academy. The response to our Web3 education projects has been unprecedented, showing the keen appetite of so many people to learn about blockchain, De-Fi, NFTs, coding, and much more,” said Helen Hai, Head of Binance Charity Foundation.
Crypto exchange Binance is gearing up to bring greater educational opportunities in the rapidly emerging Web3 space. The Binance Charity Scholar Program serves as a platform to support students with course fees, and offer work opportunities for them to seek experience. Binance has distributed over US$2.2 million in Binance USD to prominent educational institutions across countries for implementing BSP. The University of Western Australia, the University of Nicosia in Cyprus, the Frankfurt School of Finance & Management in Germany, and the Utica Technology Hub in Nigeria are all participating as educational partners They have partnered with and funded Nigerian-based tech school Utica by offering Web3 education to 50,000 students. BCSP has collaborated with the Ukrainian Ministry of Digital Transformation to help all the Ukrainians who have lost their job due to the war with Russia. To help female entrepreneurs l, three thousand women in rural South Africa and Brazil will participate in training programmers run by women in tech. Mainly, Binance Charity’s support comes from Binance Academy which is a non-profit blockchain educational portal of Binance. Over US$3.5 million was raised towards Binance Charity which provides 2,90,000 hours of Web3 Education and training and the vast majority of the fund was donated to BUSD.