Binance Charity, the exchange’s charitable arm, will provide 3065 students with scholarships who are eager to pursue a Web3 career in 2023.
In a blog post published on January 20, the leading exchange asserts that the Binance Charity Scholar Program (BCSP) will offer free Web3 education and training classes that will allow technology and software students to continually improve without being required of any unnecessary financial barriers.
“We recognize that digital education and skills development can be out of reach for many, resulting in a blockchain industry that lacks diversity and talent.”
The post states that “the Binance Scholar Program changes all that, covering the costs of tuition and course fees at some of the world’s leading universities, colleges, and vocational training providers.”
According to the post, approximately 82,000 applications expressed interest in joining the upcoming BCSP cohort, amounting to an admission rate of roughly 37%. The University of Nicosia in Cyprus, the University of Western Australia, the Frankfurt School of Finance & Management in Germany, and the technology cluster Utiva in Nigeria are just a few of the educational partners taking part.
Binance Academy is also a Part of BSCP
Notably, Binance Academy, the crypto platform’s non-profit blockchain education platform, will provide cooperation and support to Binance Charity.
The majority of the more than $3.5 million raised by Binance Charity in 2022 came in the form of BUSD, which helped fund more than 290,000 hours of Web3 education and training programs.
Helen Hai, the CEO of Binance Charity, claimed that the program’s popularity is exploding. She said:
“We’re seeing interest from a diverse range of people, including a great ratio of women […] With so many more education initiatives with amazing partners in the pipeline, we’ve never been more excited to build a more inclusive Web3 world,”
Notably, on December 8 last year, the leading exchange and MasterClass teamed up to offer a course on cryptocurrency and blockchain technology. Binance and Coinbase collaborated to create the class in an effort to improve the ecosystem and prevent new users from suffering financial losses.