Evolution with Binance Charity – The Cryptonomist

Binance Charity, the philanthropic arm of Binance, the world’s leading provider of cryptocurrency and blockchain infrastructure, reveals that applications for studying Web3 have reached 82,200 in just six months. 

In addition, more than $2.2 million in BUSD was donated during 2022 with projects in France, Senegal, Nigeria, Australia, Germany, Cyprus, Ukraine, South Africa, and Brazil offering students the opportunity to study Web3-related courses for free.

Binance Charity: what does the future with Web3 include?

As anticipated, Binance Charity is working on education relating to Web3, in particular for younger people. In fact, so far its donations have funded 259,180 hours of training and education in classrooms, bootcamps and community workshops. 

What’s more, in total Binance Charity has budgeted to offer 67,155 scholarship places, although many of these have yet to be opened to applications. Binance Charity is also partnering with Binance Academy and a number of leading academic and professional institutions to implement these projects. 

These include: University of Western Australia, University of Nicosia, Frankfurt School of Finance & Management, Blockchain Center, Simplon, Utiva, Women in Tech, Kyiv IT Cluster, and the Ministry of Digital Transformation in Ukraine.

Helen Hai, head of Binance Charity, said on the subject: 

“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. And, we’re seeing interest from a diverse range of people, including a great ratio of women, which is something I feel particularly passionate about. 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.”

In addition, Binance Charity is also focused on social issues. Indeed, in June, IT Generation kicked off the global Binance Charity Scholar Program, an initiative designed to help eastern Ukrainians, who lost their jobs due to the war, retrain and re-enter the job market in western Ukraine, in partnership with the Ministry of Digital Transformation.

Other Binance Charity projects: women and unemployment 

Binance Charity’s initiatives do not end there. In fact, the other projects promoted include vocational training for 10,000 people, including a specific course for 2,000 women that reduces the gender gap in the ecosystem and increases the diversity of the talent pipeline with the Frankfurt School of Blockchain, in Germany. 

Whereas in France, Binance Charity partnered with Simplon to enable 10,000 people from disadvantaged communities, where unemployment is rising rapidly, to learn, study and enter the growing blockchain industry.

Terry Genly, a Simplon student, spoke enthusiastically about the initiative: 

“What we saw was really interesting – I knew a little bit about the world of cryptocurrency before, but this time I really got to learn about blockchain technology. It was really clear– I had no idea you could do so much with it. I can’t wait to learn more.”

They are also working with Women in Tech in Brazil and South Africa to provide vocational training to 2,800 women in rural communities, creating future female entrepreneurs and new jobs. 

With UTIVA in Nigeria, the goal is the same: to educate 50,000 young people on Blockchain and Web3 and provide scholarships to 1,000 Africans in an intensive one-year training program, supporting them in their transition to the world of work.

It is worth mentioning that courses offered by Binance Charity are available both online and offline, ranging in length from short introductory classes to a 12-month commitment. Topics include blockchain application, coding, cryptocurrency, decentralization, NFTs, Metaverse, Fan tokens and Trading. Furthermore, some interesting surprises will be announced later in the year. 

Let’s delve deeper: Binance Charity in collaboration with UTIVA

As anticipated above, Binance Charity is making a special effort in its collaboration with UTIVA in order to educate African youth on Blockchain and Web3. 

Specifically, UTIVA is a technology training company located in Africa that helps young people acquire technology skills. 

The partnership between the two aims to educate 50,000 youth on technology and provide scholarships to 1,000 Africans in a one-year intensive training program. The educational program targets young people (18-35 years old) from more than 19 countries across Africa. 

It consists of virtual workshops, held every weekend for 12 months, in which students will learn technical skills and access virtual mentoring as part of job design. 

In addition, students participating in the training will have access to fully-funded one-year scholarships that will provide free access to Utiva’s best technology training. The collaboration aims to build a path to economic prosperity for the continent through skills training and access to vast job opportunities in the technology and Web3 sectors. 

Launched at the Utiva office in Lagos Nigeria on Thursday, 20 October 2022, the workshop hosted about 50 young people who will be part of the first cohort to access fully funded training and sponsorship. 

Eyitayo Ogunmola, CEO of Utiva, said in this regard: 

“Africans are talented and hardworking, but most of the time resource limitations can be a major constraint when pursuing a laudable aspiration like moving into technology. We are super excited that Binance Charity understands the African pain point and has partnered with us at Utiva to help thousands of Africans and break down the barrier to entry for many.”