Binance Charity, the charitable arm of the Binance Exchange, has declared its intention to grant over 30,000 Web3 education scholarships through its Binance Scholar Program.
Binance Charity stated in an official blog post on the crypto exchange’s website that it has handled over 82,000 applications to the Binance Scholar Program since the initiative’s inception in July 2022.
Thus far, 67,155 of these submissions have been authorized for funding, with 36,500 slots provided in 2022 and the other 30,655 slots to be distributed in 2023.
The reception to Binance Charity Foundation’s Web3 education programs has been exceptional, according to Helen Hai, Head of Binance Charity Foundation, demonstrating the eagerness of so many people to learn.
The Binance Scholar Program is a platform that offers free access to the skills, information, and expertise needed to explore a career in the web3 space to anybody who is interested.
The BSP is meant to assist its participants at every level of their Web3 career, from paying tuition and course costs at top educational institutions to providing employment chances to develop expertise.
Binance Charity distributed around $2.2 million (in BUSD) in 2022 to important educational institutions and organizations from numerous countries, including Nigeria, Germany, Senegal, Australia, South Africa, France, Cyprus, Ukraine, and Brazil, in order to implement the BSP.
One of these academic institutions is the Nigerian-based tech school Utiva, with whom Binance Charity collaborated to fund the Web3 education of 50,000 students while also offering 1,000 scholarship spots to an exclusive one-year thorough training program aimed at assisting participants to gain work in the blockchain industry.
Binance Charity has also developed a partnership with the Ukrainian Ministry of Digital Transformation and the renowned tech community Lviv IT Cluster to aid Eastern Ukrainians who have lost their jobs as a result of the ongoing conflict with Russia.
The scholarship program will focus on providing these people with the knowledge necessary to re-enter the labor force.
The University of Western Australia, the University of Nicosia in Cyprus, the Frankfurt School of Finance & Management (Blockchain Center) in Germany, the French-based tech school network Simplon, and the Women In Tech organization are among the other prominent educational institutions and groups associated in the scholarship program.
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