The Binance Scholar Program that was launched last year has drawn a huge amount of interest, and Helen Hai said she is excited about Binance’s upcoming educational initiatives.
“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,” Hai, head of Binance Charity, said in a blog post.
Binance Charity is the philanthropic arm of the crypto exchange Binance.
“We’re seeing interest from a diverse range of people, including a great ratio of women, which is something I feel particularly passionate about,” Hai said. “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.”
The Binance Scholar Program was launched in June 2022 with the goal of expanding global access to Web3 education. Since it was created, it has received more than 82,000 applications, according to the blog post.
The Binance Charity Scholar Program has allocated funding for more than 67,000 scholarships, of which 36,500 were awarded in 2022. The other 30,655 scholarships will be granted in 2023. Since June, Binance Charity has donated more than $2 million BUSD to various worldwide projects dedicated to increasing access to Web3 education, enabling students in countries from Nigeria to France to Australia to participate in courses at no cost.
BUSD is a fiat-backed stablecoin, backed 1:1 by U.S. dollars, that serves as a stable cryptocurrency alternative for those seeking to avoid volatility in the crypto market, according to Linen. The token is issued by Binance and Paxos.
The Binance Scholar Program aims to break down financial barriers for those who are interested in entering the digital asset sector, the blog post states. The program has partnered with institutions and organizations across the world, including the University of Western Australia, the University of Nicosia, the Frankfurt School of Finance & Management, Simplon, Utiva, Women in Tech, Kyiv IT Cluster and Ukraine's Ministry of Digital Transformation. The Binance Charity Scholar Program was started to help Ukrainians who lost their jobs due to the war to develop new skills and be able to re-enter the workforce.
Partnering with France's Simplon, the Binance Charity Scholar Program so far has helped 10,000 people from disadvantaged areas with high unemployment rates gain knowledge and skills, the blog post states.
"What we saw was really interesting,” Simplon student Terry Genly said in the post. “I knew a bit about crypto 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.”
The Binance Scholar Program offers both online and in-person opportunities, with courses covering topics including coding, applications, blockchain, metaverse, NFTs and trading.