Binance’s charity division has planned to invest in roughly 30,665 scholarships for students seeking Web3 careers this year.
Crypto heavyweight Binance announced its Binance Charity Scholar Programme (BCSP), which aims to train and upskill Web3 enthusiasts while supporting funding for each student.
The company said: “At Binance, we believe knowledge is wealth that cannot be stolen, and crypto literacy is the cornerstone of mass adoption. Education is a huge part of what we do and who we are, especially in support of our mission to advance the adoption of digital assets.”
It added that digital education and skills development were “out of reach for many, resulting in a blockchain industry that lacks diversity and talent.”
Binance Cohort and Affiliates
More than 82,000 people had registered interest in the programme for the next cohort with a roughly 37 percent acceptance rate.
Institutions such as the University of Western Australia, the University of Nicosia in Cypress, Nigermain tech hub Utiva, and the Frankfurt School of Finance and Management have joined the initiative.
The Kyiv IT Cluster and the Ukrainian Ministry of Digital Transformation have also collaborated with the initiative. Binance Charity also partnered with members of the Ukrainian government to upskill citizens due to the ongoing Russo-Ukrainian war.
Binance’s History of Philanthropy
The news comes after Binance Charity raised over $3.5 million USD to back 290,000 hours of training for Web3 students via courses and instruction.
Binance Charity head, Helen Hai, added: “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.
She concluded: “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.”
