As a part of its Binance Charity Scholar Program, the exchange will cover the cost of tuition at some of the world’s leading universities.

Binance Charity Announces 30k Web3 Scholarships in 2023

  • As a part of its Binance Charity Scholar Program (BCSP), the exchange will cover the cost of tuition at some of the world’s leading universities.
  • BCSP has so far dedicated “$2.2 million BUSD to supporting free access to some of the world’s best Web3 educational opportunities.”
  • The leading exchange announced its plans to fund 30,65 scholarships to students who plan to make a career in the Web3 industry.
  • Its donations have sponsored 259,180 hours of Web3 education and training along with 67,155 scholarships.

Crypto exchanges and blockchain-focused firms are facing huge losses recently, and due to cash flow problems, they are also letting go of their employees. Interestingly, this global macroeconomic situation doesn’t seem to affect the world’s biggest crypto exchange, Binance, which continues to expand into newer markets and engage in new services. Interestingly, the leading exchange announced its plans to fund 30,65 scholarships to students who plan to make a career in the Web3 industry. 

Binance Charity, the philanthropic arm of the leading exchange, announced that it will be providing scholarships to students along with free Web3 education and training courses to increase their exposure to the world of Web3. Therefore, interested students will be able to gain access to quality material without facing financial barriers that prevent many from being interested in the Web3 space. 

As a part of the Binance Charity Scholar Program (BCSP), the exchange will cover the cost of tuition and course fees at some of the world’s leading universities, colleges, and vocational training providers. Furthermore, it was revealed that over the course of the last six months, the exchange has received 82,000 applications to its BCSP program and has so far dedicated “$2.2 million BUSD to supporting free access to some of the world’s best Web3 educational opportunities.”

“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 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,” said Binance Charity. 

Some of the colleges and universities that come under Binance Charity’s BCSP include the University of Western Australia, the University of Nicosia in Cyprus, the Frankfurt School of Finance & Management in Germany, and Nigerian-based technology hub Utiva. As a part of this initiative, the philanthropic arm of the firm has partnered with Binance Academy, the exchange’s non-profit blockchain education portal. 

While talking about the numbers, Binance Charity revealed that its donations have sponsored 259,180 hours of Web3 education and training along with 67,155 scholarships, of which 36,500 have already been granted and 30,655 are yet to open.

“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. We’re seeing interest from a diverse range of people, including a great ratio of women, which is something I feel particularly passionate about,” said Helen Hai, Head of Binance Charity.

On the other hand, as reported earlier by Bitnation, Binance also has plans to increase its headcount in 2023 and admitted that it was not “super efficient” but was well organized to prepare for the next bull run.

Parth Dubey
Parth Dubey Verified Author

A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.

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