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Binance spearheads Web3 training initiative in South Africa

By , ITWeb
Africa , 19 Jan 2023

Binance Charity, the philanthropic arm of cryptocurrency exchange Binance, is collaborating with Women in Tech to provide Web3 vocational training for 2,800 women in rural communities in South Africa and Brazil.

According Binance, Web3 focuses on blockchain education and understanding of core concepts in cryptocurrency.

Training focusses on a large variety of skills for trends in this space including coding, blockchain application, cryptocurrency, decentralisation, NFT, Metaverse, Fan token and Trading.

The organisations said that in addition to these training programmes, they have collaborated with UTIVA in Nigeria to educate 50,000 young people in Blockchain/Web3 and provide scholarships for 1,000 Africans in a one-year intensive skill training programme, supporting them to move into employment.

According to Binance applications to study Web3 education have reached 82,200 in just six months.

Over US$2.2-million in BUSD was donated during 2022 with projects spanning South Africa, Senegal, Nigeria, Australia, Germany, Cyprus, Ukraine, France and Brazil, offering students the opportunity to study Web3-related courses free of charge.

Binance said to date, donations have funded 259,180 hours of training and education in the classroom, in bootcamps and in community workshops.

“In total Binance Charity will be offering 67,155 scholarship places but many of these are yet to even open to applications. Binance Charity is partnering with Binance Academy and a number of top academic and vocational institutions to deliver these projects including the University of Western Australia, the University of Nicosia, Frankfurt School of Finance & Management - Blockchain Center, Simplon, Utiva and Women in Tech, Kyiv IT Cluster and Ministry of Digital Transformation in Ukraine,” the organisation added.

Helen Hai, head of Binance Charity, said, “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.”

Courses are available both online and offline, varying in length from short intro classes to 12-monthth commitment.

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