Jay-Z and Jack Dorsey fund The Bitcoin Academy in New York
The academy will run programmes for residents of Marcy Houses, Brooklyn, where Jay-Z grew up
Rapper Jay-Z and former Twitter CEO Jack Dorsey are funding The Bitcoin Academy in New York.
In a bid to bring bitcoin (BTC) education to Brooklyn, the academy will run programmes for the residents of Marcy Houses in the borough, where Jay-Z (real name Shawn Carter) grew up. The Marcy Projects are a public housing complex built and operated by the New York City Housing Authority.
The academy “aims to provide education and empower community with knowledge”.
Residents are invited to attend free classes on BTC.
Online and in-person lessons
The academy will offer both online and in-person classes for the Marcy Houses community from 22 June to 7 September.
The in-person classes will take place twice a week during evenings, where dinner will also be served.
Those who take part will receive my WiFi (MiFi) devices and a one-year limited data plan and be given access to smartphones if needed. Residents can keep the devices after the lessons end.
A “Crypto Kids Camp” programme will also take place on two Saturdays for Marcy Houses children aged five to 17.
Black Bitcoin Billionaire and the Crypto Blockchain Plug
The two teachers for the academy are Lamar Wilson, co-founder of the Black Bitcoin Billionaire, and Najah J Roberts, of the Crypto Blockchain Plug. Black Bitcoin Billionaire is a club that encourages members to invest in cryptocurrency through educational dialogue. Crypto Blockchain Plug also provides crypto education.
It is said that the two “will teach you about bitcoin, how it works, why you should care, and how to build your own financial future.”
Cash App, a mobile payment service founded by Dorsey, has partnered with the academy. It was developed by Block, and allows users to spend, save and invest in stocks or BTC, and receive payment for work.
Jay-Z’s Shawn Carter Foundation is also partnering with the academy. The foundation’s mission is to help individuals “facing socio-economic hardships further their education at institutions of higher learning”.