Jay-Z and Jack Dorsey are starting the “Bitcoin Academy” in Brooklyn, where Jay-Z grew up.
At the new Bitcoin Academy, people from the Marcy Houses neighborhood, where Jay-Z grew up, will be able to take classes like “What is Cryptocurrency.”
Shawn Corey Carter, who is better known by his stage name Jay-Z, grew up in the Marcy Houses in Brooklyn’s Bedford-Stuyvesant neighborhood. The rapper and the CEO of Block, Jack Dorsey, said on Thursday that they are giving money to the place where the rapper grew up by starting the Bitcoin Academy, a program that teaches people about money.
Later this month, the Bitcoin Academy will start a series of online and in-person seminars, such as “What is Money?” and “What is Blockchain?”
The program, which is open to anyone from Marcy Houses, will also have a “crypto kids camp” where participants will get a mobile hotspot and a small amount of Bitcoin to practice with.
Students will eat and learn on two nights each week until early September. Block and Jay-Z run the Shawn Carter Foundation, which will help train people on the ground.
Jay-Z and Dorsey started the project on Thursday morning. It will start at Marcy Houses but could be expanded to other places.
The seminars will be given by an educational group called Crypto Blockchain Plug and a nonprofit called Black Bitcoin Billionaire, whose goal is to teach Black people about Bitcoin and which has gotten money from Block in the past.
Jay-Z and Dorsey cooperate again
Jay-Z and Dorsey have already worked together. Dorsey, who used to be the CEO of Twitter, has pushed for a future based on Bitcoin and other cryptocurrencies in the past.
In 2021, Dorsey’s Block (then called Square) bought the rapper’s streaming music business, Tidal. He and Dorsey have talked about using it to distribute NFT.
Dorsey and Jay-Z, who is also an Alchemy blockchain investor, set up a fund in 2021 to help Bitcoin grow in Africa and India.
Dorsey is a personal sponsor of the new Bitcoin Academy, along with Jay-Z. He has also helped fund crypto-related charitable projects at Block, such as a $5 million fund that is backed by the company’s income from its Bitcoin holdings.