Jay-Z and ex-Twitter CEO Jack Dorsey are uniting in order to launch a Bitcoin academy in the rapper’s hometown of Brooklyn, New York.
The site of the academy will be located where Jay-Z was brought up in Marcy Houses, offering free education to residents.
The 24x Grammy winner confirmed the plans on his Twitter, stating below.
Shout out to @Jack. #Bitcoin Academy, starting in Marcy, a place that taught me so much, is hopefully the first of many. The simple goal is to provide people tools to build independence for themselves and then the community around them. https://t.co/4uHkCfdFZv— Mr. Carter (@sc) June 9, 2022
The academy aims to create improved financial education, in particular cryptocurrency lessons, as digital assets continue to grow and evolve. Due to its scarcity in nature and relative infancy, crypto is still a market where caution is met due to its volatile nature.
But Jay Z and Dorsey are seeking to provide knowledge of the sector, particularly Bitcoin, in order for residents of the Marcy area to become enriched with financial knowledge and a better understanding of cryptocurrencies.
In-person, followed by virtual classes, take place from June 22 to September 7, with a ‘Crypto Kids Camp’ program scheduled to take place on two Saturdays during the timeframe, designed for ages 5-17. Residents of the area can sign up by giving basic information and their apartment number.
Classes will be taught by Lamar Wilson of Black Bitcoin Billionaire, and Najah J. Roberts of Crypto Blockchain Plug. The Bitcoin academy was helped by funding from Jay-Z and Dorsey, whilst the Shawn Carter Foundation and Block (formerly known as Square) also contributed.
The academies announcement comes off the back of previous crypto-related work Jay-Z and Dorsey have collaborated on in the past, after the pair announced in February 2021 that they were giving away 500BTC to Btrust, an initiative fund aimed to improving Bitcoin development.