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The Shawn Carter Foundation has provided educational access and opened doors of opportunities for underserved communities for a while now. This summer, the foundation delved into educating residents of Marcy Houses, where Jay-Z grew up, on Bitcoin. Block CEO Jack Dorsey and Shawn Carter gifted $340.000 in Bitcoin to students of The Bitcoin Academy in New York.
The duo’s vision is to eliminate barriers within the technology space and provide access for underserved communities to gain Bitcoin education and break down barriers of inequity through financial inclusion.
Lamar Wilson, the founder of Black Bitcoin Billionaire and one of the instructors of the 12-week educational initiative, described The Bitcoin Academy as a fun, educational journey that didn’t pressure students into buying or selling bitcoin.
At the program’s conclusion, adult Marcy residents who enrolled as students and consented to receive a grant were each airdropped around $1,000 in Bitcoin through Cash App, Muun Wallet, or other self-custodial wallets, according to a representative for the Academy. Jay and Dorsey personally funded the program and its concluding airdrop.
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