Bitcoin Academy Draws in Hundreds of Local Brooklyn Residents, Many of Whom Enroll to Receive a Grant of One Thousand Dollars Worth of Bitcoin

Bitcoin.com News covered the story during the first week of June about Jack Dorsey and Jay-Z partnering up to open the Bitcoin Academy in Brooklyn for residents of Marcy House. According to a report published by Business Insider, the training sessions at the academy were attended by hundreds of people. Gloria Carter, Jay-mother, Z's spoke to the publication and said that Marcy locals attended the event. "The over 350 people who attended The Bitcoin Academy seminars let us know that this education is essential to them—and that it matters," she went on to say after the previous statement. "This education matters."

A resident of Marcy House who took part in the seminars was interviewed for the study to provide additional insight into the endeavor. In addition, after the Bedford-Stuyvesant locals completed the classes, they had the opportunity to apply for a grant that would award them each $1,000 in bitcoin (BTC) and deliver it to either their Cashapp or Munn Wallet. Residents of Marcy House in Brooklyn were given priority enrollment in a free educational program that lasted for a full year. Mariela Regalado, a resident of Marcy, shared that her visit to the academy brought back memories of watching Jay-Z develop in the nearby neighborhood when she was a child.

Regalado told Business Insider, "I remember when I was younger, growing up in the project, [Jay-Z] and his staff would come and give us toys and things like that." "I remember when I was younger, growing up in the project," "My friends and I would call it this type of 'hood philanthropy,' — So for me, this is kind of like an evolution of that." Regalado went on to explain that the academy provided free daycare for her kid, which allowed her to attend the courses even though she was a single mother. Regalado added:

To put it simply, [the lectures were] an entertaining and enlightening experience that I got to share with my neighbors. It always felt like we were at a family gathering, and that one of our relatives had just discovered Bitcoin, and they were telling the rest of the family about it.

A teacher at Bitcoin Academy explains the topic by translating it "Into a Vernacular That Others Can Understand."

In addition to support from Crypto Blockchain Plug (Najah J. Roberts), Black Bitcoin Billionaire provided assistance to Brooklyn's Bitcoin Academy (Lamar Wilson). Wilson was a teacher and the person who proposed the curriculum to the CEO of Block, Jack Dorsey. Wilson was responsible for making the connection. A variety of topics, including "Careers in Crypto," "Wealth Building and Assets," "Bitcoin Taxes," and "Why Decentralised Matters," were covered in the various classes that were presented.

"There are many instances in which information does not make its way to our society. It's not because individuals are trying to be deliberately prejudiced; rather, it's because they aren't trying to be deliberately intentional about spreading the knowledge. "Therefore, somebody has to step up and take responsibility for it," Wilson stated. The lecturer at the Brooklyn Bitcoin Academy continued by saying:

I feel like it's almost my responsibility to ensure certain the that I get the information to them, and it's not to like suggestions that they buy bitcoin or try to get them to invest all of their finances or anything of that sort. Because I understand the information and I can break it down into a vernacular that others can understand, particularly people from where I'm from, I feel like it's almost my obligation to ensure sure that I get the documentation to them. It boils down to this: I will give you the information, but ultimately it is up to you to decide what to do with it because you are an extremely intelligent human.