Bitget, a cryptocurrency derivatives exchange, has announced a new corporate social responsibility project, Blockchain4Youth, aimed at promoting cryptocurrency education among the younger generation. The initiative will allocate $10 million over five years towards providing blockchain courses and certifications through Bitget Academy and hosting campus lectures in partnership with universities worldwide. Bitget will also collaborate with other leading blockchain firms to incubate innovative projects by young entrepreneurs and host U30 (Under the age of 30) hackathons to identify the most promising ones.
Blockchain4Youth will commence this month with a series of campus lectures on Web3 held in universities across Taiwan, Vietnam, and Thailand. Bitget Academy courses will also be available around the same time. The exchange is open to partnerships with educators for this novel initiative.
Bitget has around 8 million users across more than 100 countries. According to a recent Bitget survey involving more than 250,000 respondents, 46% of millennials across major economies such as the United States, China, Japan, Germany, Nigeria, and Indonesia currently own cryptocurrencies compared to 25% of Gen X, 21% of Gen Z, and 8% of baby boomers. Furthermore, 27% of millennials and 36% of Gen Z respondents said they considered cryptocurrency regulation an important factor when voting for political candidates.
This initiative comes as Binance Charity pledged to provide over 30,000 scholarships in 2023. The organization says it has committed $23 million to 32 Web3 social projects since its inception in 2018. At the time of the announcement, over 82,000 applicants were interested in joining the next cohort, equating to an acceptance rate of about 37%. The success of such initiatives highlights the growing interest and importance of cryptocurrency education and innovation in the blockchain industry.
As cryptocurrencies and blockchain technology continue to gain mainstream adoption, Bitget’s Blockchain4Youth initiative seeks to address the need for greater understanding and knowledge among young people. The project aims to provide a platform for the next generation of entrepreneurs to develop innovative solutions and drive the growth of the industry forward. With its commitment to corporate social responsibility, Bitget is setting an example for other blockchain firms to follow, and this initiative could pave the way for further investment in cryptocurrency education and innovation.