The first session of The Bitcoin Academy, a training school founded by Jack Dorsey and Jay Z (Shawn Carter), has come to a successful conclusion. After a period of 12 weeks, the project was completed by distributing an amount equal to one thousand dollars in Bitcoin through an airdrop to each participant who had elected to accept a grant.
According to Business Insider, both Jack Dorsey and Jay-Z personally sponsored the whole endeavor, including the most recent airdrop. According to an email sent by Jay’s mother, the session was attended by more than 350 inhabitants of the Marcy community; however, it is unknown how many people were really given the airdrop.
“The people that live in Marcy were present. “What is equally important is providing the necessary resources, such as food, childcare, gadgets, internet connection, dedicated personnel, and instructors, so that as many people as possible may participate in person and online,” she added.
Residents of the Marcy Houses in New York, where Jay Z spent his childhood, were scheduled to participate in an on-site program called The Bitcoin Academy at the beginning of June.
This program was designed to provide participants with information and resources related to bitcoin. The event took place beginning on the 22nd of June and ending on the 7th of September.
The organizers of the event were upfront about the fact that attendees would get free smartphones, MiFi devices, and data subscriptions for a full year when they made the announcement at the time.
People decided to enroll in the program for a variety of reasons, including the fact that it offered free child care as one of its benefits. On the other hand, the presence of Bitcoin came as a complete shock at the eleventh hour.