Financial technology company Block Inc. founder Jack Dorsey announced that he is collaborating with rapper Jay-Z by launching a Bitcoin Academy in Brooklyn. Bitcoin Academy’s mission aims to empower the region and provide education. The project’s website details that residents of the Marcy House in Brooklyn, New York are entitled to free classes and other benefits such as internet data plans.

Marcy House Residents Welcome Participation in Bitcoin Academy – “Making Powerful Tools More Available”

Jack Dorsey, the former CEO and co-founder of Twitter and founder of Block Inc., announced Thursday that he has teamed up with popular rap artist Jay-Z (Shawn Carter) to launch a Bitcoin Academy.

“Mister. [Shawn Carter] and I fund The Bitcoin Academy, a program for residents of Marcy Houses in Brooklyn, New York, where Jay grew up,” Dorsey said tweeted. The Block founder further explained that the project was also backed by Crypto Blockchain Plug (Najah J. Roberts) and Black Bitcoin Billionaire (Lamar Wilson).

“Education is Power” – Jack Dorsey and Jay-Z launch Bitcoin Academy in Brooklyn
American rapper Jay-Z (Shawn Carter) is pictured left and founder of the block Jack Dorsey is pictured right. Jay-Z and Jack Dorsey have previously worked together as Dorsey has a large stake in Tidal. the streaming music platform powered by Jay-Z.

Marcy House or Marcy Projects is a public housing complex in Brooklyn, New York. As a child, Jay-Z lived there on Marcy Avenue and attended Eli Whitney High School. “Bitcoin is becoming an important tool for many in Africa, Central and South America,” Dorsey continued in his Twitter thread. “We believe the same potential exists in communities across the United States. Our goal is to prove that providing people with powerful tools allows them to build greater independence.” The block manager added:

Education is the starting point. This isn’t just about Bitcoin… it’s about long-term thinking, local economies, and self-belief. Classes are free for all Marcy residents, including children. And to make it even easier, we provide devices and data plans for everyone who needs them.

Jay-Z Says “Hopefully Bitcoin Academy in Brooklyn Is First of Many”

The Bitcoin Academy website notes that “education is power,” and classes will be held online or in person from June 22 to September 7. “All Marcy residents are welcome,” the website reads. “Personal classes are held two evenings a week and dinner is served.”

If needed, Marcy residents get access to MiFi devices, a year-long data plan, and can keep the devices. The Bitcoin Academy also focuses on youth and on Saturday there will be a “Crypto Kids Camp” for children aged 5 to 17. The website also reveals that Jay-Z’s nonprofit, the Shawn Carter Foundation, also helped out.

“Call Jack,” Jay-Z tweeted Thursday. “Bitcoin Academy starting in Marcy, a place that has taught me so much, hopefully is the first of many. The simple goal is to provide people with tools to build independence for themselves and then for the community around them.”

tags in this story

American Rapper, Bitcoin, Bitcoin (BTC), Bitcoin Academy, Black Bitcoin Billionaire, Brooklyn, BTC, Crypto, Crypto Blockchain Plug, Data Plans, Education Is Power, Housing Complex, Jack Dorsey, Jay Z, Lamar Wilson, Marcy House, Marcy Projects, MiFi Devices, Najah J. Roberts, New York, New York City, Shawn Carter, Shawn Carter Jay-Z, The Bitcoin Academy, TIDAL

What do you think of Jack Dorsey and Jay-Z starting a Bitcoin Academy in Brooklyn? Let us know what you think about this topic in the comment section below.

Jamie Redman

Jamie Redman is the news director at News and a Florida-based financial technology journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for News about today’s emerging disruptive protocols.

photo credit: Shutterstock, Pixabay, WikiCommons

Disclaimer: This article is for informational purposes only. It is not a direct offer, or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service, or company. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

What's your reaction?
Leave a Comment