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Binance Announces $1M Fund for African Developers

February 6, 2021

Blockchain and cryptocurrency infrastructure provider Binance has announced the allocation of $1 million to African developers building projects on the Binance Smart Chain.

Binance CEO, Changpeng Zhao (CZ) made this announcement during the launch of the company’s Developer Course for Africa program on January 31st. The 8-week program that is being done virtually is aimed at equipping African blockchain developers with the right tools and skills to build their first DApps on the Binance Smart Chain (BSC) network.

This new fund according to CZ is in line with the company's commitment to Africa and the growth of the blockchain ecosystem.

“Africa is a really important segment in our mission and we want to continue to push these programs in Africa and other regions,” said CZ. “The Binance team wants to show you a multitude of career options in the crypto and blockchain space - beyond trading”.

Since 2020, Binance has been offering free virtual crypto education courses under its Binance Masterclass program: successfully educating over 70,000 Africans about crypto fundamentals, practical tutorials on how to set up a crypto account - and buy & sell crypto, technical analysis and crypto trading. Binance plans to further this education to include DeFi and BSC.

Binance says that it will also be hosting a Binance Hackathon for African Dapps.

The January 31st Developers’ edition of the Binance Masterclass series which set to train 1000 African developers, kicked off with over 19,000 registrations and 25,000+ playbacks on YouTube.

Through the course of the 8-week program, coordinated by crypto industry thought leaders from ChainIDE, Xend, Bundle, as well as the BSC team, attendees will acquire high-income development skills and learn blockchain development with Binance for FREE.

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