In a significant development for cryptocurrency education, My First Bitcoin (MFB) has secured a $1 million grant from Jack Dorsey’s #startsmall initiative, marking a major milestone in the organization’s mission to democratize Bitcoin education globally.
Strategic Investment in Bitcoin Education Infrastructure
The substantial funding, announced earlier this week, will accelerate MFB’s development of open-source educational materials and infrastructure. This initiative comes at a crucial time when Bitcoin adoption continues to expand globally, highlighting the growing need for comprehensive cryptocurrency education.
Key Educational Initiatives and Global Impact
MFB’s flagship Bitcoin Diploma program has already reached impressive milestones:
- Translation into 23 languages
- Tens of thousands of students reached in El Salvador
- 65+ projects across 35+ countries
- Integration with El Salvador’s public education system planned for 2024
Independent Education Model
The organization emphasizes transparency and independence in Bitcoin education, contrasting with traditional financial education models. John Dennehy, MFB’s Executive Director, states that their approach focuses on teaching critical thinking rather than prescriptive knowledge.
Future Implications and Development
The grant will enable MFB to:
- Expand digital platforms including Online School and Community hub
- Enhance existing educational resources
- Scale teacher training workshops
- Strengthen the Independent Bitcoin Educators Node Network
Frequently Asked Questions
What is My First Bitcoin?
My First Bitcoin is a non-profit organization founded in El Salvador in 2021, dedicated to providing free and open-source Bitcoin education worldwide.
How will the $1M grant be used?
The funding will support the development of educational materials, digital platform scaling, and expansion of global education initiatives.
Who can access MFB’s educational resources?
MFB’s resources are freely available to anyone interested in learning about Bitcoin, with materials available in 23 languages.