- The BNB Chain blockchain network plans to introduce a web3 development course in Latin America
- The course targets to have 30,000 students by the end of the year
- The development course comes as an effort to spur adoption of blockchain technology and web3 education
The BNB Chain in partnership with Platzi, an education platform plans to launch a Web3 development course in Latin America.
The development course will major in developing skillsets for web3 developers.
The two partners mainly target 30,000 students from Latin America, as the region’s adoption rate for crypto-related activity is quite promising.
“This is going to be the major education resource available in Spanish for web2 developers to build on web3 with BNB Chain,” States Gwendolyn Regina, the Investment Director at BNB Chain.
Adoption through education
The head of research at Chainalysis, Kim Grauer, states that Latin America records an average of 8% to 10% of the world’s crypto activities.
Web3 and its associate such as DeFi implementations have been warmly received due to the traditional financial challenges experienced in the region.
The BNB Chain/ Platzi Web3 development course aims to spur wide adoption of blockchain technology and web3 in the region through education.
The major backlashes to the adoption of crypto-related activities are primarily education, accessibility and undefined regulations.
A survey from Motley Fool reveals that nearly 10% of crypto owners in the region do not really understand the nitty-gritty of this ecosystem.
Hence, education stands out as a vital requirement in the region. Especially so in an area where crypto is considered a tool of potential empowerment.
Regina opines that “If we increase the accessibility to resources to build Web3 tools on BNB Chain, we can significantly support the development of the region.”
In efforts to encourage more developers to partake in the BNB Chain course, participants of the BNB Chain Developer camp in Bogota, Colombia this September will receive a scholarship reward.
Latin America welcomes web3
Since the web3 bandwagon kicked off in 2021, Latin America stands out in its comparatively high crypto adoption rate.
The adoption rate in this region is quite appealing. More so because it allows the region to design its own financial path free from the Northern Hemisphere’s control. Hence enabling it to constantly break free from the bondage of traditional banking.
The large online population, a growing collection of talented developers and the desire to improve on the uncontrolled inflation, restrictive financial guidelines and corruption, all provide a good ground for web3 and crypto to thrive.
“Latin America needs to balance the retail experience with the building potential. There’s a big community that knows about crypto and its utility by daily experience,” says Regina.
More efforts to spur web3 adoption
Recently El Salvador, a country in the region, hosted 32 Central Banks and 12 financial institutions from 44 countries. The 44 met to discuss ways to encourage a wider acceptance and expansion of the crypto space in the region.
El Salvador is at the forefront to spur crypto adoption in Latin America. Eight months ago the country adopted Bitcoin as a legal tender. With the support of its president, Nayib Bukele, later on, in May 2022, the country plans on constructing a Bitcoin City.
Currently, the country has plans underway to introduce a grassroots diploma program dubbed My First Bitcoin (Mi Primer Bitcoin). Through the program, many young people will be able to attain crypto literacy
Brazil is also a country in Latin America that is in the spotlight when it comes to web3 and crypto adoption.
Sometime back in March 2022, Binance founder and CEO, Changpeng Zhao made a surprise visit to a conference held in the country.
CZ announced Binance’s plan to expand into the country. He met with the country’s government officials to determine a good venue where the Binance will set the Brazilian headquarters.
For Brazil, the major challenge it faces when it comes to web3 adoption and building is how to overcome the rigid mindset and support talent in the space.
