Tuesday, December 6, 2022
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Yuga Labs aims to donate $1 million to support education initiatives in Miami

Yuga Labs, the company that pioneered web3 and is responsible for Bored Ape Yacht Club, made the announcement today that it would donate $1 million to support initiatives in the arts and education in Miami.

With this financing, initiatives that are now working to bridge the opportunity gap for thousands of Miami residents will be expanded and strengthened. A contribution of $300,000 will be made to the Venture Miami Scholarship Fund as part of the introduction of this brand-new initiative.

Yuga is able to reconnect with its origins and give back to the city that was the birthplace of Bored Ape Yacht Club via its support of local projects headquartered in Miami. Wylie Aronow, Greg Solano, and Nicole Muniz, who is now serving as CEO of Yuga Labs, are all delighted to call Miami their hometown.

They had direct experience of the thriving energy, diverse population, and boundless chances that the town as a whole had to offer since they had grown up there. As part of this dedication to their city, active research is being conducted to identify more groups already functioning in Miami that have a concentration on education, the arts, or diversity.

The Venture Miami Scholarship Fund is the first programme to be outlined as part of this larger plan that has been outlined. This programme, which was established in partnership with the City of Miami, helps those who are financially needy begin life without the burden of debt by allowing qualified students to pursue a bachelor’s degree for free in a defined STEM or high-wage, in-demand occupation. This programme helps those who are financially needy begin life without the burden of debt.

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Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.


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