-Kraken is excited to announce it has officially partnered with the University of Wyoming to launch a multi-year education effort designed to prepare the next generation for a digital asset-powered economy.

To benefit students and educators of all ages in the state, the program marks Kraken’s largest ever commitment to furthering the study of Bitcoin and digital asset technologies and represents a deepening of our presence in Wyoming following the 2020 launch of Kraken Bank, a regulated Wyoming-based financial services firm.

Toward these goals, Kraken will offer scholarship support to PhD students at the University of Wyoming, collaborate with university educators to offer free learning opportunities for K-12 students and develop paid professional development opportunities for K-12 teachers.

Jesse Powell, CEO at Kraken, said: “On our 10th anniversary, we’re setting sights on the future by investing in expanding access to quality education on Bitcoin and cryptocurrency. We hope the program will capture imaginations and contribute to a better financial future for Wyoming and for the world.”

In total, Kraken has committed to give up to $300,000 over three years to support the effort, a gift that will enable the University of Wyoming to offer students opportunities in one of the world’s fastest-growing and most exciting industries.

Further, the support for a computing-based summer camp expands the University of Wyoming’s efforts by bringing real-world computing knowledge and applications to students and educators.

“This gift from Kraken enables us to recruit and retain a high-caliber researcher who will work in an interdisciplinary space with other researchers from both the Wyoming Advanced Blockchain Laboratory as well as the Cybersecurity Education And Research Center,” said Assistant Professor of Computer Science Dr. Mike Borowczak.

The partnership is also part of an ongoing expansion of the size and scope of Kraken’s grant program to include digital asset industry initiatives beyond open-source development.

Over the course of 2021, Kraken aims to give more than $1 million to support the developers of open-source cryptocurrency technologies and to supporting outreach initiatives.

Looking ahead, Kraken remains committed to giving back to states and countries that adopt policies designed to safeguard consumers and further the development of digital assets.

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