Quick take:
- Yuga Labs has pledged $1 million to education and arts initiatives in Miami.
- The web3 company donate $300k to Venture Miami Scholarship Fund in support of local students.
- Yuga co-founders, Wylie Aronow and Greg Solano will lead the initiative to expand arts and STEM education access in underserved communities.
Yuga Labs has pledged $1 million to education and arts initiatives in Miami city. The web3 company is adding to its list of charitable commitments made since the turn of the year.
The Bored Ape yacht Club creator will donate $300k to Venture Miami Scholarship Fund to help local students gain access to careers in science, technology, engineering and mathematics (STEM).
According to the announcement, Yuga Labs co-founders, Wylie Aronow and Greg Solano will lead the initiative to expand arts and STEM education access in underserved communities.
This is not Yuga Labs’ first charitable gesture this year. It comes following Yuga’s previous commitment to donate 10,000,000 ApeCoin $APE to the Jane Goodall Legacy Foundation. The company has also committed to donating all creator fees from Bored Ape Kennel Club secondary market trades to support animal conservation charities and no-kill shelters.
The company’s continued support of Miami-based initiatives rekindles its connection to the city where the Bored Ape Yacht Club NFT collection was born. Yuga co-founders Wylie Aronow and Greg Solano are both natives of “The Magic City”.
“We’ve been planning this for some time and are excited to finally announce Yuga’s investment in the future of our hometown. Miami has become a hub of a dynamic industry where Yuga Labs is at the forefront of innovation,” said Greg Solano, co-founder of Yuga Labs.
On the other hand, Wylie Aronow, co-founder of Yuga Labs, pointed out the company’s deep roots in Miami city, adding: “As we continue to build our business here, we’re glad we can also help to build a strong, passionate community where there are no barriers to access, and creativity knows no limits.”
The Venture Miami Scholarship Fund is a program launched in partnership with the City of Miami to help qualified students pursue bachelor’s degrees in STEM without the burden of debt.
Francis Suarez, Mayor of Miami commented: “Connecting local talent to career opportunities is an essential step in supporting Miami’s burgeoning tech and blockchain community. Yuga Labs is a leader in Miami’s growing web3 business community. We’re thrilled to join forces with them to provide Miamians with the education they need to earn sought-after careers with high-paying wages.”
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