New York, New York - Rapper Jay-Z and former Twitter CEO Jack Dorsey have teamed up to educate Brooklyn residents on the power of bitcoin, and they've donated some coin to help get them started.

Back in June, Hov introduced The Bitcoin Academy to the world – a joint effort with Dorsey to "provide people tools to build independence for themselves and then the community around them."

The program, which offers a course of educational classes, runs exclusively for residents of The Marcy Houses projects in the Bedford-Stuyvesant neighborhood of Brooklyn where Jay grew up.

Now, its first round of students have graduated.

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"At tonight's graduation class, [Jay-Z] and I offered each student a grant of $1,000 in bitcoin," Dorsey shared on Twitter.

"Students can save, spend, or send their bitcoin however they choose to keep investing in themselves," he added.

"Marcy residents showed up," Gloria Carter, Jay-Z's mother and president and co-founder of The Shawn Carter Foundation, explained to Business Insider. "The over 350 people who attended The Bitcoin Academy classes let us know that this education is important to them – and that it matters."

In a tweet from March 2021, Jay-Z called Jack Dorsey "one of the greatest minds of our times." It seems they have joined forces to try to change the world for the better.