Covalent Rolls Out Educational Program to Bridge Skills Gap in Web3

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Covalent, a Web3 data provider that is backed by Binance Labs and Coinbase Ventures, launched a program aimed at bridging the data analytics skills gap for workers in Web3. 

Since data is considered the new oil, the program dubbed Data Alchemist Boot-Camp will provide education related to data analytics in the Web3 and blockchain spaces. Per the report:

“The new Data Alchemist Boot-Camp expands Covalent’s existing Alchemist program but is geared toward skills development for accessible, data-rooted jobs. The need for analytical skills is rapidly growing, as user-controllable data is exploding under Web3 and decentralization.”

Through the program, Covalent intends to help recruit and train 1,000 workers for the Web3 and tech sectors. Therefore, the Web3 data provider seeks to support data analytics, which will spur more growth in the blockchain space.

Ganesh Swami, Covalent’s CEO, pointed out:

“There is a real need for individuals who are experts in this new cross-section of data and blockchain. We want to help train these future leaders to quickly fill these new roles in the near-term. This boot-camp is how we try to spark change in an excited and rapidly growing community.”

The program will equip learners with crucial blockchain business analytics, with a chance to earn $2,000 after tackling curriculum-based challenges. The first class is scheduled for October 19, 2022.

Brandon Rochon, a Covalent data scientist, stated:

“We believe that everyone deserves equal access to education and well-funded opportunities to explore career paths in Web3. The Alchemist Program has allowed us to expand these opportunities, while providing an environment to explore and learn alongside their peers in a way that is engaging, accessible and effective.”

Likewise, Crypto exchange KuCoin announced a $100 million “Creators Fund” to enhance the Web3 ecosystem and support early-stage non-fungible token (NFT) projects in sports, arts, GameFi, and celebrities, among others.

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