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    HomeEDUCATIONThe growing, slightly controversial business of teaching children cryptocurrency

    The growing, slightly controversial business of teaching children cryptocurrency


    The summer is here in Los Angeles, dozens of youngsters aged 5-17 are scheduled to attend the third ever course of Crypto Kids Camp, where they’ll get to know the world of virtual and artificial intelligence with engaging game and other activities. (The camp was originally scheduled to begin this week during April’s break for schools, however, because of a problem with construction within their facility the camp has been moved to the summer.) It’s part a growing small-scale business that consists of camps as well as startups and videos aimed at educating the next generation on web3 kids campjenningsvox often before they’re able to read.

    According to the founder Najah Roberts The camp is a means to bridge the gap between children who are privileged and those in underserved communities. “It’s important to catch our kids when they’re young to help them open their minds to what the possibilities are,” she adds. “You can inform they that there are many jobs in technology, but when they are aware that they have the ability to develop the jobs as well as those platforms, the games, they see their minds open.”The week-long camp, which costs $500, splits children across four different age ranges. They then have participants spend a certain amount of time with various tech-related modules that adhere to the term Beastmode (that’s blockchaintechnology, the evolution of money and cyber security, artificial intelligence technology/virtual Reality mining and machine learning drones, online gaming, and even engineering). A few parents are able to pay for it, however children from less privileged backgrounds might be eligible for scholarships. Students receive a laptop as well as a drone, robot and an VR headset and a mobile phone that comes with a crypto wallet and all to keep. “It’s like Christmas,” Roberts says Roberts on the occasion campers receive their wallets. “They’re stoked.” She is preparing big goals: In the summer of this year, Crypto Kids Camp plans to open in six states. Then, by the end of the year, there’s predicted to have 41 locations across the country.

    There are many other kids camp that is devoted to the subject. Similar programs are offered on schools like the University of Pennsylvania and at other universities across the nation; and in Miami and naturally, online. The field of children’s media is also making money in the age of Web3: Zigazoo, a similar platform to TikTok for children aged 3-12 and up, is offering NFT-related collaborations with YouTube stars such as Cocomelon, Blippi, and Serena Williams’ Qai Qai universe. “We’re trying to teach kids about digital and financial literacy and empower them to create their own art and go build the future of the web,” claims Zigazoo the founder Zak Ringelstein. Part of this exciting new world are cryptocurrency-only digital piggy banks for children as well as books and YouTube tutorials featuring titles such as “C Is for Cryptocurrency,” and an NFT-based children’s television show with tiny cactus plushies.

    These initiatives are often marketed as being at the cutting edge of education, and are preparing the next generation of workers for lucrative careers in technology. One of the reasons for such programs for parents to be certain is that they compensate for the absence of financial education that is offered in all public schools in the US. However, underpinning this relatively new field is the question of whether blockchain technology and cryptocurrency are actually are the future that people ought to be teaching their kids for. There are numerous motives for us to think that Web3 generally is based on unproven technologies and promises which seem good on paper, but do not perform in reality in reality. Not to mention that the likelihood of being pulled by an NFT initiative or be scammed by a meme coin’s creator is higher than the traditional banking system. Maybe, some have argued that what children require is a better understanding of safer ways of investing.

    Serido’s initial suggestion to teach children about money is in line closely with Crypto Kids Camp’s recommendation: Start with something tangible, such as tangible currency, which can to demonstrate that money is an inexhaustible resource. But, she states, “the second lesson, which is probably the most important, is that what you’re really trying to help your children learn is self-regulation” which means that they require control of their impulses. Another essential aspect is to make sure they get their information from trusted sources. It’s difficult to discern information that comes from YouTube or message boards that are anonymous or from their peers.

    Teachers have noticed their students are spending more time on websites like Robinhood that allow users to buy and sell cryptocurrency. Although technically, it’s only accessible to those who are 18 or older however, many teenagers are using an account that a parent set up for them and some wallets for crypto come with no age restrictions whatsoever. Nate is a teacher from Virginia who requested not to give his last name due to fears about future employment and future employment, says that in the last two years he’s observed his students in high school develop a significant fascination with cryptocurrency, stock trading and sports betting. In class students would look at their monitors — all boys — and notice the fluctuating nature of the Robinhood line graph, or the FanDuel homepage. He’s heard a story from a teacher colleague concerning a student in ninth grade at a different school who placed bets on a college football game , and was awarded $500,000 and had to pretend his father actually had made the bet.

    Nate says he’s able to detect when a child may be engaging in possibly risky financial practices: “Once they start fanboying Elon Musk, you’ve probably got a kid who’s interested in these things,” Nate declares. He’s also seeing that middle schoolers react to the enthusiasm over NFTs and not knowing the meaning behind them. During an assignment in a class on technology that included AI-generated artwork “there were a number of sixth grade boys that were elated to see that you could turn the art into an NFT and sell it,” he adds. “They knew it was cool and trendy and their ears perked up.”

    It’s not surprising, when you consider the media’s rage over children such as British twelve-year old Benjamin Ahmad who earned more than $400,000 in just two months by selling NFTs of animated whales as well as the two siblings aged 14 and 9 who earn $30k a each month processing bitcoin. It’s the world that Gen Z and Gen Alpha were brought up in: a society in which entrepreneurs are revered as heroes and there is a magazine named “Teen Bo$dollars exists and earning money is a hobby.

    Alexander is a freelance columnist, feature writer, reporter, and copywriter focusing on all aspects of health and wellness. Contact:

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