Innovative Funding

Extending the internet to schools worldwide takes resources (the Broadband Commission estimates internet extension just in Africa to be $109 billion over a decade).

Funding sources will be varied, involving governments, private industry, multilaterals, bilaterals, and philanthropies.

One organization exploring innovative funding models is UNESCO, which announced in 2019 a new cryptocurrency fund to receive, hold and distribute cryptocurrencies to partners. The fund received its first donation of Ethereum and Bitcoin valued at approximately $25,000 from the Ethereum Foundation. The funds reportedly will support Project Connect and internet connectivity for schools.

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