Despite turbulent economic times, cryptocurrencies have still outperformed many of the world’s most valuable companies in terms of annual returns. At one time in late 2021, the entire crypto market even surpassed Apple’s market cap of $2.5 trillion.
Moreover, as the conversation continues to grow about adopting cryptocurrencies and blockchain into mainstream society, it’s no longer possible to dismiss the technology. Additionally, the currency and payment sectors are in desperate need of new ideas.
So to shed light on cryptocurrencies, Web3, and DeFi, as well as increase public education and awareness, Phemex has launched a student-centered research effort called the Phemex Student Foundation.
In short, it’s a fellowship foundation for world-class students to conduct research on these emerging industries.
Cryptocurrencies have received lots of attention (and scrutiny) over the past few years. In fact, many universities worldwide have already launched their own majors and curriculums to study the topic, but generally speaking, there’s less of a push from higher education to advance the field.
There’s also a hesitation to introduce solutions like fintech payment rails and Web3 digital assets that may threaten hard currencies and financial stability.
However, this thinking model isn’t sustainable long-term. Innovators and young entrepreneurs have already begun developing new ways of doing things, and as a result, have created a $1 trillion dollar industry in under 10 years.
This is why Phemex wants to support student researchers. Students from the 2000s generation are tech-savvy, quick learners, and motivated to explore ways to make a difference. Through this fellowship initiative, they’ll have the opportunity and spotlight to do that.
So by giving students the opportunity to break into the field and conduct their own research, Phemex is creating a positive feedback loop that includes: educating the public, giving back to the community (aka the students), and creating research that can benefit the crypto investing world.
On March 1st, Phemex welcomed its first group of student researchers from Northeastern University, the University of Michigan, Vanderbilt University, and the University of Denver.
Now it’s launching the second cohort, which includes additional schools such as Rowan University, New York University, and the University of the Cumberlands.
The program has students majoring in data science, business, computer science, international studies, finance, math, and economics. So everyone comes from a variety of different backgrounds and levels of skill. It’s an understatement to say that these youngsters are gifted.
In an 8-12 week time span, the student fellows will partake in Phemex-guided research modules. The objective here is to produce a thesis-like final paper that will be featured on the company’s website.
Two other features of the program include a career path panel, featuring Phemex CEO, Jack Tao, and a series of webinars that will feature outside experts to talk about the industry.
In the end, the students who participate in the program will gain a step forward in the industry and will have a solid foundation to advance their future studies and careers in crypto.
True scholarship is not achieved in weeks or days, so it’s the hope of Phemex that these students will inspire others to break into the industry and learn about crypto.
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