Blockchain technology is unlocking new applications, such as cryptocurrencies, non-fungible tokens (NFTs), and other digital representations of value.

Collectively, these projects are said to be defining the next phase of the internet, known as Web3.

“As Cayman’s Web3 ecosystem continues to thrive and as interest from the wider community grows, we felt it was important to offer expert, hands-on Web3 education delivered on-island,” said Charlie Kirkconnell, CEO of Cayman Enterprise City and director at CEC’s Enterprise Cayman non-profit organisation initiative.

“As an introductory course designed for those that have not yet taken their first steps into the world of cryptocurrencies and blockchains, the Web3 101 course provides valuable insight into the real problems the technology is solving, and flags how beginners can adopt best practices in managing their crypto wallets to control their own bitcoin and NFTs,” he added in a press release.

The new Web3 educational experience offered by Enterprise Cayman allows participants to learn how to explore these revolutionary tech tools safely and productively, while learning about career possibilities within the next phase of the internet.

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The first Web3 workshop was held in partnership by the Blockchain Association of the Cayman Islands (BACI), Code Fellows, Cayman Enterprise City and Enterprise Cayman.

Participants and instructors at Web3 101, from left, Eduardo Silva, Derek Flossman, Brenda Martinez, Kevin Ramirez, Karlyn Wright, Winston Connolly, Mohamed Aboshanab, Omar Grant, Petri Basson, and Kadron Bird.

The 8-hour training session was instructed by Brook Riggio, vice president of education at Code Fellows; Petri Basson, chairman of BACI and co-founder of consulting firm HASH; and Derek Flossman, steering committee member of BACI and head of protocol engineering at MakerDAO SEZC.

“Our mission at BACI is simple,” said Basson. “We are helping to promote everything blockchain-related in the Cayman Islands. The Web3 workshops perfectly align with our educational mandate, and we were thrilled to be involved in the first iteration.”

The recent workshop welcomed a diverse group of individuals from financial services professionals to post-secondary educators and entrepreneurs.

Web3, code, and cybersecurity courses will be offered by Enterprise Cayman throughout 2023 and private classes for corporate groups and professional associations can be arranged.

Course participants, from left, Karlyn Wright, Winston Connolly, and Kevin Ramirez.