A gubernatorial candidate in Venezuela, José Alejandro Terán, has vowed to provide scholarships to citizens who wish to attend the Technical Training Center for Mining and Administration of Digital Crypto Assets.

The National Superintendence of Cryptoassets (SUNACRIP), Axie Infinity Academy, the political party Independientes con Terán, and the youth of the United Socialist Party of Venezuela will all contribute to the scholarship (JPsuv).

The effort was established as part of the La Guaira Digital program by the aspiring governor, who supports the country’s ruling party. The goal of the program is to accelerate growth and bring economic stability to the country.

The scholarship recipients will receive specialized instruction in nonfungible tokens (NFT), crypto mining, and trading at the training center.

Thousands of employment will be created as a result of the scholarship – Terán

The governorship candidate emphasized that the scholarship is about building capability and that his proposal will create a thousand jobs.

“I feel that by helping young people build multiple sources, we ensure economic stability for their families. 1,000 jobs in a year, write it down!”

He also stated that the Axie Infinity academy-led instruction would involve network and mining equipment installation and repair, as well as crypto trading.

Venezuelans are embracing cryptocurrency

Venezuela is ranked sixth in the Global Crypto Adoption Index, according to data compiled by Chainalysis.

Even before El Salvador became Bitcoin legal tender, cryptocurrency remained one of the most popular ways of transaction in the South American country. To mitigate the economic impact of its failing currencies, Venezuela has launched its digital asset (Petro) and approved the use of cryptocurrencies.

The media has been buzzing recently about how Simón Bolivar International Airport, also known as Maiqueta International Airport, will accept Bitcoin, Dash, and Petro — Venezuela’s native cryptocurrency backed by oil reserves — as payment options for the two million passengers who pass through the airport each year.


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