Here's How BloomTech Students Can Turn Ideas to Products – and Profits
Our mission at Bloom Institute of Technology (formerly known as Lambda School) is to make a lucrative career in tech accessible to anyone, which is why we’re thrilled to be partnering with Blockstack to open up a new way for our students to earn cash for their first Blockstack app while they finish their education. Students enrolled in any of BloomTech’s programs and BloomTech alumni will now have the opportunity to build Blockstack apps and earn payments through Blockstack’s App Mining program.
Blockstack is focused on protecting users’ digital rights by allowing them to control their own data on any Blockstack app. In addition to the valuable experience of learning to build real user-focused apps, students will also have the chance to earn money from the products they build. The Blockstack partnership may help students offset some costs of living and other expenses while they’re enrolled in a BloomTech program.
"At BloomTech, our goal is to remove as many barriers to high-paying careers as we can for our students,” said our CEO and co-founder Austen Allred. “We design our curriculum based on the exact criteria hiring managers look for, ensuring graduates have mastered all of the practical skills they need to succeed. The partnership with Blockstack is aligned with that mission. It gives BloomTech students a direct path for gaining real-world development experience while earning additional income for their work."
All apps built in Blockstack’s App Mining program are reviewed through the same process as other applications in the program. Every month, a team of expert App Reviewers assess the quality of all apps in the App Mining program and assign a ranking to each. Each student-built app on Blockstack will have the added benefits of comprehensive user testing videos from TryMyUI, a guided launch of their apps on Product Hunt, and marketing insights through news awareness reviewer, Awario.
The higher quality the app is, the larger the monthly payout BloomTech students could receive for their product. The payout for the top-ranking app is intended to gradually increase, with a target of $1 million in Stacks (STX) tokens by May 2020. Over 190 applications are currently a part of the Blockstack App ecosystem, and over $200,000 is currently paid out each month to developers through the App Mining program.
“We are opening a pathway for students to have hands-on experience with the newest, cutting-edge technology, while also providing real-world feedback and flexible capital,” said Muneeb Ali, CEO of Blockstack PBC. “This is the sort of program I wish was available to me when I was a young student, and I have no doubt the lessons learned here will help BloomTech students excel as they enter the innovative world of technology. The time and attention of developers is a scarce resource and BloomTech students should be able to directly monetize their programming skills instead of thinking about other part-time jobs."
The BloomTech and Blockstack teams are excited to further their joint mission of making the tech industry more accessible by giving students and alumni an opportunity to earn while they learn. To learn more about the Blockstack App Mining program, please visit https://app.co/mining. If you’re a current BloomTech X student or a BloomTech alumnus and would like to learn more about how you could earn money (including a $1,000 sign up bonus!) through the Blockstack App Mining partnership, please visit our BloomTech + Blockstack partnership page. Blockstack and BloomTech will be hosting a joint Brownbag session on August 29 at 11 AM PST.
Important disclaimer
The Securities and Exchange Commission (SEC) has qualified the offering statement that Blockstack has filed with the SEC. The information in that offering statement is more complete than the information Blockstack is providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Stacks Tokens should review Blockstack’s disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement. Blockstack is not registered, licensed or supervised as a broker dealer or investment adviser by the SEC, the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.
Forward-looking statements
This communication contains forward-looking statements that are based on Blockstack’s beliefs and assumptions and on information currently available to Blockstack. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about Blockstack’s plans, collaborations, and partnerships. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in Blockstack’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of the offering statement on Form 1-A. Blockstack cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. Blockstack disclaims any obligation to update these forward-looking statements.
