The funds made available by Jay-z and Jack Dorsey are dedicated to fund crypto projects in Africa. For people who don't know, Africa is one of the fastest growing technology continent at the moment. They have cited this and are trying to take advantage of it. Jack Dorsey has always been a fan of crypto, especially in Africa. Back in 2020, he tweeted that Nigerians can send funds using bitcoin during the end Sars protest that happened a while back.