Zhiyuan Sun reports in cointelegraph.com that "BitDAO, one of the world's largest decentralized autonomous organizations with over $2.5 billion assets under management and its partner Mirana Ventures, announced the creation of EduDAO with eight of the world's top universities including the University of California Berkeley, MIT, Harvard and Oxford University.
EduDAO is financed by the BitDAO treasury and will allocate $11 million each year to funding project grants, research and standalone product development with $33 million in initial capital. The funds will go to academic research for next-generation blockchain and Web 3.0 technologies.
"Tomorrow’s most promising products and designs are being devised at the university level right now; this partnership facilitates that growth at a scalable level by giving students and faculties access to sorely needed investment capital," said John Allen of Mirana Ventures."
Source credit and full story - https://cointelegraph.com/news/universities-including-berkeley-mit-harvard-oxford-to-form-edudao-to-promote-web-3-innovations-financed-by-bitdao-treasury
It is nice to see that DOA, Crypto and Blockchain itself funding the research and development at the university level. This is how crypto and blockchain going to transform every aspect of our life.
Free Bitcoin - Poorman's Bitcoin related links:
How to build your own bitcoin mining pool for free:
@successforall/poor-man-s-bitcoin-why-i-use-crypto-tab-browser-as-my-free-bitcoin-mining-pool
Relaunching Minnows Helping Minnows Project With Cub DeFi - Free DeFi - Poorman's DeFi
@successforall/relaunching-minnows-helping-minnows-project-with-cub-defi-free-defi-poorman-s-defi