Harvard, MIT, Oxford, and Berkeley to promote Web 3.0 innovations

Sponsored by BitDAO treasury, some top universities are going to promote Web 3.0 innovations by forming EduDAO.

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Top universities will use EduDAO funds to learn, study and encourage innovation on Web 3.0.

An eight-university collaboration has formed EduDAO, one of the world's biggest decentralized autonomous organizations (DAOs) with over $2.5 billion in assets under administration, including UC Berkeley; MIT; Harvard; and Oxford University.

The BitDAO treasury funds EduDAO, which will use $33 million in initial cash to support project awards, research, and stand-alone product development at a cost of $11 million annually. It will be used for academic research on blockchain and Web 3.0 technologies for the future.

some figures expressed their ideas in support of this move. The co-founder of Mirana Ventures said:

"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,"

The co-presidents of the Harvard Blockchain Club are also positive about this collaboration. Roman Ugarte and Virat Talwar said:

"Placing the power of targeted funding and information distribution in the hands of a decentralized collective of students, faculty members, and alumni is a revolutionary step forward for institutions such as Harvard."

The deputy director of UC Berkeley's Center for Responsible, Decentralized Intelligence (RDI), Jocelyn Weber Phipps, added:

"UC Berkeley is honored to partner with EducationDAO and further build on our new Berkeley RDI Center’s efforts to act as a hub and platform for collaborations globally with other organizations & researchers, as exemplified in leading the first DeFi MOOC with thousands of students enrolled from 30+ countries and our non-dilutive Berkeley Blockchain Xcelerator open to teams around the world."

 

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