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.
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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