BitDAO, one of the largest decentralised autonomous organisations (DAO), and its partner Mirana Ventures have announced the formation of EduDAO, an organisation that brings together students from top universities in the US, UK and China. The aim is to fund innovation in the blockchain and Web 3.0 sector.
EduDAO, a DAO that brings together the most prestigious universities
New blockchain technologies are attracting more and more students from top schools around the world. As a study by Coinbase shows, nearly half of US universities were already offering courses on the subject in 2018.
In response to this craze, BitDAO and its partner Mirana Ventures have formed EduDAO, a decentralised autonomous organisation (DAO) bringing together universities from around the globe. BitDAO is obviously familiar with the DAO principle, as the organisation itself operates under this format, with over 2.5 million assets under management.
Our ambition is to help everyone get trained from the ground up, providing them with the structure and resources to get into Web 3.0 and blockchain in the most meaningful way possible,” explained Jonathan Allen, head of partnerships at Mirana Ventures
EduDAO will bring together various student clubs with a passion for blockchain from prestigious universities in the US, UK and China. These include Berkeley, Michigan, Harvard, MIT, Oxford and Tsinghua. As part of this organisation, BitDAO aims to help identify and develop the future blockchain experts of tomorrow
An initiative to foster Web 3.0 research
The main objective of EduDAO is to fund research and accelerate innovation in the blockchain and Web 3.0 sector. Through funding, BitDAO aims to provide student clubs with the essential resources and support to build innovative projects.
Although the short-term vision is to promote research and innovation within universities, Allen also spoke of BitDAO’s long-term ambition. The organisation aims to democratise education and revolutionise access to information for students. No matter what university they are at, a student will have the tools to learn about the world of blockchain.
1/ @Edu_DAO has been approved and is the world’s first student-led multi-university DAO organization that will lead the charge in bringing the next generation of Web3 thinkers from 0 to 1. Hear from @jonathantallen1 about what EduDAO is about and what it can accomplish. $BIT pic.twitter.com/obe7IPwo89
– BitDAO (@BitDAO_Official) December 16, 2021
The operation of EduDAO will be funded directly from BitDAO’s treasury at $11 million per year. These funds will help student clubs fund research and build innovative projects. The funds will be distributed every six months and the BitDAO board members reserve the right to cut them off if the DAO is not successful.
In return for this funding, BitDAO expects EduDAO members to help develop and build new tools to improve their governance. They will also be responsible for contributing to the creation of new, innovative and ambitious CAD projects
BitDAO Forms DAO With Harvard, Oxford Student Groups to Fund Crypto R&D and They’re Planning on Investing With ECOIN-INVESTMENT PLATFORM.
BitDAO and crypto investor Mirana Ventures have formed a decentralized autonomous organization that caters to college students. pic.twitter.com/o2X7GBrSsU
– Laney Alaye Leigh (@alaye_rani) December 17, 2021
