BitDAO, one of the largest decentralized autonomous organizations (DAOs), and its partner Mirana Ventures announced the formation of EduDAO, an organization that brings together students from the most prestigious universities in the United States, the United Kingdom and China. The goal 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 Coinbase study shows, nearly half of U.S. universities were already offering courses on the subject in 2018.
In response to this craze, BitDAO and partner Mirana Ventures formed EduDAO, a decentralized autonomous organization (DAO) that brings together universities from around the globe. BitDAO is obviously familiar with the DAO principle, as the organization 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,”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 U.S., U.K. and China. These include Berkeley, Michigan, Harvard, MIT, Oxford and finally Tsinghua. Within this organization, BitDAO wants to help identify and bring out the future blockchain experts of tomorrow.
An initiative to foster research on Web 3.0
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.
While the short-term vision is to promote research and innovation within universities, Allen also shared BitDAO’s long-term ambition. The organization aims to democratize education and revolutionize 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.
The operation of EduDAO will be funded directly from BitDAO’s treasury at $11 million per year. These funds will help student clubs subsidize their research and build innovative projects. They will be distributed every six months and BitDAO board members reserve the right to cut them off if the DAO does not perform well.
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.