BitDAO Forms 'EduDAO' — Partners With Eight Top Tech Universities

BitDAO, a decentralized autonomous organization (DAO) working in the asset management sector, has announced the formation of a new DAO with the tertiary education sector in mind.

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 new DAO's partner universities include top institutions such as UC Berkeley (Berkeley Center for Responsible, Decentralized Intelligence/Blockchain at Berkeley), Harvard University (Harvard Blockchain Club), Oxford University (Oxford Blockchain Society), University of South California (Blockchain@USC), University of Pennsylvania (Penn Blockchain), Tsinghua University (Tsinghua University Students Blockchain Association), Michigan State University (Blockchain at Michigan), and Massachusetts Institute of Technology (MIT Sloan Blockchain Club).

“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,” shared Roman Ugarte and Virat Talwar, co-presidents of the Harvard Blockchain Club.

According to EduDAO's official press release, the new organization will focus on addressing the "funding crisis and skills gap" in both blockchain research and education. EduDAO was first conceptualized by Jon Allen, managing partner for Mirana Ventures, BitDAO's venture partner. Allen is a founding member of Blockchain at Berkeley and is himself a firm believer that greater access to funding with an "explicit focus on blockchain technology" can help universities discover and nurture talent for the next generation of blockchain innovators.

"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. Bridging early-stage VC investments with innovative academic research will build the foundation for the next generation of Web3 technologies. We're starting with these eight universities to prove the concept but will soon be onboarding hundreds of schools." shares Allen.

The new organization will operate with the backing of BitDAO's $2.5 billion worth of assets under management, funding research in the field of blockchain technology and Web3 development.

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