BitDAO has launched EduDAO, a program that aims to educate some of the world’s finest students on DeFi and decentralized technologies.
EduDAO has collaborated with many student groups at eight of the world’s finest institutions, including Berkeley, Harvard, and MIT. BitDAO supported the initiative with a 33 million USD initial investment, of which 11 million USD will be awarded to student groups each year.
In exchange, the receivers will help create the BitDAO ecosystem by participating in the decentralized governance of the BitDAO treasury. Jon Allen, the founder of EduDAO and a founding member of Berkeley Blockchain, commented:
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.
BitDAO is one of the largest Decentralized Autonomous Organizations, with the purpose of assisting decentralized economy architects. Its treasury displays 2.58 billion USD in token holdings, with the largest assets being ETH, FTT, and the DAO’s governance token, BIT.
The BIT IDO on SushiSwap was a big success, raising over $250 million in just 50 minutes. Since its initial launch in August, the coin has gained power with a 15.6 percent price increase. BIT is now trading for 1.85 USD at the time of writing.
