фото показано с : invezz.com

Decentralized asset manager BitDAO has joined hands with Mirana Ventures to form a new decentralized autonomous organization (DAO) dubbed EduDAO. A report unveiled this news earlier today, noting that EduDAO comprises multiple student and campus research organizations in the US, UK, and China. The DAO seeks to raise funds for crypto-related research and development.

According to the report, EduDAO’s members include Berkeley Center for Responsible, Decentralized Intelligence; Blockchain at Berkeley; Blockchain at Michigan; Blockchain@USC; Harvard Blockchain Club; MIT Sloan Blockchain Club; Oxford Blockchain Society; Penn Blockchain; and Tsinghua University Students Blockchain Association.

Reportedly, Jonathan Allen, the managing partner at Mirana Ventures, came up with the idea for EduDAO. According to him, the DAO will manage risk by distributing raised funds in six-month intervals. In so doing, he believes members can vote to discontinue funding if the DAO is not meeting expectations.

Unlike other DAOs, which require a token to function, EduDAO might leverage a multisig wallet. This feature would need multiple member groups to use their crypto keys to sign off on any expenditures.

BitDAO claims that EduDAO members will get a chance to vote in its governance in return for their contributions. Additionally, they will get to participate in other BitDAO projects that are receiving funding. BitDAO intends to pump $11 million (£8.27 million) every year into EduDAO to give member groups the finances to research and design blockchain innovations.

Reportedly, EduDAO seeks to offer university student groups a broader reach by enabling blockchain innovation through funding, collaborating, and sharing information. To achieve this, EduDAO aims to share the findings of its research with the participating universities and the public through the BitDAO protocol.

Although the DAO’s short-term goal is funding innovation in universities, Allen pointed out that the long-term goal is democratizing education. In so doing, he believes students would not be limited by the university they attend or their geographical location because all they would need is an internet connection and the desire to learn.

He added that,

We hope to provide resources and structure to help anyone and everyone go from 0 to 1 and be able to engage with blockchain and Web3 in a meaningful way.

This news comes as DAO’s continue becoming a popular way of raising funds for a wide array of purchases or causes. A perfect example is BitDAO, which has over $2.5 billion (£1.88 billion) in assets under management (AUM).

The post BitDAO joins hands with Mirana Ventures to form EduDAO appeared first on Invezz.

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