BitDAO announces DAO incubator for student crypto initiatives
BitDAO, one of the world's largest decentralized organizations backed by Peter Thiel, Pantera, Dragonfly, Bybit and others, has announced a new DAO incubator.
The project, called EduDAO, will reportedly raise $11 million annually to sponsor student projects. The partners of EduDAO will be Harvard and Oxford University, Tsinghua University in China and the University of California at Berkeley. It remains unclear, however, which educational institutions will have access to EduDAO grants.
At launch, EduDAO will receive $33 million in venture capital investment for early-stage projects to support the next generation of blockchain networks and Web3-based technologies. It is expected that EduDAO could later expand to hundreds of institutions, including the Massachusetts Institute of Technology and the University of Pennsylvania.
