The educational sector is interested in integrating the crypto technology in it as well. Harvard University has recently come forward saying it wants to invest in cryptocurrencies and the endowment fund has also invested in cryptocurrency through the Blockstack. Blockstack is blockchain firm and it was able to collect over forty-eight million dollars ($48 million).
Since the beginning of the crypto space, its only goal is to be introduced and integrated into all the applicable sectors. Recent news suggests that a Harvard representative will be becoming a member of the Blockstack LLC. Blockstack is now issuing contracts by launching a large number of securities for a very low price.
Similarly some representatives from the Lux Capital and Foundation capital will also be a part of Blockstack LLC. The representatives involved have invested in stack token worth the price of over ninety-five million dollars ($95 million).
The co-founder of Morgan Creek Digital said that Harvard University’s decision only shows that it trusts the influence and potential of the technology and wants to own tokens in a decentralized space. The endowment fund of Harvard is the largest in the whole world with a hefty thirty-nine billion dollars in its pocket ($39.2 billion). Even though Blockstack is a new startup it has twenty-one employees and owns assets worth thirty-two million dollars ($32 million).
Following in Harvard’s footsteps other universities plan to invest in cryptocurrency as well this is why Yale is also trying to enter the crypto space. Universities are now offering courses in DLT technology and cryptocurrencies so that the new generation can study and understand the technology and hopefully help it thrive.
This recent activity suggests that the educational sector is interested in investing in this new technology. This signifies that the financial market is finally giving crypto and blockchain technology the attention it deserves.