The owners of cryptocurrency assets and different organizations donate money to well-known universities. Such colleges as Stanford, Princeton, Puget Sound, Cornell and others, accept digital currency donations or have major crypto sponsors. In addition, many prestigious universities in the world are the optional courses devoted to the blockchain technology.
Recently there has been a trend of financing the education sector at the expense of resources of the ecosystem of digital currencies. For example, in early January of this year, entrepreneur Mike Novogratz donated a portion of their cryptocurrency assets to Princeton’s Bridge Year Program. This initiative allows students to receive financial support from educational institutions while living and studying in China, Bolivia, Senegal, Indonesia, India and similar regions for nine months.
Stanford University also has a number of corporate donors that help to fund the engineering section. In the Stanford's list of scholarship organizations include Ethereum Foundation, Omisego and Vechain. In early January, Holberton School in New Haven received 10 thousand dollars in bitcoins from the Scroll Network’s founder Nathan Pitruzzello. In November 2017, Echolink Foundation transferred 50 thousand dollars in bitcoins to UC Berkeley. In 2014, the co-founder and vice chairman of Blockchain, Nicolas Cary, donated a 14.5 BTC (10 thousand dollars) to the University of Puget Sound.
In addition, universities with huge financial opportunities to invest in the cryptocurrency funds. In may 2018, the Ivy League school Yale had invested in the cryptocurrency fund Paradigm, which is backed by Pantera Capital’s Charles Noyes and Coinbase cofounder Fred Ehrsam. A couple of days ago it became known that the endowment of the University of Michigan has backed a cryptocurrency investment fund supervised by Andreessen Horowitz. Investment in cryptocurrency funds are also involved MIT, Harvard and Stanford universities.
The vast majority of universities, or otherwise associated with digital assets, conduct courses on cryptocurrency, smart contracts and blockchain. To date, 42% of the globe’s top 50 universities offering at least one accredited course that teaches blockchain-related research. Moreover, the Holberton School in New Haven and Boston’s MIT give students certificates of graduates, which are created using the BTC chain.
According to the Coinbase research study, students are increasingly interested in the ecosystem of digital currencies. For example, a blockchain course, launching in the New York University Stern School of Business in 2014, registered 35 students. In 2018 the number of those wishing to attend these courses has risen to 230.