- Carnegie Mellon university receives USD 4 million in MakerDAO tokens
- Funds to be spent on game theory and DAO research
Carnegie Mellon University in Pittsburgh, Pennsylvania has received up to USD 4 million worth of MakerDAO coins (around MKR 10,000) for conducting decentralized research. The amount itself was donated by a former makerDAO contributor and a former university alumnus.
Nikolai Mushegian, the MakerDAO developer had announced the donation via twitter, initially promising MKR 3,200 (USD 1.3 million) and also making further commitments of MKR 6,800 (USD 2.9 million). The research’s focus according to Nikolai Mushegian will be decentralized autonomous organizations and game theory mechanisms on which Bitcoin’s network is itself based.
Mushegian raised some valid concerns regarding the profiteering of the sector and stated that he trusted the system to come up with useful original research for the field as it was desperately needed. The university is not under direct pressure from the bigger players to only proceed in the sectors that only they want to be pursued. Game theory and DAOs can be dangerous to the operations of corporations.
Carnegie Mellon has one of the best computer science departments in the world and is constantly ranked at Number 1 in the world along with the Massachusetts Institute of Technology (MIT), Stanford and Berkeley. The university is also progressing in blockchain and cryptocurrency technology as it has launched a university-only CMU token and asked the students to work on its use cases.
Image Courtesy: pixabay.com