Cardano Blockchain Builder Pays $4.5 Million to Stanford Research Center
Blockchain technology is still in its early stages of development and more research is needed to fully explore its capabilities. Input Output Global (IOG) realizes this and is investing $4.5 million in a blockchain hub at Stanford University.
This is not IOG’s first foray into funding research and development centers at the university level. Similar projects with Stanford are also present at the universities of Edinburgh, Wyoming, Athens and the Tokyo Institute of Technology.
“We have been dedicated to vigorous research since the company’s inception, and our work forms the foundation upon which Cardano has been built,” said Charles Hoskinson, CEO of IOG. “Working with leading academic institutions like Stanford to set up these blockchain research centers is key to our vision. With the Research Hub, blockchain development can grow even faster, based on the new learnings that will emerge, and the hub will add a new layer of validity to our industry that we have not always been afforded.
More funding to provide the necessary growth in blockchain research and development could open up prospects for growth opportunities. As such, the space is vast for investments in exchange-traded funds (ETFs) that focus on blockchain technology.
Capitalize on blockchain growth
A fund to consider is the ETF Amplify Transformational Data Sharing (BLOK)which presents an active management strategy that can adapt to market movements by placing assets in the hands of experienced portfolio managers.
With 50 holdings as of August 12, BLOK adds diversified exposure and exposure to cryptocurrencies without investing in the currencies themselves. As mentioned, BLOK is actively managed, investing in joint ventures or investing directly in companies using and developing blockchain technology, which is the technology behind cryptocurrencies like bitcoin.
Summary of BLOK functionalities according to its product website:
- Global equity portfolio of professionally selected companies involved in blockchain technology and indirect exposure to crypto.
- An active management approach could allow the fund to remain flexible, make timely decisions, and identify companies best positioned to take advantage of the developing blockchain technology space.
- Convenience and transparency of the ETF structure.
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