Cardano Blockchain Builder Pours $4.5M into Stanford Research Hub
Blockchain technology is still in its infancy 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 attempt to fund research and development hubs at 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 energetic research since the beginning of our business, and our work forms the foundation on which Cardano has been built,” said Charles Hoskinson, CEO of IOG. “Working with leading academic institutions like Stanford to set up these blockchain research nodes 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 sector that we have not always been able to afford.”
More funding to provide the necessary growth of blockchain research and development could provide opportunities for growth opportunities. As such, the space is rich for investments in exchange-traded funds (ETFs) that focus on blockchain technology.
Take advantage of Blockchain growth
A fund to consider is Amplify Transformational Data Sharing ETF (BLOK)which has an active management strategy that can flex with the movements of the market by placing holdings in the hands of experienced portfolio managers.
With 50 holdings as of August 12, BLOK adds diversified and cryptocurrency exposure without investing in the currencies themselves. As mentioned, BLOK is actively managed, invests in companies that collaborate with or invests directly in companies that use and develop blockchain technology, which is the technology behind cryptocurrencies such as bitcoin.
Summary of BLOK’s features per product website:
- Global equity portfolio of professionally selected companies involved in blockchain technology and indirect crypto exposure.
- An active management approach can enable the fund to remain flexible, make timely decisions and identify companies best positioned to profit from the evolving blockchain technology space.
- Convenience and transparency of the ETF structure.
For more news, information and strategy, visit Crypto channel.
