Cardano News Today – IOHK Donates $500,000 to University of Wyoming

  • IOHK donated $500,000 to a University of Wyoming
  • The donation will promote Blockchain innovations 
  • The donation will also help develop the U.S State of Wyoming

Cardano News today – According to reports, IOHK, the company behind the Cardano protocol revealed that it has donated the sum of $500,000 to the University of Wyoming’s Blockchain Research and Development Lab. According to Charles Hoskinson, the founder of the Cardano protocol and IOHK, the $500,000 donation was reportedly made in the ADA cryptocurrency. IOHK is renowned for using a trusted scientific approach in its development of Cardano. Concerning this, the University of Wyoming fits into IOHK’s model. This year, the goal of IOHK will be in the commercialization of ADA. The University of Wyoming could make a reasonable contribution utilizing its research in smart contract applications.

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Wyoming Has A Soft Spot For Digital Money

The U.S state of Wyoming is widely known as a very friendly place for cryptos and the Blockchain technology after making more favorable legislation. At the beginning of the past year, the state of Wyoming passed two separate laws to make a legal framework that promotes crypto and Blockchain innovation. Additionally, the Wyoming Blockchain Task Force also drafted a bill that would define crypto as a legal form of money. Hoskinson, claims that this was the decisive factor for the donation:

“The supportive business environment provided by the Blockchain Task Force and the excellence of UW’s science research led IOHK to invest. We are happy to play a part in helping Wyoming’s position at the heart of Blockchain innovation.”

The University pf Wyoming Places More Trust in IOHK

Cardano News Today – The President of the University of Wyoming, Neal Theobald, said the donation by IOHK has made the University of Wyoming develop more trust in IOHK’s commitment towards playing a leading role in the education and research of Blockchain technology. He the support offered by IOHK will help the university continue its focus on the technology moving forward. This is all about innovation and discovery. In Addition to Theobald’s comments, Caitlin Long, who was a former member of Wyoming’s Blockchain Task Force said:

“We are very proud of our work with the Blockchain Task Force after making Wyoming arguably one of the most attractive locations for businesses looking to create innovative firms and develop real-world use cases for the Blockchain technology.”

We can understand that IOHK’s $500,000 donation to the University of Wyoming, in Cardano’s native cryptocurrency, ADA, will not only fund research into the real-world use cases of the Blockchain technology. It will also be directed towards the development of the state of Wyoming further in the digital asset sector.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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