fbpx

A partnership has been formed with the Algorand Foundation and Israel’s leading research university, Bar Ilan (BIU), to support blockchain education.

In a post, the foundation said that the partnership, which comes as a grant, also seeks more involvement in the Algorand blockchain.

The grant’s beneficiaries, who are majorly post docs and graduate students in cryptography will cover different topics, including homomorphic secret sharing, advances in private-information retrieval and oblivious RAM, private set intersection, threshold signatures, and function secret sharing.

CEO of Algorand Foundation, Sean Lee said:

“We look forward to supporting the 12th BIU winter school, which will support the next generation of cryptographers through educating them on the disruptive potential of blockchain. Education will facilitate further blockchain adoption, a key focus in the ongoing development of the global Algorand ecosystem.”

As part of the efforts of the BIU to reach a global audience, other interested students can learn on YouTube. Also, Algorand Foundation invited everyone interested to submit relevant projects to be considered for the grant.

This collaboration is included among the inroads of Algorand to popularize its blockchain, to achieve mainstream adoption. In 2021 September, the platform had a deal with DRL (Drone Racing League) worth $100 million to help power different initiatives based on the Algorand blockchain.

DRL plans to introduce fan transactions, collectibles, crypto-powered ticketing, collectibles, and non-fungible tokens with this deal. This partnership with different entities will most likely affect ALGO’s price positively. Over the last year, ALGO saw a significant increase in value by more than 235%.

The token’s performance has been good compared to the general crypto market. During the recent volatility of the market, the coin rose by 45% from the recent low of $1.2, which it attained on Dec. 20.

Disclaimer: Information found on Blue Edge Crypto is those of writers quoted. It does not represent the opinions of Blue Edge Crypto on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.