Cardano's-Parent IOHK donates $500,000 to the University of Wyoming

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IOHK, the company behind the Cardano project, has donated $500,000 to the University of Wyoming.

Blockchain development in Wyoming gets a boost from an IOHK donation.

Blockchain development in the U.S. state of Wyoming has just got a major boost, thanks to a donation from IOHK. The company, founded by Ethereum co-founder Charles Hoskinson, has donated $500,000 in ADA, the native cryptocurrency of Cardano, to the University of Wyoming's Blockchain Research and Development Lab.

In a press release shared with CryptoSlate, IOHK said that the work of the Wyoming Blockchain Taskforce has made Wyoming one of the world's leading destinations when it comes to legislatively-enabled blockchain innovation.

Caitlin Long, a former member of the Wyoming Blockchain taskforce, said that the work they've done has made the state of Wyoming an attractive destination for blockchain development.

The donation will enable graduate students and faculty at the University of Wyoming to develop practical applications for blockchain in real-world use cases, the company said.

Charles Hoskinson, the CEO of IOHK, said that the company was happy to play a part in putting Wyoming on the map when it comes to blockchain.

The research being done at the university and the country supportive environment was what led IOHK to invest in Wyoming.

The acting president of the University of Wyoming, Neal Theobald, thanked IOHK for the donation, saying it was a significant financial contribution.

Long also noted that the $500,000 worth of ADA from IOHK will affect more than just the University of Wyoming.

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