Even though the crypto market is currently facing faltering conditions, whether from the FTX crash affecting other companies as dominoes, the community expects the FTX crisis to affect the crypto market. during long bear market conditions
But Cardano appears to be unaffected by the incident and is continuing to push for university funding to develop a Blockchain Hub.
Recently, Input Output, a software company that supports Cardano Blockchain, has invested $4.5 million in grants to the University of Edinburgh to allow it to build a Blockchain Hub project with Input Output.
Students and researchers can also get funding to work on Blockchain projects, and the allocation of funding is up to a panel of judges from Input Output and the University of Edinburgh.
Input Output community vice president Tim Harrison said the University of Edinburgh will have more announcements to come this Friday.
Input Output and the University of Edinburgh have been working on blockchain technology labs since February 2017. PhD students can join other projects such as Blockchain, Cryptography, Economics and Computer Science.
Cardano founder Charles Hoskinson said the investment was a significant move to help accelerate the development of blockchain.
Earlier in August, Input Output announced the establishment of a research center at Standford University, investing over $4.5 million in funding that could be used for more than two years of blockchain projects.
Cardano also plans to fund blockchain education and research in Tokyo, Japan.
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