On March 11, Princeton University launched an initiative to study the decentralization of social power through blockchain technology, in an attempt to explore the technology’s enormous depth in terms of social capabilities.
Princeton’s Venture Forward campaign received $20 million in donations from prominent alumni Peter Bridger of Fortress Investment, Ethereum co-founder Joseph Lubin, Pantera Capital CEO Daniel Morehead, and Galaxy Digital CEO Mike Novogratz.
The initiative aims to study how modern technologies, especially blockchain, can intervene and change social norms. On March 11, a video released by the university stated that “we are still at a very early stage in understanding the opportunities and challenges associated with cryptocurrencies and blockchain.”