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Why has Harvard University invested in Blockstack’s token sale?
by
loicuagio1979
on 12/04/2019, 05:43:06 UTC
According to https://www.chepicap.com/en/news/8836/harvard-becomes-first-major-university-to-directly-invest-in-a-crypto-token.html , Blockstack sold 98.53 million tokens for Harvard Management Company’s affiliates. The question is why Harvard decided to invest in BlockStack's token sale?

Firstly, Blockstack CEO, Muneeb Ali said that "Upon approval, the offering is expected to be the first SEC-qualified token offering of its kind. The net proceeds of the offering will be used to accelerate the development of the Blockstack decentralized computing network and app ecosystem,"
Secondly, I think that, Harvard has too much money and they found out that Blockstack is a good deal in the future because they used to buy a lot of mortgage back securities in 2008
Thirdly, Harvard, because of using Blockstack's ecosystem, can lower their tuition for their students and help parents to transfer money to their children quickly.

What's your thought?