After paying the state, UW will support blockchain projects in other Wyoming colleges.
The university has not yet disclosed which cryptocurrencies will be added to its staking program.
Wyoming’s governor has signed an appropriations bill that will allocate £2.87 million to a crypto staking program that will be run by the University of Wyoming. Caitlin Long, the founder and CEO of Avanti Bank and Trust, unveiled this news on April 28, noting that the staking project will include at least three cryptocurrencies. The gains from the staking pools will go to the university.
NEWS NOT REPORTED YET: State of #Wyoming appropriated $4m for nodes/staking in at least 3 cryptocurrencies, run by Univ of Wyoming. This kickstarts program where gains from this pool, if matched by private donations, go to fund UWyo! @rothfuss https://t.co/LDul3iGtS4pic.twitter.com/KxFVm5YhLp Caitlin Long (@CaitlinLong ) April 28, 2021