It was revealed that the University of Michigan Foundation is planning to invest in cryptonetwork technology fund (CNK Fund I).
cryptonetwork technology fund (CNK Fund I) is a fund launched under Andrewsen Horowitz company based in Silicon Valley based venture capital of America.
This investment by the University of Michigan Foundation is attributable to the expectation of Andriessen Horowitz’s future cryptocurrency industry, Andriessen Hollowitz said that cryptocurrency has become one of the most important innovations .
According to the report, the University of Michigan Fund already invested 3 million dollars in 2018. As some news has been in the past, now some of the famous university donations have been focused on the crypto currency and are boosted funds.
Last year, in October 2018, an investment of 4 million dollars was made by Yale University Foundation, a cornerstone of the Ivy League. Investment in the cryptocurrency industry is seen one after another in that same year as investment by Harvard Foundation, Stanford University Fund, and MIT Fund was also reported.
Article Source: University of Michigan Foundation
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Author: shimada – Source Post: https://crypto-times.jp/theuniversityofmichigan-investment/
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