On Friday, Crypto.com announced it has committed to a four-year gift to the Digital Currency Initiative (DCI) at the Massachusetts Institute of Technology’s (MIT) Media Lab.
According to the announcement, “The gift aims to support DCI’s research in the security of Bitcoin (BTC) and to support open-source development of protocols that underlie the network.”
Crypto.com went on to say, “The gift is designed to support continuing research efforts into the stability of fee-based rewards and software to provide strong robustness and correctness guarantees.”
Crypto.com views MIT’s Digital Currency Initiative as critical to building a ‘sustainable blockchain ecosystem.’ Crypto.com Chief Operating Officer Eric Anziani said,
“We are excited to further support blockchain research across the globe with such an esteemed institution and help accelerate the world’s safe transition to using cryptocurrencies.”
For Crypto.com, it is not the first brush with academia, which also supports a Carnegie Mellon University Secure Blockchain Initiative. Crypto.com is a member of the Blockchain Association of Singapore. The Association collaborates with corporations and universities worldwide to ‘improve blockchain technology.’
This year, Crypto.com was a platinum sponsor of the MIT Fintech Conference alongside Visa. The platform’s native token, Cronos, currently ranks #19 on CoinMarketCap, with a market cap of $12,246m.