Princeton Says Crypto Chaos Helps Justify Its Blockchain Center
- University launched DeCenter a year ago with alumni support
- Leaders say it has a key role to play in wake of FTX collapse
This article is for subscribers only.
A little less than a year ago, Princeton University launched a center devoted to blockchain technology, backed by a $20 million donation – and a lot of hype – from former students and crypto advocates like billionaire Mike Novogratz.
That was, of course, before FTX imploded and its founder, Sam Bankman-Fried, was charged with fraud. The scandal felled other crypto companies and triggered a plunge in the price of Bitcoin and other digital tokens.