Tag: campus

Bentley University Rolls Out Crypto Payment Option for Tuition Fees

To offer students and their families new methods to pay tuition, US-based Bentley University has started accepting crypto payments in the form of Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). 

The private university located in Waltham, Massachusetts State, made this a reality after partnering with crypto exchange Coinbase because it sees cryptocurrencies as one of the technologies revamping the business world. 

E. LaBrent Chrite, the President of Bentley University, said:

“We’re proud to embrace this technology that our students are learning about, which will soon transform the global business landscape they’re about to enter.”

Plans are also underway for the university to accept donations and gifts in BTC, ETH, and USDC. 

Crypto interest among students grows

To educate students about cryptocurrency knowledge based on increasing demand, Bentley University intends to roll out a new crypto finance course that will primarily focus on decentralized finance (DeFi) and blockchain applications this fall.

Alex Kim, a Bentley student, acknowledged:

“Students have a real interest in knowing more about blockchain, decentralized finance and cryptocurrency investments. These technologies are influencing the industries where they will be working.”

Bentley University has shown a keen interest in the crypto space. For instance, it was among the first universities to use non-fungible tokens (NFTs) to commemorate the induction of former women’s basketball coach Barbara Stevens into the Naismith Memorial Basketball Hall of Fame.  

Institutions of higher learning are not being left out of the crypto bandwagon, given that Wharton School, one of the most prestigious business schools in the U.S., started accepting Bitcoin and other cryptocurrencies for tuition fees in October last year. 

Moreover, Citizens School, a Dubai-based educational institution, began receiving Tuition payments in Bitcoin and Ethereum in March 2022. 

HKUST Designs First Virtual Campus in the Metaverse

Hong Kong University of Science and Technology (HKUST) has chosen to ride in the waves of digital innovation and blockchain technology.

In a press release, the academic institution announced its intention to establish the world’s first physical-digital twin campuses in the Metaverse. 

This, the university believes, would enhance the teaching and learning experience. Therefore, the students will now take classes, interact with peers, and attend the open days and other events on a virtual campus.

With the use of visualization tools, cameras,  virtual reality (VR) headsets, sensors, and extended-reality classrooms, students in both Hong Kong and Guangzhou can take their classes at the same time, and in the same place. The campuses will be part of the MetaHKUST, an extended-reality classroom project co-led by Wang Yang and Pan Hui, both professors at HKUST.

Wang Yang is the Project Lead of MetaHKUST while Pan Hui is the director of the Center for Metaverse and Computational Creativity. The HKUST’s sudden advancement into the Web3.0 space is scheduled to officially take off in September. Specifically, one of the university’s students is likely to have his graduation ceremony in the Web3.0 space in December.

HKUST Leads in Academic Innovation 

Special teaching and learning aids like VR headsets, XR classrooms, and sensors will be installed for the initial testing stage. Thereafter, members of the University, both staff and student will be onboarded in a crowdsourced scanning of the physical campuses. The purpose of this is to provide the needed images for the design of the virtual twin campuses. 

The completion of this project will open HKUST to a broader network in the Metaverse. HKUST members will be permitted to come up with contents of their own. They could develop their own avatars, and design non-fungible tokens (NFTs) and other tokens or virtual artworks for the virtual world.

HKUST prides itself as an academic institution that is always the first to inculcate innovative teaching and learning processes. It was amongst the first universities to introduce interdisciplinary teaching and electronic learning (e-learning), although many universities had been integrating blockchain in some form over the years. 

Based on the University’s website post; 

“MetaHKUST is yet another major initiative of HKUST to facilitate immersive learning and connect students and research activities across different geographical locations.”

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