In March, the University announced plans for an alumni-backed initiative to STUDY THE POTENTIAL BENEFITS AND PITFALLS OF BLOCKCHAIN, the technology behind cryptocurrencies. Based in the School of Engineering and Applied Science (SEAS), the initiative will span engineering, social sciences, public policy, economics, and the humanities.
The initiative received initial funding from four donors: Peter L. Briger Jr. ’86, principal and co-CEO of Fortress Investment Group; Joseph M. Lubin ’87, co-founder of the blockchain and cryptocurrency platform Ethereum and CEO and founder of ConsenSys, a blockchain company; Daniel W. Morehead ’87, founder and CEO of Pantera Capital; and Michael E. Novogratz ’87, CEO of Galaxy Investment Partners. The total amount of the gift was $20 million, according to the University. Princeton spokesman Michael Hotchkiss said that the University and the donors are “discussing what form the gifts will take,” adding that “Princeton is open to considering gifts in cryptocurrency.”
Emily Sánchez ’22 has been awarded a yearlong FELLOWSHIP FROM REACHOUT 56-81-06, an alumni-funded venture of the classes of 1956, 1981, and 2006 that supports public-service projects after graduation. Sánchez, a history concentrator who grew up in Clifton and Paterson, New Jersey, will develop a podcast series on the history of Latino communities across her home state.
Regular-decision applicants to THE CLASS OF 2026 received their admission decisions electronically March 31. The University, following its recently announced policy of not disclosing data during the admission cycle, did not say how many students applied or were accepted this year. The class is expected to have about 125 additional students as Princeton begins an expansion that will eventually add 500 undergraduates to the student body.