In a significant development for the Web3 education space, Open Campus (EDU) experienced a remarkable 190% surge in trading volume following a substantial investment from Binance Labs. Coinstats reported a subsequent 10% increase in the project’s native token value, although it retraced to $0.58 at the time of writing.
Established in 2022, Open Campus is a forward-thinking blockchain project set to revolutionize education by creating a decentralized marketplace for content, games, and courses on the blockchain. The project, committed to providing education to every child with internet access, has gained attention with its unique approach.
Binance Labs, in a press release on Monday, disclosed a $3.15M investment in Open Campus. This infusion of capital aims to pioneer Web3 integration in education, introducing novel Publisher NFTs to attract new users and enhance engagement for existing ones.
As our Publisher NFT Season 2 mint is underway, here's a surprise for our frens here 🥁@BinanceLabs is investing in Open Campus to empower our way to tokenize more content and broadly onboarding education on-chain 💪🎓📚https://t.co/z4S1atS38T
We are more than grateful to be…
— Open Campus (@opencampus_xyz) November 27, 2023
The innovative ‘Publisher NFTs’ by Open Campus grant co-publishing rights to course creators, enabling direct support for educational materials. Through smart contract-based transactions, content creators can use these NFTs to generate and share revenue with co-owners, ensuring a fair distribution based on each participant’s contribution.
Yi He, Co-Founder of Binance and Head of Binance Labs, expressed excitement about the collaboration, citing Open Campus’ application of Web3 tokenomics to provide high-quality education. He emphasized the education industry’s potential as a key sector for onboarding users to Web3.
Yat Siu, co-founder of Animoca Brands and Open Campus council member, highlighted the platform’s mission to decentralize education and lauded Binance Labs’ involvement, anticipating a boost in efforts to onboard educators and content creators worldwide. The partnership aims to explore the intersection of education and blockchain, ushering in a new era of digital property rights in the educational landscape.
