Crypto Educational Startup Open Campus Raises $3 Million from Binance Labs
Crypto educational startup Open Campus has secured $3.15 million in funding from Binance Labs, the venture arm of cryptocurrency exchange Binance. The investment will enable Open Campus to attract new users to Web3 and enhance participation in education through the introduction of Publisher NFTs. Following the announcement, the project’s native token, EDU, experienced a 6% surge in value, reaching $0.65. This funding aligns with Open Campus’ mission to decentralize education and support educators by exploring innovative methods. Yat Siu, co-founder of Animoca Brands and a council member of Open Campus, expressed excitement about the involvement and support of Binance Labs, believing it will strengthen efforts to onboard educators and content creators worldwide.
Early Support from Binance
Open Campus received early support from Binance when it appeared on the exchange’s crowdfunding platform, Binance Launchpad, in April 2023. The token sale description page revealed that over 9 million Binance Coin (BNB), equivalent to $2 billion, was committed by 120,000 users on Binance for Open Campus.
Hot Take: Open Campus Empowers Education Through Crypto
Open Campus’ partnership with Binance Labs exemplifies its commitment to revolutionizing education using cryptocurrency technology. By leveraging NFTs and Web3, Open Campus aims to create a decentralized learning ecosystem that empowers educators and content creators worldwide. The substantial funding provided by Binance Labs will accelerate the adoption of this innovative approach to education and help attract more participants to the platform. As digital property rights become increasingly prevalent in education, Open Campus is at the forefront of shaping the future of learning by providing novel opportunities for collaboration and content monetization.
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