Breaking News: Open Campus Launches EDU Chain with Support from Arbitrum
Open Campus has recently secured a grant from the Fondazione Arbitrum to unveil EDU Chain, marking the birth of the first layer3 blockchain tailored for the education sector. The project has received backing from various partners, including Animoca Brands.
Arbitrum Foundation Backing EDU Chain, a Revolutionary Layer3 Blockchain for Education
Open Campus, a decentralized protocol focused on education, has proudly announced the receipt of a grant from the Arbitrum Foundation to kickstart EDU Chain. This groundbreaking initiative represents the world’s first educational blockchain, operating as a Layer3 (L3) Rollup constructed on the Arbitrum Orbit Stack.
“We are thrilled to unveil EDU Chain with the support of the Arbitrum Foundation. The future of on-chain education will be powered by @arbitrum”
- Open Campus will bolster the Arbitrum Ambassador Program through educational content endeavors
- The protocol will engage in Arbitrum’s hackathon competitions, offering incentives to developers creating dapps for EDU Chain
- Currently, Open Campus collaborates with 60 partner companies in the education and Web3 sectors, collectively reaching 20 million students
Arbitrum’s Role in EDU Chain: Pioneering Blockchain for the Education Sector
The core objective of the “Learn Own Earn” model by EDU Chain revolves around establishing an ecosystem of decentralized applications (dapps) catering to students and educators. The EDU Foundation is constructing EDU Chain as an Arbitrum Orbit Stack L3 Rollup, facilitating Layer 3 transactions to settle on Arbitrum’s Layer 2 (L2) scaling solution for Ethereum.
Among the 60 partner companies is Animoca Brands. Yat Siu, co-founder and executive chairman of Animoca Brands, and a council member of the EDU Foundation, expressed:
“This grant signals a pivotal step forward in the vision of Open Campus and EDU Chain to leverage blockchain technology in tackling current educational challenges. Collaboration with the Arbitrum Foundation empowers us to revolutionize the education sector, leveraging the potential of decentralization and the Arbitrum ecosystem for enhanced opportunities within education.”
Nina Rong, head of ecosystem development at the Arbitrum Foundation, also shared her excitement:
“We are thrilled to witness the launch of EDU Chain on Arbitrum Orbit Stack. This initiative marks a significant milestone in the Arbitrum ecosystem, showcasing the Foundation’s commitment to nurturing a decentralized educational hub within the network.”
Ranking Arbitrum: Leading TVLs among L2 Blockchains
As of now, Arbitrum holds the top position for Total Value Locked (TVL) among all L2 networks, with an impressive sum of approximately $16.28 billion. In the TVL ranking, Base secures second place with $7 billion, followed by OP Mainnet with $6.06 billion. Arbitrum stands as the fifth-largest blockchain protocol, trailing behind Solana, Binance Smart Chain, Tron, and Ethereum.
- Arbitrum has observed a decrease in daily revenues since the end of June
- On June 20, Arbitrum recorded a record of $3.43 million in daily revenue, showcasing a notable surge
- Current daily revenue for Arbitrum, as of July 2, stands at $15,000
Hot Take: Revolutionizing Education with EDU Chain
Open Campus’s collaboration with the Arbitrum Foundation to unveil EDU Chain signifies a pivotal moment in the realm of blockchain-based education. This initiative promises to reshape the education sector, offering enhanced accessibility and opportunities through decentralization and the capabilities of the Arbitrum ecosystem. Stay tuned for a transformative journey in education with EDU Chain!
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