Open Campus EDU, a swiftly expanding decentralized platform revolutionizing global educational systems, recently achieved a significant step towards making sophisticated education models accessible to all. Following numerous rigorous research and development phases, Open Campus revealed their latest innovation: the EDU Chain, a tier-3 (L3) network built upon the Arbitrum One (ARB) infrastructure.
Due to this setup, the Edu Campus ensures the secure expansion of its network, thereby enhancing the creative abilities of content producers utilizing Ethereum (ETH) technology. To celebrate the debut of the EDU Chain, the Open Campus team has earmarked 150 million EDU tokens, equating to 15% of the total token supply.
Significantly, the Open Campus plans to share EDU tokens using EDULand NFTs. To aid users in gaining EDU token incentives, Open Campus implemented the Yuzu on-chain point system within the EDU Chain ecosystem. Moreover, users of the EDU Chain can deposit their EDU tokens and interact with decentralized applications (DApps) on the mainnet to accrue Yuzu points.
Currently, over 100 Decentralized Applications (DApps) are being developed on the EDU Chain’s main network with the aim of attracting more users. Some notable DApps on the EDU Chain include BlockFlow, EduHub, ThrustPad, Blitz protocol, GainzSwap, HackQuest, Grasp Academy, DailyWiser, and many more.
As a result, the Open Campus team is optimistic that the success of their web2 platform will be echoed on the EDU Chain, which is supported by influential investors, with Binance Labs taking the lead.
5. The reputation layer – Open Campus ID
Ponder a scenario where all your academic pursuits, every class you’ve taken, every project you’ve completed, and every accolade you’ve earned are safely documented as verifiable on-chain accomplishments.
Well, OC Achievements are now live on EDU Chain for 20 million learners!
— Open Campus (@opencampus_xyz) January 17, 2025
Market Implication of the EDU Chain Launch
After the introduction of EDU Chain, its native token saw an increase of more than 15% in the past 24 hours, trading above 62 cents on Friday, January 17, during mid-afternoon New York time. This small-scale altcoin, valued at approximately $158 million when fully diluted and averaging about $24 million in daily traded volume, bounced back from a significant support point.
As the positive trend in its underlying foundation continues, the EDU token looks poised for additional gains over the next few months. Furthermore, the surge in altcoins following Bitcoin‘s price rise above $102K has increased the shift of funds from Bitcoin to other cryptocurrencies (altcoins).
Bigger Picture
The Open Campus leverages blockchain innovation to revolutionize global e-learning, while an increasing number of parents prioritize monitoring their children’s online educational content for a brighter future. It is estimated that the education sector surpasses $5 trillion in value with approximately 1.4 billion students and educators worldwide.
The Edu Campus functions as a decentralized autonomous organization (DAO) and is guided by its community, with various market-ready products already available. Launching the EDU Chain on the Arbitrum Layer 2 (L2) network is planned to boost the liquidity of our main token and improve the connectivity among all our products.
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2025-01-17 18:54