Binance Labs invests $3.15M in Open Campus to revolutionize Web3 education

Web3 has been in the spotlight for its potential to revolutionize the internet in recent years. Its decentralized approach comes with immense benefits, particularly the ability to reshape the education landscape by democratizing access, enhancing personalization, promoting lifelong learning, empowering individuals, and fostering decentralized learning institutions.

With Web3 education, there’s also an opportunity to equip learners with the skills needed to thrive in a world where control and ownership are distributed among users rather than being concentrated in the hands of large corporations. Despite these promising benefits, the Web3 education space faces challenges, particularly lower funding. This is why Binance Labs is backing Open Campus with millions in investment to help transform the education landscape through the lens of Web3 technology.

Today, Binance Labs announced it has invested $3.15 million in community-driven Web3 education platform Open Campus. With this fresh capital infusion, the Open Campus Web3 education platform is poised to revolutionize the traditional model by tokenizing educational content, allowing creators to turn their knowledge into a profitable venture. The investment not only seeks to expand the Web3 user base but also introduces innovative Publisher NFTs, raising the earning potential for content creators.

Open Campus functions as a robust infrastructure designed to attract a diverse range of users, including schools, EdTech pioneers, and renowned brands. This initiative serves as a potential gateway, inviting millions of educational content creators and eager learners into the captivating realms of Web3.

The funding news coincides with Animoca Brands’s recent announcement of selling out Season 2 of TinyTap Publisher NFTs, a success attributed to the services provided by the Open Campus platform, which we covered early this week.

Meanwhile, a standout feature of Open Campus is the introduction of Publisher NFTs, a groundbreaking concept empowering Web3 enthusiasts not only to support creators but also to share in the generated revenue. This revenue is smartly stored in contracts, allowing co-owners to withdraw funds based on their unique contributions. The dynamic ecosystem also enables the trading of Publisher NFTs on the Marketplace, injecting a lively economic pulse into the platform.

Yi He, Co-Founder of Binance and Head of Binance Labs, expressed strong optimism about Open Campus. “Open Campus sparks the creation of top-tier educational content by infusing Web3 tokenomics and technology into the realm of education,” He said.

The move also aligns with Binance Labs’ commitment to actively invest in projects propelling the widespread adoption of Web3, with the education sector being a key arena.

TinyTap, a notable affiliate of Animoca Brands and a pioneer in EdTech, proudly stands as the inaugural adopter of Open Campus. Recognized as one of the top-grossing kids’ mobile applications, TinyTap boasts an impressive user base exceeding 10 million families. In collaboration with Open Campus, TinyTap launched a groundbreaking climate change initiative alongside Care Bears, introducing educational content and Publisher NFTs. Open Campus strategically plans to offer on-ramp services, including wallets, token payments, and enticing incentives to drive Web3 adoption, leveraging partnerships with adopters like TinyTap.

Yat Siu, Co-Founder of Animoca Brands and a council member of Open Campus, emphasized the core mission of decentralizing education and supporting educators innovatively. Siu expressed gratitude for the involvement and support of Binance Labs, foreseeing it as a catalyst for onboarding educators and content creators worldwide, enabling them to tokenize content via the Open Campus protocol.

Open Campus goes beyond traditional content creation boundaries, introducing Smart Donations facilitating grants and scholarships powered by its native token, $EDU. The platform recently unveiled the Global Educators Fund in partnership with Animoca Brands, a robust $10 million initiative incentivizing educators to craft content for publication on Open Campus. Courses are tokenized as Publisher NFTs, granting educators ownership of their valuable content.

In the long run, Open Campus emerges as a community-driven protocol, placing decision-making authority into the hands of educators, content creators, parents, and students. Through a collaborative environment and a commitment to recognizing and rewarding effective educators globally, Open Campus aims to redefine education, ushering in a new era of innovation and ownership in the educational landscape.

Founded in 2017, Binance Labs identifies, invests, and empowers viable blockchain entrepreneurs, startups, and communities, financing industry projects that help grow the larger blockchain ecosystem. Since 2018, Binance Labs has invested in and incubated more than 100 projects from over 25 countries. Its portfolio includes industry-leading projects such as 1inch, Audius, Axie Infinity, Dune Analytics, Elrond, Injective, Polygon, Optimism, The Sandbox, and STEPN.