News Report
November 07, 2022

Backed by Animoca Brands, TinyTap sells six NFTs–educational courses for 138.9 ETH

In Brief

Web3 educational platform TinyTap auctioned its first NFTs created by teachers and raised 138.9 ETH.

TinyTap challenges the traditional education system through blockchain.

tinytap nft

Animoca Brands’ subsidiary TinyTap has generated a total of 138.9 ETH for its first educational NFTs. Six teachers, who created courses for the six TinyTap Publisher NFTs, earned 67.7 ETH ($106,995 at the time of writing).

TinyTap is an open education platform built on the blockchain with a library of 200,000 educational blockchain games focused on children’s education. The platform has over 100,000 educators and more than 8 million registered families. Through the platform, children aged 2–8 can learn math, language arts, reading, science, and social skills.

The educational platform’s mission is to “decentralize education by connecting teachers and families worldwide, to enable them to fulfill their learning needs independently of governments and businesses.”

TinyTap’s goal aligns with Animoca Brand’s objective, which is to “drive digital property rights via NFTs and gaming to build the open metaverse.”

TinyCourses Publisher NFTs support education in Web3. Owners of the NFTs receive co-publishing rights to their respective TinyTap courses and can obtain up to 80% of any future earnings from the course’s engagement through promotion and marketing. Each NFT is linked to one teacher (creator), and both the NFT holders and the creators share the benefits of co-publishing efforts.

tinytap nft
Source: TinyTap

Yat Siu, the co-founder of Animoca Brands, said that TinyTap’s NFTs were published to increase teachers’ earnings and to free them from the costs and time required for course promotion.

“Thanks to this innovative use of NFTs, TinyTap’s teachers can choose whether to continue business as usual, or instead make use of Web3 to focus on what they do best – produce great content – while gaining the backing of a co-publisher,”

Siu said. 

The most expensive NFT was Learn English with Gabi, which made 22.9 ETH (around $37,600 at the time of sale). However, the course creators receive 50% of the NFT auction’s proceeds from their courses. Teachers also receive royalties for secondary sales and are entitled to 10% of the revenue generated by their courses.

“I’ve been teaching ESL passionately for over 30 years. I thought that discovering TinyTap’s interactive game platform was my biggest teaching breakthrough; but now, I see that the Publisher NFT is my real breakthrough. I am overjoyed that my English courses will now reach thousands of children worldwide and I’m excited to teach a new generation of young kids! Financially, I foresee this endeavor to be highly beneficial to me,”

said Gabi Claf, elementary school teacher based in Israel.

Read related posts:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

More articles
Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
Intmax Announces Builders From Latamex To Develop New EVM-Compatible Protocol
News Report Technology
Intmax Announces Builders From Latamex To Develop New EVM-Compatible Protocol
July 25, 2024
Clearpool Announces Its Launch On Arbitrum, Issuing $7M In Loans, And Receiving Grant
News Report Technology
Clearpool Announces Its Launch On Arbitrum, Issuing $7M In Loans, And Receiving Grant
July 25, 2024
D3 Announces Partnership With Magic Eden To Apply For .magic Top-Level Domain
News Report Technology
D3 Announces Partnership With Magic Eden To Apply For .magic Top-Level Domain
July 25, 2024
Backed Partners With Lisk To Promote RWA Adoption In Emerging Markets
Business News Report Technology
Backed Partners With Lisk To Promote RWA Adoption In Emerging Markets
July 25, 2024