Binance Labs Invests $3.15 Million in Open Campus to Propel Web3 Education
In Brief
Binance Labs invested $3.15 million in Web3 education platform Open Campus to empower content creators and help monetize their materials.
Binance Labs, the venture capital and incubation arm of Binance, has invested $3.15 million in Open Campus, a community-driven Web3 education platform that tokenizes educational content and empowers content creators to monetize their published materials.
The investment’s primary goal is to attract new users to the Web3 space and encourage native users to engage in educational opportunities with Publisher NFT.
Open Campus’s Publisher NFTs designed to enhance the earning potential of content creators, facilitating revenue sharing among co-owners. The revenue generated by content creators is stored in smart contracts, allowing co-owners to withdraw funds based on their respective contributions.
Publisher NFTs issued by Open Campus adopters can be freely bought and sold on the Marketplace.
Tokenization of Educational Content Gains Momentum
Open Campus is a platform that provides Smart Donations, a feature that supports grants and scholarships powered by its native token, $EDU, releasing funds based on measurable on-chain events.
Recently, Open Campus initiated a $10 million incentive program, encouraging eligible educators to contribute content to the platform. Through this program, courses are tokenized as Publisher NFTs, granting educators ownership of their content and fostering a dynamic and rewarding educational ecosystem.
This year, another platform, TinyTap, a Web3 edtech platform and a subsidiary of Animoca Brands, raised $8.5 million from Sequoia China, Liberty City Ventures, Kingsway Capital, Shima Capital, Polygon, among others, to support and expand its Web3 presence. The company also introduced Publisher NFTs, enabling teachers to earn income from their profession.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
