Binance Labs invests $3.15 million in Open Campus for Web3 education revolution

• Open Campus, backed by Binance Labs and led by Yat Siu, decentralizes education by integrating digital property rights, transforming the global creation of educational content.
• Open Campus introduces Smart Donations and the Global Educators Fund with $EDU tokens, transparently funding scholarships. In addition, it offers direct ownership to educators through tokenized courses, revolutionizing the creation of educational content on Web3.

Binance Labs has committed $3.15 million to Open Campus, a community-driven, Web3-based educational platform. Open Campus is transforming education by tokenizing educational content, allowing content creators to earn money from their publications. This investment is primarily aimed at attracting new users to the Web3 platform and encouraging active participation of native users in education.

Open Campus provides a scalable infrastructure to integrate diverse adopters, including schools, educational technology companies and brands. Its focus is to act as an entry point that could attract millions of educational content creators and learners worldwide to Web3.

A key innovation of Open Campus is “Publisher NFTs,” which allow Web3 users to support content creators and, in return, generate shared revenue. This revenue is stored in smart contracts, allowing co-owners to withdraw funds based on their contribution. In addition, “Publisher NFTs” issued by Open Campus adopters can be bought and sold on their own marketplace.

TinyTap, a subsidiary of Animoca Brands and a leader in the EdTech sector, has become the first adopter of Open Campus. In collaboration with Open Campus, they have launched a climate change initiative together with the Care Bears, creating educational content and “Publisher NFTs”.

Yat Siu’s Vision for Open Campus

In a recent exploration of Open Campus, Yat Siu, Co-Founder of Animoca Brands and a leading member of the Open Campus board, shares deep insights into the platform’s mission to revolutionize education through decentralization. According to Siu, the integration of digital property rights in education is a transformative force reshaping the landscape of how educational content is created and distributed.

Siu expresses confidence in Binance Labs’ support, highlighting its crucial role in advancing Open Campus’ mission. With a vision to unite educators and content creators from around the world in its protocol, Open Campus aims to democratize and elevate the educational content creation process, generating a paradigm shift in the traditional educational ecosystem.

One of Open Campus’ innovative initiatives is the introduction of Smart Donations, a concept that Siu believes will play a crucial role in reshaping the educational funding landscape.

Through Smart Donations, scholarships and grants are distributed via $EDU tokens, aligning with specific events on the blockchain. This innovative approach not only ensures transparency in the allocation of funds, but also establishes a tangible connection between contributors and the impact of their support.

Open CAmpus Global Educators Fund

In collaboration with Animoca Brands, Open Campus has launched the Global Educators Fund, a substantial $10 million initiative designed to encourage educators to contribute content to the platform.

Source: opencampus.xyz

This fund empowers educators by giving them true ownership of their work through tokenized courses. Siu envisions this initiative as a catalyst for educators to actively engage with Open Campus, fostering a community where knowledge creation is rewarded and educators have a direct stake in the content they produce.

As Open Campus continues to shape the future of education through digital transformation, Yat Siu’s insights illuminate the platform’s commitment to creating a decentralized and inclusive education ecosystem. With Smart Donations and the Global Educators Fund at the forefront, Open Campus emerges as a pioneer in redefining the way education is funded, produced and owned in the Web3 era.