Printed: November 27, 2023 at 11:28 am Up to date: November 27, 2023 at 11:29 am
Edited and fact-checked:
November 27, 2023 at 11:28 am
In Transient
Binance Labs invested $3.15 million in Web3 schooling platform Open Campus to empower content material creators and assist monetize their supplies.
Binance Labs, the enterprise capital and incubation arm of Binance, has invested $3.15 million in Open Campus, a community-driven Web3 schooling platform that tokenizes instructional content material and empowers content material creators to monetize their revealed supplies.
The funding’s main objective is to draw new customers to the Web3 area and encourage native customers to have interaction in instructional alternatives with Writer NFT.
Open Campus’s Writer NFTs designed to boost the incomes potential of content material creators, facilitating income sharing amongst co-owners. The income generated by content material creators is saved in good contracts, permitting co-owners to withdraw funds based mostly on their respective contributions.
Writer NFTs issued by Open Campus adopters may be freely purchased and offered on the Market.
Tokenization of Instructional Content material Good points Momentum
Open Campus is a platform that gives Good Donations, a characteristic that helps grants and scholarships powered by its native token, $EDU, releasing funds based mostly on measurable on-chain occasions.
Just lately, Open Campus initiated a $10 million incentive program, encouraging eligible educators to contribute content material to the platform. By means of this program, programs are tokenized as Writer NFTs, granting educators possession of their content material and fostering a dynamic and rewarding instructional ecosystem.
This yr, one other platform, TinyTap, a Web3 edtech platform and a subsidiary of Animoca Manufacturers, raised $8.5 million from Sequoia China, Liberty Metropolis Ventures, Kingsway Capital, Shima Capital, Polygon, amongst others, to assist and develop its Web3 presence. The corporate additionally launched Writer NFTs, enabling academics to earn revenue from their career.
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About The Creator
Alisa is a reporter for the Metaverse Submit. She focuses on investments, AI, metaverse, and the whole lot associated to Web3. Alisa has a level in Enterprise of Artwork and experience in Artwork & Tech. She has developed her ardour for journalism by means of writing for VCs, notable crypto initiatives, and engagement with scientific writing.
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Alisa Davidson
Alisa is a reporter for the Metaverse Submit. She focuses on investments, AI, metaverse, and the whole lot associated to Web3. Alisa has a level in Enterprise of Artwork and experience in Artwork & Tech. She has developed her ardour for journalism by means of writing for VCs, notable crypto initiatives, and engagement with scientific writing.
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