Open Campus' EDU Chain goes live on Arbitrum, aiming to revolutionize education with blockchain

Open Campus’ EDU Chain goes live on Arbitrum, aiming to revolutionize education with blockchain

Key Takeaways

Open Campus has launched EDU Chain on Arbitrum Orbit, aiming to boost on-chain academic infrastructure.
The $EDU token serves a number of capabilities together with being a gasoline, governance, and utility token within the ecosystem.

Open Campus, a decentralized schooling initiative backed by Animoca Manufacturers and Binance Labs, has launched EDU Chain, a layer 3 blockchain on Arbitrum Orbit, designed to energy academic purposes and domesticate a thriving dApp ecosystem, the staff shared on Friday.

Introducing @educhain_xyz — the L3 for schooling.

Bringing the $5 trillion schooling business and 1.4 billion college students and educators worldwide onchain.

Our mainnet is now stay❕

Be taught how one can be a part of the EDU Chain motion 👇 pic.twitter.com/U3Pl67TZU9

— Open Campus (@opencampus_xyz) January 17, 2025

As an EVM-compatible chain constructed on Orbit, the platform inherits Arbitrum One’s safety and infrastructure, whereas additionally drawing on Ethereum’s safety and liquidity, and working as an impartial community.

EDU Chain options the Open Campus (OC) Achievement system (previously Verifiable Credentials), enabling academic establishments and coaching facilities to difficulty decentralized and tamper-proof tutorial data.

With OC Achievements, every learner has full possession and management over their very own studying knowledge, Yat Siu, co-founder and govt chairman of Animoca Manufacturers, additionally a board member of the EDU Basis, mentioned in an announcement to Cointelegraph.

Greater than 100 decentralized purposes are at present being developed on EDU Chain, spanning buying and selling, studying, gaming, and incomes classes, the venture acknowledged.

The $EDU token serves because the utility token within the EDU Chain ecosystem. $EDU holders can bridge and stake their tokens on the mainnet to earn rewards, based on Open Campus. EDU Chain has allotted 150 million $EDU tokens, representing 15% of the full provide, for mainnet rewards distributed by way of EDULand NFTs over three years.

The debut follows a testnet marketing campaign that noticed spectacular exercise, with 86.2 million transactions and 358,684 energetic wallets. EDU Chain has achieved a complete worth locked (TVL) of $162 million, based on L2Beat.

To additional develop its ecosystem, Open Campus is internet hosting a hackathon sequence with a $1 million prize pool and a 12-week OC Incubator program, providing mentorship, funding, and assist to profitable initiatives.

The platform additionally kicked off the “Yuzu: First Harvest” marketing campaign, which allows mainnet customers to earn rewards by interacting with EDU Chain dApps in the course of the first season.