TL;DR
- Open Campus launches EDU Chain on Arbitrum Orbit to transform education through blockchain, improving transparency and global accessibility.
- The $EDU token serves key functions such as governance, utility, and rewards within the ecosystem, incentivizing participation and sustainable development.
- Over 100 dApps are in development on the platform, covering sectors like learning, commerce, gaming, and new forms of interaction.
Open Campus, an innovative decentralized education project backed by Animoca Brands and Binance Labs, has officially launched EDU Chain, a Layer 3 blockchain built on Arbitrum Orbit. This development aims to revolutionize education by providing a fully on-chain educational infrastructure designed to power decentralized applications (dApps) across various educational sectors, enabling a more efficient, scalable, and secure ecosystem. an innovative decentralized education project backed by Animoca Brands and Binance Labs, has officially launched EDU Chain, a Layer 3 blockchain built on Arbitrum Orbit. This development aims to revolutionize education by providing a fully on-chain educational infrastructure designed to power decentralized applications (dApps) across various educational sectors, enabling a more efficient, scalable, and secure ecosystem.
EDU Chain leverages the security and infrastructure of Arbitrum One and Ethereum, offering users an independent yet robust platform. Its Open Campus Achievements system (formerly known as Verifiable Credentials) allows educational institutions to issue decentralized, tamper-proof academic records. Thanks to this innovation, students can gain full control over their learning data, marking a significant shift in educational ownership and privacy.
The ecosystem already boasts over 100 decentralized applications in development, including tools for interactive learning, commerce, gaming, and reward programs. Moreover, the native $EDU token plays a crucial role, functioning as a utility, governance, and gas token. Users can bridge and stake $EDU on the mainnet to earn rewards, while 150 million tokens (15% of the total supply) have been reserved for prizes distributed through EDULand NFTs over the next three years.
Solid Growth and Support Programs
The mainnet launch is supported by a testnet campaign that recorded 86.2 million transactions and over 358,000 active wallets, reflecting the platform’s early interest and adoption. According to L2Beat, EDU Chain has also reached a Total Value Locked (TVL) of $162 million, underlining its strong start and growing potential within the blockchain sector.
To foster innovation, Open Campus has launched a series of hackathons with a total prize pool of $1 million and a 12-week incubation program offering funding and mentorship to promising projects. Additionally, the “Yuzu: First Harvest” campaign will allow mainnet users to earn rewards by interacting with dApps during the first season.
These initiatives place Open Campus at the forefront of the blockchain-based educational revolution, building a dynamic and decentralized ecosystem that redefines access, management, and ownership of education. With its innovative approach, the platform not only empowers students but also lays the foundation for a more transparent, inclusive, and modern education model.
