Open Campus, an entity centered around online education utilizing blockchain technology (specifically a Decentralized Autonomous Organization, or DAO), has successfully debuted its third layer blockchain, named EDU Chain, within the Arbitrum network.
The blockchain, launched on January 17th, serves as a foundation for educational applications and online learning facilitated by the EDU token.
One key advantage of EDU Chain is its Open Campus (OC) Certification System, which was previously called Verifiable Credentials. This system empowers educational institutions and training centers to securely issue unalterable records of learners’ achievements in a decentralized manner.
Yat Siu, co-founder and executive chair of Animoca Brands, and a member of the EDU Foundation’s council, recently shared with CryptoMoon that Open Campus Achievements, still in its private beta phase, is a system designed to operate independently (decentralized) and serve as a universal platform. This platform allows educational institutions and training centers to distribute proofs of students’ qualifications and achievements.
As stated by Siu, an individual’s OpenCredo (OC) Achievements are personal records maintained within their digital wallet, giving the owner full control over them. Neither OpenCredo nor any other party can gain access to this information without explicit consent from the owner.
“By allowing users to selectively share their academic records, educational providers can gain access to relevant information, enabling them to tailor personalized learning experiences”
EDU Chain surpassed $150 million in value secured (TVL), becoming the largest layer-3 blockchain in terms of this measurement, as reported by L2Beat. The main network’s launch comes after a test network phase that recorded 86.2 million transactions and engaged 358,684 unique active wallets. Developers associated with 47 decentralized applications (DApps) from the test network are now transferring their projects to the main network for operation.
Incentives for developers and users
To grow its ecosystem, Open Campus has launched two major initiatives.
1) This is a sequence of hackathons offering a total of $1 million in rewards. The second venture, known as the OC Incubator, is a 12-week program designed to amplify projects by hackathon winners. Developers are provided with mentoring, funding prospects, and assistance to help them launch their DApps in the market.
Additionally, OC has introduced a rewards system for mainnet users. This initial season enables users to accumulate Yuzu points as they interact with applications (DApps) within the EDU Chain.
The future
In simpler terms, Siu pointed out that tokenized educational material gives educators the ability to transform their expertise into valuable assets they can manage and profit from. Additionally, he emphasized the concept of “learn-to-earn,” a system that acknowledges ongoing skill improvement by connecting it to tangible rewards in the real world.
As a forward-thinking analyst, I’ve come to recognize the potential of blockchain-centric education financing to enhance accessibility to funding and streamline procedures for both lenders and students. In my perspective, the fusion of AI, Web3, and educational sectors in 2025 promises substantial transformations.
As a researcher delving into the realm of education, I’ve noticed an exciting development: AI-driven platforms are swiftly advancing, offering tailored, adaptable learning experiences to learners. Simultaneously, blockchain technology is securing and verifying educational data and certifications, ensuring their integrity. This harmonious blend of AI and Web3 in education signifies a transformative leap that will indelibly reshape global education.
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2025-01-17 13:17