Animoca Brands, a prominent player in the gaming industry, has recently announced its plans to acquire additional EDU tokens through the open market. These tokens are a crucial part of the Open Campus, which is known as the world’s first Web3 education network. Notable investors such as Binance Labs, Sequoia China, and Animoca Brands itself have shown their support for this groundbreaking protocol.
The decision by Animoca Brands to purchase more EDU tokens showcases its unwavering confidence in the Open Campus and the EDU Foundation. Specifically, the focus lies on the upcoming EDU Chain, which is set to become the first L3 blockchain designed exclusively for the global education market. According to a report by Morgan Stanley in June 2023, this industry is projected to grow to a staggering $8 trillion by 2030.
As a subsidiary of Animoca Brands, TinyTap has emerged as a key participant in the Open Campus launch partners list. Collaborating with other companies, it is actively involved in the development of this transformative project. Yat Siu, the executive chairman and co-founder of Animoca Brands, and Yogev Shelly, the CEO of TinyTap, both serve as members of the EDU Foundation Council.
Animoca Brands’ recent acquisition of more EDU tokens signifies a heightened level of support for the Open Campus initiative. It demonstrates their belief in the potential of blockchain technology to revolutionize the education sector, fostering growth and efficiency. This support goes beyond financial investment, as key leaders from Animoca and TinyTap are actively engaged in the project.
The core objective of the Open Campus project is to revolutionize the education system by leveraging blockchain technology to decentralize and enhance accessibility. Through the use of EDU tokens, the platform enables participants to take on governance and utility roles within the ecosystem.
In conclusion, Animoca Brands’ decision to acquire more EDU tokens and actively participate in the Open Campus project reaffirms its strong belief in the transformative power of blockchain in the field of education. This further solidifies their position as one of the leading developers of educational applications on the blockchain.
