Open Campus Launches First Decentralized Education Node Sale

Open
Campus
announces
Principal
Nodes
sale
for
EDU
Chain

Open
Campus,
an
education
protocol
backed
by
Animoca
Brands,
Sequoia
Capital,
and





Binance,
has
announced
the
upcoming
sale
of
Principal
Nodes
for
the
EDU
Chain.
The
education-focused
blockchain
is
preparing
for
a
pre-sale
followed
by
a
public
sale,
with
detailed
information
expected
in
June,
according
to
a

press
release
from
the
company.

EDU
Chain:
A
Blockchain
Solution
for
Education

EDU
Chain
is
Open
Campus’s
Layer
3
blockchain
specifically
designed
for
education.
It
aims
to
overcome
current
issues
in
education
systems
by
improving
the
accessibility
and
quality
of
education.
By
storing
educational
data
and
achievements
on
the
blockchain,
learners
gain
complete
control
and
ownership
over
their
academic
records.
The
system
also
enhances
recognition
and
compensation
for
educators.

Principal
Nodes:
Safeguarding
the
Network

Principal
Nodes
act
as
verifier
nodes
on
the
EDU
Chain,
ensuring
the
authenticity
of
transactions
before
they
are
confirmed
to
the
blockchain.
Through
the
Principal
Node
Sale,
participants
can
join
the
decentralized
education
ecosystem
where
they
can
learn,
own,
and
earn
in
novel
ways
unlocked
by
Web3
technology.

Reinventing
Education
with
Blockchain

Yat
Siu,
Co-founder
and
Executive
Chairman
of
Animoca
Brands
and
a
member
of
the
EDU
Foundation
Council,
highlighted
the
benefits
of
the
EDU
Chain. ‘Open
Campus
seeks
to
reshape
the
education
ecosystem
to
make
it
more
inclusive,
equitable,
and
accessible.
We
believe
that
blockchain
technology
can
unlock
significant
opportunities
on
a
global
scale
for
learning,
earning,
and
teaching,’
Siu
said.

Jonah
Lau,
Head
of
Portfolio
at
Animoca
Brands,
also
praised
the
EDU
Chain. ‘This
initiative
is
positioned
at
the
heart
of
the
rapidly
growing
three
billion-dollar
blockchain
education
market,
initially
addressing
over
20
million
learners
already
in
Open
Campus’s
partner
network,’
Lau
said.

Details
of
the
Principal
Node
Sale

The
Principal
Node
Sale
for
EDU
Chain
is
structured
to
encourage
early
engagement
through
a
tiered
approach,
with
node
prices
ascending
per
tier
across
multiple
tiers.
Principal
Node
operators
receive
a
share
of
sequencer
fees
for
their
help
in
validating
transactions
on
EDU
Chain.
The
nodes
become
transferable
one
year
post-sale.
The
dates
of
the
pre-sale
and
public
sale
will
be
announced
in
June
2024.

Image
source:
Shutterstock

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