Open Campus Secures Arbitrum Foundation Grant to Launch EDU Chain for Education

Open
Campus
has
announced
the
receipt
of
a
significant
grant
from
the
Arbitrum
Foundation
to
support
the
launch
of
EDU
Chain,
the
first
Layer
3
(L3)
blockchain
tailored
specifically
for
the
education
sector.
This
groundbreaking
initiative
is
set
to
revolutionize
the
educational
landscape
by
integrating
blockchain
technology
into
learning
environments,
according
to

Animoca
Brands.

EDU
Chain:
A
New
Paradigm
in
Education

EDU
Chain,
an
L3
Rollup
built
on
the
Arbitrum
Orbit
Stack,
aims
to
foster
a
decentralized
application
(dapp)
ecosystem
for
learners
and
educators
through
blockchain-powered
ownership.
This
innovative
“Learn
Own
Earn”
model
will
enable
the
recording
of
learning
achievements
on-chain,
expanding
education
finance
solutions,
and
facilitating
the
development
of
dapps
by
leveraging
Open
Campus’s
extensive
network
of
over
60
education
and
Web3
partner
companies.

Yat
Siu,
co-founder
and
executive
chairman
of
Animoca
Brands,
emphasized
the
transformative
potential
of
this
initiative:
“This
grant
is
an
exciting
step
forward
in
the
vision
of
Open
Campus
and
EDU
Chain
to
use
blockchain
technology
to
address
current
problems
and
challenges
in
education.
The
support
of
and
collaboration
with
the
Arbitrum
Foundation
positions
us
to
redefine
the
education
industry,
leveraging
the
power
of
decentralization
and
the
Arbitrum
ecosystem
to
enhance
access
to
and
opportunities
in
education
for
both
learners
and
educators.”

Arbitrum
Foundation’s
Role
and
Impact

The
Arbitrum
Foundation’s
grant
will
not
only
fund
the
launch
of
EDU
Chain
but
also
support
the
Arbitrum
Ambassador
Program.
This
includes
educational
content
initiatives
and
participation
in
Arbitrum
hackathon
competitions,
offering
incentives
to
developers
creating
dapps
for
EDU
Chain.
Nina
Rong,
Head
of
Ecosystem
Development
at
the
Arbitrum
Foundation,
remarked,
“We
are
thrilled
that
Open
Campus
will
launch
EDU
Chain
as
an
L3
on
the
Arbitrum
Orbit
Stack.
EDU
Chain
marks
an
exciting
step
in
the
Arbitrum
ecosystem,
showcasing
the
Foundation’s
dedication
to
nurturing
a
decentralized
educational
hub
within
the
Arbitrum
network.”

EDU
Chain
transactions
will
settle
on
Arbitrum’s
Layer
2
(L2)
scaling
solution
for
Ethereum,
providing
Ethereum-level
security
with
enhanced
scalability
through
faster
and
cheaper
transactions.
According
to
data
from
L2Beats,
Arbitrum
has
the
highest
Total
Value
Locked
(TVL)
among
all
L2
networks,
approximately
$17.15
billion,
making
it
the
fifth-largest
blockchain
protocol.

Collaborative
Efforts
and
Future
Prospects

Open
Campus
plans
to
utilize
its
network
to
drive
participation
in
EDU
Chain,
including
recording
learning
achievements
on-chain
and
developing
innovative
education
finance
solutions.
The
collaboration
will
also
involve
connecting
96
active
Arbitrum
ambassadors
and
26
affiliated
universities
with
the
Open
Campus
Foundation
to
work
on
educational
content.

To
learn
more
about
EDU
Chain,
visit
the
Open
Campus

website.

About
Open
Campus:
Open
Campus
is
a
community-led
protocol
for
educators,
content
creators,
parents,
and
students,
fostering
a
collaborative
environment
that
empowers
educators
and
students.
It
recognizes
the
achievements
of
teachers
and
content
creators,
opening
new
revenue
streams
for
effective
educators
worldwide.

About
The
Arbitrum
Foundation:
The
Arbitrum
Foundation
supports
the
Arbitrum
ecosystem
and
ArbitrumDAO,
fostering
innovation
and
development
within
the
Arbitrum
community.
The
Foundation
ensures
compliance
with
regulations,
facilitates
transactions
and
agreements,
and
supports
infrastructure
for
ArbitrumDAO.

Image
source:
Shutterstock