Since April 2023, when Animoca Brands and TinyTap launched Open Campus and the $EDU token, the education space has undergone tremendous change. However, the core mission of EDU Chain remains the same: to establish an on-chain education network and promote equity and accessibility of education.
EDU Chain’s Vision
EDU Chain's vision is to improve the education system for teachers, learners and educational institutions through the support of blockchain technology. We believe that blockchain can not only improve the transparency of education, but also provide more opportunities for learners. Through the development of Open Campus, EDU Chain is no longer just a token, but a new educational ecosystem.
Challenges facing education: In today’s education system, there are three main problems:
Limited access to quality education: Especially in developing countries, many learners face a lack of educational resources.
Insufficient financing for new education technology startups: Currently, the amount of financing in the education technology field is at a historical low, limiting the pace of innovation.
Changing employer demand for skills: Modern employers increasingly value specific skills and competencies rather than traditional degree qualifications.
The goal of EDU Chain is to create better opportunities, funds and recognition for global learners through the on-chain education network, and solve the pain points in these education fields.
Functions of EDU Chain
EDU Chain is a third-layer blockchain based on Arbitrum Orbit, designed for consumer-facing education applications and on-chain education finance (EduFi). Through the support of $EDU token, EDU Chain will be divided into three development stages:
Phase 1 — Tools and Liquidity: In this phase, EDU Chain will focus on providing developers with tools to build DeFi and infrastructure layers. High liquidity (TVL) will demonstrate the market’s trust in EDU Chain and make it an ideal place to attract developers.
Stage 2 - Learning and Mastering
At this stage, EDU Chain will launch a consumer-oriented learning DApp and become a catalyst for mainstream growth in the education field. All learning DApps will be integrated with Open Campus ID, enabling learners to store and own on-chain credentials of their educational achievements. This will accelerate adoption by 20 million learners and drive transaction volume for on-chain learning outcomes.
Phase 3 - Revenue and EduFi: Finally, EDU Chain will focus on building DApps to help learners and educators earn money through their learned skills and reputation. At the same time, EduFi solutions will provide on-chain alternatives for student loans, scholarships, and education grants.
our target audience
Education is a $5 trillion industry with a market opportunity 20 times larger than the gaming industry. The potential market for on-chain education covers 1.3 billion learners, including 750 million students and 550 million education application users worldwide. By solving educational problems, EDU Chain also provides a good opportunity to attract new users and liquidity to the Web3 field.
Future plans: In order to realize this vision, EDU Chain will take the following measures:
Developer Incentives: Open Campus DAO has voted to establish a $20 million ecosystem fund to provide developer and liquidity incentives to EDU Chain builders. In addition, EDU Chain will also hold hackathons to attract development talents from around the world.
Technology integration
The Open Campus Accelerator (OCX) works with 100 Web2 EdTech companies to help more than 100,000 developers transition to Web3. The Open Campus ID Software Development Kit (SDK) and its on-chain learning credential solution will provide education companies with easy on-chain integration.
Currently, more than 80 companies, 20 million addressable learners, and 4,500 developers are using EDU Chain to promote the on-chain process of education.
in conclusion
The development of EDU Chain is not only an innovation in the education industry, but also an exploration of future education forms. Through the application of blockchain technology, EDU Chain will create a more equitable and open educational environment for learners around the world. With the gradual implementation of various plans, EDU Chain will set off a new revolution in the field of education, bringing hope and opportunities to every learner.