Blockchain
Open Campus launches first sale of decentralized education nodes
Open Campus announces the sale of Principal Nodes for the EDU chain
Open Campus, an educational protocol supported by Animoca Brands, Sequoia Capital and Binance, announced the imminent sale of main 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 society.
EDU Chain: A Blockchain Solution for Education
EDU Chain is Open Campus’ Layer 3 blockchain designed specifically for education. It aims to overcome current problems in education systems by improving the accessibility and quality of education. By storing data and educational results on the blockchain, students gain complete control and ownership over their academic results. The system also improves recognition and compensation for educators.
Main Nodes: Network Safeguarding
Master nodes act as verifier nodes on the EDU chain, ensuring the authenticity of transactions before they are confirmed on the blockchain. Through the Principal Node Sale, participants can join the decentralized educational ecosystem where they can learn, own and earn in new ways unlocked by Web3 technology.
Reinventing Education with Blockchain
Yat Siu, co-founder and executive chairman of Animoca Brands and member of the EDU Foundation Board, highlighted the benefits of the EDU chain. “Open Campus seeks to reshape the educational 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, portfolio manager at Animoca Brands, also praised the EDU chain. “This initiative is positioned at the center of the rapidly growing three billion dollar blockchain education market, initially targeting over 20 million students already in the Open Campus partner network,” Lau said.
Main node sale details
The sale of core nodes for the EDU chain is structured to encourage early engagement through a tiered approach, with node prices increasing per tier across multiple tiers. Core node operators receive a share of the sequencer fees for their help in validating transactions on the EDU chain. Nodes become transferable one year after sale. Pre-sale and public sale dates will be announced in June 2024.
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