Open Campus $EDU , a decentralized autonomous organization (DAO) focused on onchain education, launched its layer-3 blockchain, EDU Chain, on Arbitrum Orbit.
The blockchain, introduced on Jan. 17, is designed to support educational apps and onchain education powered by the EDU token.
EDU Chain’s standout feature is the Open Campus (OC) Achievement system, formerly known as Verifiable Credentials. This system allows educational institutions and training centers to issue decentralized, tamper-proof records of learners’ qualifications.
“Open Campus Achievements, currently in private beta, is a decentralized universal system that enables educational institutions and training centers to issue records of learners’ qualifications and accomplishments,” Yat Siu, co-founder and executive chairman of Animoca Brands and a council member of the EDU Foundation, told Cointelegraph.
According to Siu, OC Achievements are self-sovereign records stored in a learner’s digital wallet, wholly owned and controlled by the learner. No entity, including OC, can access the data without the learner’s permission.
EDU Chain has reached $150 million in total value locked (TVL), making it the largest layer-3 blockchain by this metric, according to L2Beat. The mainnet launch follows a testnet campaign with 86.2 million transactions and 358,684 unique active wallets. Developers behind 47 decentralized applications (DApps) from the testnet are now deploying their applications on the mainnet.