Open Campus Protocol is a new community-led education protocol built on the blockchain that aims to tokenize educational content, enabling teachers and creators to monetize their contributions. The protocol's mission is to provide a global, alternative education system for learners worldwide while recognizing and rewarding the contributions of teachers to society!
One of the first adopters of the Open Campus Protocol is TinyTap, a top-grossing mobile application available on the App Store and Google Play, with over 9 million families and 100,000 content creators. TinyTap is known for its user-generated content and no-code authoring platform, which has produced over 250,000 interactive lessons to date!
EDU is the native utility token of the Open Campus Protocol ecosystem, which can be used for governance, payment, on-chain revenue sharing, user acquisition, and content ownership. EDU token holders can submit and vote on the protocol's DAO proposals, while EDU can also be used as a means of payment for products and services offered by companies that have adopted the protocol. Contributors, including content creators, publishers, and platforms, receive their share of the protocol's revenue in EDU, while users can purchase co-publishing rights via the Publisher NFTs with EDU!
Open Campus Protocol is rolling out a scalable infrastructure to onboard a diverse ecosystem of adopters, including schools, edtechs, and other educational providers. The protocol's on-ramp strategy involves introducing tokens to users of Open Campus adopters, such as TinyTap, through various means such as wallets, tokens as a means of payment, and discounts/incentives to drive adoption. Additionally, educational content can be tokenized into NFTs through the Publisher NFTs, with revenue generated from the content stored in a smart contract, allowing co-owners to withdraw based on their contribution. These NFTs can also be bought and sold in EDU on the marketplace, while Smart Donations enable EDU grants and scholarships to be released based on measurable on-chain events!
Open Campus Protocol has raised 6 million USD from one round of private token sale in 2022, at 6% of the EDU total token supply, with a fully diluted valuation of around 100 million USD. As at April 21st, 2023, the total supply of EDU is 1,000,000,000, and the circulating supply upon listing will be 145,000,000 (14.5% of the total token supply)!
Open Campus Protocol's innovative approach to education and the use of blockchain technology to monetize educational content has the potential to revolutionize the education market. With TinyTap as one of its key adopters and a rapidly growing user base, the Open Campus Protocol ecosystem is poised for significant growth, potentially bringing billions of educators and learners worldwide to the web3 platform!