In this era where the Web3 wave sweeps across the globe, the education sector is also experiencing unprecedented transformative opportunities.

Article Author: Academic Labs

Source: Academic Labs

Academic Labs, an online education project committed to empowering students and content creators using Web3 technology, recently completed its first round of funding, successfully raising a substantial $3.2 million. This funding round was jointly invested by several well-known institutions, including HTX Ventures, United Overseas Bank Ventures, Signum Fund, Widus Partner, and DWF Ventures. In addition to financial support, Academic Labs has also been selected for the incubation program of Asia Token Fund and the Blockchain For Goods association under Bybit Web3.

At the same time, the project team disclosed partnerships with over 20 leading Web3 projects and institutions, enabling Academic Labs to tap into a massive community of over 2 million users.

The successful fundraising marks a new chapter for Academic Labs, heralding further expansion of its ecosystem and the ongoing development of its platform and products. The team announced that details regarding new products, token airdrops, and listings will be revealed in the coming weeks.

Mission of Academic Labs

Academic Labs is an EduFi project aimed at improving the efficiency of value exchange in today's online education world.

"High platform fees, lack of incentives for learning and teaching, and insufficient community participation in platform construction are challenges we are determined to address," asserted Kingston Kwek, founder and CVO of Academic Labs. "By harnessing the power of Web3 technology, we aim not only to solve these issues but to create a new educational paradigm—a truly decentralized, community-driven, and accessible education model for all."

To tackle these challenges, Academic Labs introduces Web3 technology, returning platform ownership to learners and educators. By allowing users to participate in platform development, Academic Labs implements a community-driven approach to decide on the content and features to be launched, maximizing the efficiency of knowledge sharing. The platform operates with zero fees, empowering users with the true power to decide what knowledge they want to acquire.

Academic Labs utilizes token economics to make learning easily accessible, realizing the democratization of educational resources, which aligns with the United Nations' goal of quality education. Its gamification and SocialFi features have quintupled user growth this year, making learning fun and engaging. Beyond the online space, Academic Labs has also established partnerships with universities in Hong Kong, the Philippines, and Vietnam, and collaborated with Cornell University's blockchain project to incorporate blockchain education globally.

The first EduFi project on Solana

Academic Labs is the first EduFi project launched on Solana. Solana is a high-performance blockchain with a highly regarded DeFi and AI ecosystem.

"Choosing to build on Solana is a strategic decision rooted in our commitment to providing the best experience for users," said Ryan, CMO of Academic Labs and a loyal contributor to the Solana community. "Solana's high performance, comprehensive ecosystem, and vibrant community perfectly align with our mission to make education more accessible, engaging, and rewarding for learners worldwide."

The synergy between Academic Labs and the Solana chain is not only cultural but extends to their core driving forces. Recently, through Solana's powerful ecosystem in the DeFi space, Academic Labs has launched multiple live streams and courses on cryptocurrency trading. The team believes that the trading narrative on Solana is an excellent way to bring Web2 users into Web3.

As the first EduFi project on Solana, Academic Labs is fully prepared for its upcoming listing. The project has achieved significant milestones, including 100,000 registered users, a robust community of 250,000, and 5,000 daily active users (DAU). These achievements indicate the growing market demand for Web3-driven educational solutions and the potential for Academic Labs to make a lasting impact in the field.

The Road Ahead

With the successful completion of the first round of funding and the establishment of key partnerships, Academic Labs is gearing up for rapid growth and expansion. The team is currently focused on several key initiatives to further enhance the platform and provide greater value to users.

In the coming weeks, Academic Labs will distribute the first round of token airdrops to reward early adopters and active community members for their support of the project. The project will also advance its highly anticipated token listing, providing opportunities for broader investor participation in the Academic Labs ecosystem.

In addition to these milestones, the team is also working on developing version 2.0 of the product platform, which will introduce a range of new features designed to enrich the learning experience and promote greater collaboration among users. The launch of the second product is also on the horizon, showcasing Academic Labs' commitment to continuous innovation and growth.

As Academic Labs continues to push the boundaries of possibilities in the Web3 education space, it is well-prepared to become a leading force in the industry. With its innovative approach, strong partnerships, and dedicated team, Academic Labs is poised to revolutionize the sharing and utilization of educational resources, enabling both learners and creators to maximize their potential.

"Our vision for the future is to seamlessly empower everyone's lifelong learning journey," explains Terry Tan, CEO of Academic Labs. "We believe that the ability to truly understand user backgrounds is crucial for all developers in the digital age, and education and skills-related data will be one of the most important components. Academic Labs aims to be a platform that allows individuals to own and control their educational data through decentralized identities, opening new possibilities for personalized learning and career development."

As Academic Labs approaches its listing and platform updates, it will open its doors to more users and audiences, bringing it closer to its ultimate goal.