The price pumped after Hong Kong game developer Animoca Brands announced that it would invest in the #Binance-backed #altcoin:

Hong Kong-based blockchain game developer Animoca Brands announced that it will invest in an altcoin.

In their X post dated May 22, Animoca Brands announced that they will invest in the education-focused cryptocurrency project Open Campus (EDU).

In these days when the value of the global education industry is predicted to reach 8 trillion dollars by 2030, it was stated that they are excited to invest in this project that brings together Web3 and education facts:

We aim to purchase additional EDU tokens from the open market. EDU is the governance token used by Open Campus, the world's first Web3 education protocol and powered by BinanceLabs, Sequoia, and others.

Animoca Brands' chairman and co-founder Yat Siu and TinyTap's CEO Yogev Shelly are members of the EDU Foundation Council.

This announcement shared by Animoca Brands immediately had a positive impact on the EDU price. According to CoinGecko data, EDU, which increased by 20% due to the news flow, climbed from $ 0.65 to $ 0.78.