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Binance Labs Fuels Web3 Education Revolution with $3.15 Million Investment. 🧪🏫💰
Cryptocurrency exchange giant Binance's venture arm, Binance Labs, has unveiled a strategic investment plan to propel Web3 adoption through a substantial investment of $3.15 million in Open Campus.
Bringing Users into Web3
The primary goal of the investment is to attract new users to Web3 and encourage existing ones to engage in education through innovative Publisher NFTs.
Open Campus aims to create a more inclusive and lucrative environment by enhancing the earning capabilities of content creators and facilitating revenue-sharing opportunities for co-owners.
Integrating Web3 into Education
Yi He, Co-Founder of Binance and head of Binance Labs, emphasizes that Open Campus integrates Web3 tokenomics and technology into the educational landscape to foster the creation of top-notch educational content.
Collaboration with TinyTap: Revolutionizing EdTech
TinyTap, a branch of Animoca Brands and a key player in EdTech, becomes the inaugural user of Open Campus.
TinyTap, known for being among the Top 10 grossing kids' mobile applications, with a user base exceeding 10 million families, partners with Open Campus to initiate a climate change initiative in collaboration with Care Bears. This involves the introduction of educational content and Publisher NFTs.
On-Ramp Services for Web3 Adoption:
Open Campus leverages adopters like TinyTap to offer on-ramp services, including wallets, token payments, and incentives, aiming to propel the widespread adoption of Web3 in the education sector.
This strategic move by Binance Labs signifies a significant step towards the integration of blockchain technology and tokenomics into the education landscape, with the potential to revolutionize how content creators are rewarded and educational content is shared.
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