Open Campus Secures Grant from Arbitrum Foundation to Accelerate Development of EDU Chain
In Brief
Open Campus has successfully secured funding from the Arbitrum Foundation to drive the development of the EDU Chain, which is specifically tailored for educational initiatives.
Decentralized education platform Open Campus has announced the acquisition of dedicated grant funds from the Arbitrum Foundation , an organization focused on enhancing the Arbitrum blockchain ecosystem. These resources will aid in the development of EDU Chain, a Layer 3 blockchain designed specifically for education.
The EDU Chain utilizes a unique 'Learn Own Earn' approach, intended to create a network of decentralized applications (dApps) beneficial for both students and educators. Open Campus aims to harness its extensive network, which includes over sixty partners in education and Web3 with a total of 20 million learners, to foster participation within the EDU Chain ecosystem. Furthermore, the initiative intends to track learning accomplishments on-chain and promote innovative education financing solutions developed by Open Campus, while collaborating with various partners to design and launch dApps on the EDU Chain interface.
The EDU Chain operates as an Arbitrum Orbit Stack Layer 3 rollup, allowing for Layer 3 transactions to be settled on Arbitrum's Layer 2 scaling solution for Ethereum. This configuration guarantees that transactions maintain Ethereum-level security while significantly improving scalability with quicker and more affordable transaction processing.
In addition to this grant, Open Campus plans to enhance the Arbitrum Ambassador Program by rolling out educational content initiatives and actively participating in hackathons hosted by Arbitrum. The goal of these actions is to motivate developers who are engaged in creating dApps for the EDU Chain platform.
Open Campus Drives Educational Innovation Forward with EDU Chain
Open Campus is a decentralized platform aiming to address various challenges faced in the education sector. It functions as an ecosystem that connects learners, educators, content creators, and academic institutions, fostering collaboration and generating value across the educational landscape through the use of blockchain technology. This project is a product of collaboration between Animoca Brands, TinyTap, GEM Education, and other partners. education sector In April, the EDU Chain was first presented, inviting developers to create dApps based on the 'Learn Own Earn' philosophy on the platform.
Recently, the Open Campus community has approved the OCP-9 proposal, allowing for a budget of $10 million from the Open Campus ecosystem fund aimed at acquiring verification nodes from other networks.
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