Crypto instructional startup Open Campus has raised over $3 million from Binance Labs to double down on NFTs.
Open Campus (EDU), a cryptocurrency-focused instructional startup, has raised $3.15 million from Binance‘s enterprise arm Binance Labs.
In accordance with an announcement on Monday, Nov. 27, 2023, the funding is predicted to assist the startup onboard new customers onto Web3 and “entice extra native customers to take part in training by the launch of novel Writer NFTs.” After the information broke, the mission’s native token jumped by greater than 6%, reaching in a second $0.65, in line with CoinGecko.
Yat Siu, who’s the co-founder of Animoca Manufacturers and a council member of Open Campus, stated the funding is in keeping with Open Campus’ mission to “decentralize training and discover progressive methods to assist educators.”
“Digital property rights are coming to training, and that’s why we’re thrilled to have the involvement and assist of Binance Labs, which we consider will enhance our efforts to onboard educators and content material creators worldwide to create and tokenize content material by way of our protocol.”
Yat Siu
From its inception, Open Campus was supported by the alternate as early as April 2023, when the mission first appeared on Binance Launchpad, a crowdfunding platform provided to the alternate’s customers. In accordance with the token sale description page, a complete of greater than 9 million Binance Coin (BNB) (at present price of $2 billion) was dedicated for Open Campus from 120,000 customers on Binance.