Peter Zhang
Jan 17, 2025 13:21
Open Campus introduces its EDU Chain mainnet on Arbitrum Orbit, boasting a complete worth locked of $150 million, main the Layer 3 blockchain house.
Open Campus, a community-led decentralized autonomous group (DAO) centered on constructing an on-chain schooling community, has efficiently launched its EDU Chain mainnet. This new improvement positions EDU Chain as a formidable participant within the blockchain house, notably throughout the schooling sector, with a complete worth locked (TVL) of $150 million. The mainnet launch, introduced by Open Campus, represents a big milestone because it surpasses all different Layer 3 blockchains when it comes to TVL, in keeping with Animoca Manufacturers.
EDU Chain’s Strategic Design and Efficiency
The EDU Chain is constructed on Arbitrum Orbit and is tailor-made for consumer-facing schooling purposes and on-chain schooling finance (EduFi). The blockchain is powered by the EDU token, which performs a vital position in its operations. The mainnet’s spectacular TVL consists of parts of the Open Campus treasury and belongings bridged by liquidity suppliers, highlighting the strong help and confidence from stakeholders.
Following a profitable testnet part, which recorded over 86.2 million transactions and engaged 358,684 distinctive lively wallets, EDU Chain is about to deploy 47 decentralized purposes (dApps) onto the mainnet. This transition from testnet to mainnet is predicted to additional bolster its ecosystem and person engagement.
Initiatives to Increase dApp Improvement
Open Campus has initiated a number of applications to extend the variety of dApps on the EDU Chain platform. One main initiative is a web based hackathon sequence, providing $1 million in prizes to encourage innovation and improvement. The hackathons have already attracted 1000’s of individuals, with the primary two occasions specializing in DeFi and infrastructure, adopted by gamified schooling and DeFi purposes. The third hackathon is scheduled to open for registration in February 2025.
Moreover, the Open Campus Incubator program provides a 12-week incubation interval for hackathon winners, offering them with the chance to realize traction and safe funding for his or her initiatives.
Neighborhood Engagement and Future Prospects
To additional interact its group, EDU Chain has launched a mainnet factors program, the place customers can earn Yuzu factors by interacting with dApps on the mainnet. These factors can be utilized to unlock EDU token emissions, with as much as 150 million EDU tokens allotted for rewards.
Yat Siu, co-founder and govt chairman of Animoca Manufacturers, emphasised the transformative potential of the EDU Chain mainnet in integrating blockchain expertise with schooling. Shan Han, portfolio supervisor and head of Ecosystem at Animoca Manufacturers, highlighted the venture’s strong infrastructure and the sturdy belief it has garnered amongst builders and stakeholders.
The launch of the EDU Chain mainnet marks a pivotal development within the intersection of blockchain expertise and schooling, aiming to revolutionize how academic techniques function and work together globally.
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