Open Campus Launches EDU Chain Mainnet with $150 Million TVL

Open Campus, a community-led decentralized autonomous group (DAO) targeted on constructing an on-chain schooling community, has efficiently launched its EDU Chain mainnet. This new growth positions EDU Chain as a formidable participant within the blockchain area, significantly inside the schooling sector, with a complete worth locked (TVL) of $150 million. The mainnet launch, introduced by Open Campus, represents a major milestone because it surpasses all different Layer 3 blockchains by way of TVL, in response to 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 function in its operations. The mainnet’s spectacular TVL consists of parts of the Open Campus treasury and property bridged by liquidity suppliers, highlighting the strong assist and confidence from stakeholders.

Following a profitable testnet section, which recorded over 86.2 million transactions and engaged 358,684 distinctive lively wallets, EDU Chain is ready to deploy 47 decentralized purposes (dApps) onto the mainnet. This transition from testnet to mainnet is anticipated to additional bolster its ecosystem and person engagement.

Initiatives to Increase dApp Growth

Open Campus has initiated a number of packages to extend the variety of dApps on the EDU Chain platform. One main initiative is an internet hackathon sequence, providing $1 million in prizes to encourage innovation and growth. The hackathons have already attracted 1000’s of members, 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 presents a 12-week incubation interval for hackathon winners, offering them with the chance to realize traction and safe funding for his or her initiatives.

Group Engagement and Future Prospects

To additional interact its neighborhood, 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 know-how with schooling. Shan Han, portfolio supervisor and head of Ecosystem at Animoca Manufacturers, highlighted the venture’s strong infrastructure and the robust belief it has garnered amongst builders and stakeholders.

The launch of the EDU Chain mainnet marks a pivotal development within the intersection of blockchain know-how and schooling, aiming to revolutionize how instructional programs function and work together globally.

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