Open Campus is an online Web 3 education platform that brings together instructors and learners. With all content published as NFT, instructors can earn income and students around the world can learn. The native cryptocurrency of Open Campus is EDU. In this article, we will look for answers to questions such as what is Open Campus (EDU), what does Open Campus (EDU) do, what are the advantages of Open Campus (EDU).
What is Open Campus (EDU)? What Does It Do?
Open Campus is an educational platform that harnesses the power and innovation of Web 3 . In recent years, online education has become increasingly popular. In fact, Udemy and similar platforms in the Web 2 segment have taken the online education system a long way forward. Open Campus, which wants to further develop the system here and take it to another dimension, has developed a project on Web 3 with a more innovative perspective. On the Open Campus platform, people who want to give education and people who want to receive education come together. In fact, it could be said to be a marketplace. Educators earn income from the content they create. It should also be underlined that all educational content in Open Campus is NFT.
On the Open Campus platform, there can be teachers as well as content producers. Open Campus is designed to recognize the contribution of educators to society and create an alternative education system for students around the world. In this way, Open Campus can become a pioneer in spreading innovative education models around the world. Another perspective of Open Campus is to include Web 2 users in Web 3. In this way, a much more interactive environment can be created on online education platforms.
It should not be assumed that the educational content on Open Campus can only be utilized individually. Schools, institutions and anyone who wants to can also benefit from Open Campus. At this point, Open Campus successfully implements the inclusive nature of education. In fact, when the project name is translated into Turkish, it appears as ‘Open Campus’.
EDU, the native cryptocurrency of Open Campus, is used for payment, participation in governance processes, revenue sharing, user incentives and content ownership.
What advantages does Open Campus (EDU) offer?
The advantages that Open Campus, which sets out to offer a different perspective to the world of education, brings to the sector and its users are as follows.
Content on Open Campus is created, printed and traded as NFTs. The proceeds are shared among everyone.
The publishing rights to a course in Open Campus can be purchased. In this way, people who buy the broadcasting rights can earn income from this content in different channels or use this content for beneficial purposes.
Open Campus supports grants and scholarships. In this way, users who do not have sufficient financial means can also receive training. Moreover, benefactors can track the fate of their donations thanks to the transparency of the blockchain.
The creators of the training content can issue a certificate to the participants. These certificates are also created in the NFT format.
Thanks to the platform created by Open Campus, those who want to give and receive education from all over the world can come together.
How does Open Campus (EDU) work?
For a clearer understanding of how Open Campus works, it may be useful to discuss the subject under several headings. These headings can be found in order immediately below.
If the content submitted to the platform by content creators is accepted, the ownership and publicity rights of the content will be transferred to NFT. However, it should be noted here that the content must be checked before it is accepted. At this point, content producers must pay the validators who will provide this control through EDU tokens. Each publisher NFT has a fixed supply of copies that can be sold to partner publishers and a Content ID, a unique identifier that facilitates access to content through any platform or device.
Publishers can buy NFT (educational content) from content creators or secondary markets. They can then be responsible for marketing and localizing content for their target audience and the regions they want to work in. They can use a variety of channels to promote content, such as social media, blogs, podcasts and newsletters. In return for their efforts, co-publishers can receive a share of the revenue from the content based on their performance.
Anyone who wants to benefit from the training can access the content on Open Campus. Of course, before that they have to pay a fee through EDU to access the content. These fees are set by content creators and co-publishers and may vary depending on the type, quality and demand for content. The revenue from the fee is split between the creator, co-publishers, validators and the EDU Foundation according to smart contracts.
The fact that Open Campus is an educational platform does not mean that it will accept all kinds of content. Ensure that content meets certain quality standards and complies with the rules before it is published. Open Campus has set up a peer review system for these processes. These people are actually known as ‘validators’. People who deposit tokens in Open Campus can become validators, and these validators are randomly selected by the system. Verifiers receive rewards for fulfilling their mission. If verifiers are found to have misconducted themselves, they will also be penalized.
EDU Token Holders:
It can help manage the platform through the Open Campus DAO, which manages the development, funding and operations of the protocol. These include proposing and voting on protocol upgrades, protocol development, allocating funds for educational initiatives, setting protocol parameters and fees, and resolving potential disputes. The overall aim of the DAO is to ensure that the development of the protocol is aligned with the interests of stakeholders and adapts to the changing needs of the education sector.
They can directly and transparently support educational causes with smart contract donations.
They can choose from a variety of purposes, such as scholarships, grants, prizes and sponsorships, and set the amount and conditions of their donation. Each donation is executed by a smart contract that ensures that the funds are delivered to the intended recipients and used for the stated purposes. Open Campus brings tax benefits and incentives for people to donate.
Who are the Founders of Open Campus (EDU)?
Open Campus (EDU) was founded in partnership with the TinyTap platform, which launched in 2012. TinyTap is an educational gaming platform and is known to have the world’s largest library of educational games. In partnership with Sesame Street and Oxford University Press, TinyTap has delivered high-quality educational content to more than 9 million families worldwide. In June 2022, Animoca Brands acquired a very large portion of TinyTap’s shares and aimed to turn TinyTap into a Web 3 platform.
At this point, Yogev Shelly and Oren Elbaz , founders of TinyTap, are recognized as the founders of Open Campus.
Yogev Shelly graduated from Bezalel Academy of Art and Design, Department of Visual Communication. Yogev Shelly started his career as a UX consultant and designer and then founded a design studio called 27 Division. Yogev Shelly, then UX/UI director and customer development at Rounds, co-founded BulletinTV before heading TinyTap.
Like his friend, Oren Elbaz graduated from the Bezalel Academy of Art and Design, Department of Visual Communication. Following his graduation, it is seen that he shaped his career life in the field of graphic design. Oren Elbaz, co-founder of TinyTap and head of the design department, parted ways with TinyTap in 2020. After TinyTap, Oren Elbaz worked as a senior product designer at monday.com and tomorrow.io, and today he is the head of design at Joyned.
What Other Things to Know About Open Campus (EDU)?
To find out a little more about Open Campus (EDU), it is useful to look at the answers to some of the questions below.
Is EDU a token? Or is it a coin?
Coin is a cryptocurrency created on its own blockchain. A token is a cryptocurrency that does not have its own blockchain and is created on an existing blockchain. EDU is a token because it does not have its own blockchain.
Which blockchain is the EDU token on?
The EDU token is on the BNB blockchain and was created according to the BEP-20 standard.
Is EDU token mining done?
EDU is not mined. Content producers, co-publishers and verifiers receive revenue for their services.
How to buy EDU tokens?
To buy EDU tokens, it is sufficient to create a membership on ICRYPEX. Once the membership process is complete, it is fast, easy and secure to trade other cryptocurrencies including RDNT token.
How to Become a Member of ICRYPEX?
After visiting www.icrypex.com from a browser, you can click on the “SUBSCRIBE” button at the top right of the page, fill in the required information and you can easily create your membership.
From mobile devices, primarily;
Android users can download our app by clicking here, Apple users by clicking here and HUAWEI users by clicking here. After logging in to the application, you can click on the menu icon at the top left, then click on “SUBSCRIBE” to fill in the required information and easily create your membership.