Deepika- Open campus protocol is a community that is led by web3 education protocol.
- The Open campus community utilizes blockchain technology to fund, co-own, and learn from educational content
- Creators can launch their content on the protocol by offering NFTs to publishers, allowing co-publishers to earn revenue from their contributions.
Open campus
Open campus crypto is the next-generation project. It is a decentralized educational protocol test that helps communities and educators to create and share tokenized educational content. It is a fungible token.
That aims to transfer traditional centralized education into a more open, transparent, and community-led system test that is not controlled by governments, corporations, or censorship.
It employs the $EDU token, a digital token that powers the open campus protocol. It facilitates novel forms of collaboration, incentivizes high-quality content creation, and promotes the long-term growth of the protocol.
It allows donors to make direct and transparent contributions to educational causes through smart contract donations. That allows the donor to choose from various causes such as scholarships, grants, bounties, and sponsorship and track their donations on the chain.
It relies on a peer-review system to ensure the content is fulfilling its requirements with its rules. The validators are selected randomly from a pool of qualified EDU holders who stake their tokens to perform the validation task. It allows them to earn rewards for their work and might have to pay the penalties for misconduct.
Features of open campus
It allows educators to create their own education courses, podcast, books, and other educational content and earn from them. It also enables the students to access a wide range of quality and affordable resources for learning.
It also provides rewards to both the learner and the educators for participating in an open campus ecosystem. Also, it has a limited supply of one billion tokens.
Educational platforms involve three types of roles in it:
- The content creator who provides content.
- The platform operator who provides support and maintenance for the platform
- Students skiing educational content.
In web2 there are already substitute platforms one is Coursera. This platform allows the user to decide about the topics that are according to their interest and could help them to earn certificates upon completion.
Background of open campus
It is a close partner of Tiny Tap or can say a Tiny Tap. It is from Israel the user-generated content educational gaming platform, that was founded in 2012. That enables every user who does not know how to code to create content with a focus on game-based user learning for children.
In June 2022, 84% of Tiny Tap’s shares were acquired by Amomica acquired for the price of $38.9 million, with the plan to transform it into a web3 platform. After a few months of NFT issuance Tiny Tap.
In its first issuance, the Tiny Tap Publisher NFT earned around 139 $ETH in revenue, with half going to the creators.
