With the arrival of WE3.0, new concepts and new technologies are constantly advancing the progress of the times. We have heard about the concept of Social Fi for a long time, but there has been no substantial project based on this concept. Open Campus will establish a decentralized education platform where educators and authors can carry out their work and receive corresponding compensation. At the same time, Open Campus will also become a pioneer in the concept of Social Fi!
What is Social Fi?
SocialFi brings together the principles of social media and decentralized finance (DeFi). The SocialFi platform provides a Web3 (decentralized) approach to creating, managing, and owning the content generated by social media platforms and their participants.
What is Open Campus?
It is a Web3 education protocol platform where teachers and creators can own the educational content they produce with tokens and use it to make money. The mission of this project is to encourage teachers to contribute to society and give full recognition, and to provide a global alternative learning system for students around the world. TinyTap is the first participating project on Open Campus.
What is TinyTap?
TinyTap is one of the leaders in user-generated content in the $5 trillion education market, best known for its no-code creation platform that has produced over 250,000 interactive lessons to date.
How does TinyTap work in Open Campus?
TinyTap is the first participant of Open Campus, which allows users to create their own educational content and classrooms without coding, with more than 250,000 interactive courses. It is one of the top ten highest-grossing children's mobile apps on the App Store and Google Play, used by more than 9 million families and has more than 100,000 creators, and has cooperated with many well-known publishers such as Sesame Street and Oxford University.
What is Open Campus’ mission?
To ensure that teachers are recognised for their contribution to society and to provide a global alternative education system for learners around the world.
EDU is the native utility token of the Open Campus (EDU) ecosystem and is used for the following functions:
Governance: EDU token holders can submit and vote on DAO proposals for the protocol (e.g., directing the use of tokens allocated to the ecosystem).
Payments: EDU can be used as a payment method for products and services provided by companies adopting the protocol (such as TinyTap, where % of revenue is allocated to the protocol).
On-chain revenue sharing: Contributors (including content creators, publishers, and platforms) receive a share of the protocol revenue in EDU.
User Acquisition: EDU can be used to incentivize and onboard web2 users to web3 as they can receive discounts when accessing products provided by protocol ecosystem partners (e.g. TinyTap).
Content ownership: Users can purchase co-publishing rights through Publisher NFT and EDU.
The project raised $6 million in its first IDO round in 2022, representing 6% of the total EDU token supply, with a FDV of ~$100 million. As of April 21, 2023, the total EDU token supply is 1,000,000,000. The circulating supply after listing will be 145,000,000 (14.50% of the total token supply).
I personally think that Open Campus, as the first project of the Social Fi concept, has great potential. Although education still has many unknowns in the field of blockchain, Open Campus, as the first project of the Social Fi concept, will definitely receive enthusiastic attention from the market once it is launched. Currently, IDO and Binance IEO on April 28 have good layouts, and the core focus is Binance IEO. According to incomplete statistics: the project income of Binance IEO launched within one year has reached 1800%, which is worth paying attention to!