Open Campus Launches EDU Chain Layer 3 Network on Arbitrum One
Open Campus (EDU) has launched the EDU Chain, a layer three network on Arbitrum One, aimed at democratizing education. Key details include:
- 150 million EDU tokens allocated for distribution, representing 15% of total supply.
- Token distribution via EDULand NFTs and a new Yuzu on-chain points system for rewards.
- Over 100 decentralized applications (Dapps) currently being developed on the EDU Chain, including BlockFlow and EduHub.
The EDU token rose over 15% in 24 hours, trading above $0.62, supported by a market valuation of approximately $158 million and a trading volume of around $24 million. The overall altcoin market is experiencing a rally, influenced by Bitcoin's recent price surge.
The Open Campus leverages blockchain to reshape online education for a global audience, targeting a $5 trillion industry with 1.4 billion students and educators. The launch is expected to improve liquidity and connectivity within its ecosystem.