Bittime – Open Campus (EDU) , the utility and governance token for the innovative Web3 education network, has seen a significant price increase of 15.3% and is currently trending on Binance. Over the past week, the token has surged by 70%, with its price fluctuating between a 24-hour low of $0.751 and a high of $0.9712.
Animoca Brands Increases Investment in EDU Token
Animoca Brands, a key investor in Open Campus along with Binance Labs and Sequoia China, has announced plans to purchase more EDU tokens on the open market. The move reflects Animoca Brands' strong support for the Open Campus initiative and the EDU Foundation, particularly with the upcoming launch of EDU Chain, the first Layer 3 blockchain tailored for the global education market.
Also read: Animoca Brands is preparing to sell EDU tokens, here is the leaked information!
Morgan Stanley Report
In June 2023 it projected the education industry would grow into an $8 trillion market by 2030. Animoca Brands' increase in stake in the EDU token underscores its commitment to this fast-growing sector.
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TinyTap's Role in Open Campus
TinyTap, a subsidiary of Animoca Brands, is a key participant among Open Campus' launch partners. The company is collaborating with others on this initiative, with Yat Siu, executive chairman and co-founder of Animoca Brands, and Yogev Shelly, CEO of TinyTap, serving on the EDU Foundation Board.
Animoca Brands' recent acquisition of more EDU tokens highlights its dedication to the Open Campus project and its vision to leverage blockchain technology to revolutionize the education sector.
Transforming Education with Blockchain
The Open Campus project aims to overhaul the education system using blockchain technology, with a focus on decentralization and increased accessibility. The EDU token plays an important role in governance and utility in the ecosystem, enhancing the project's mission.
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Observations from Binance Launchpads and the Potential of EDU
Burgerflipper analysts point out that as of 2023, Binance has only incubated three projects through its Launchpads: ID, ARKM, and EDU .
While there are new Binance launchpool launches every week, these three projects have demonstrated incredible fully diluted valuations (FDV), with ID at $325 million/1.5 billion FDV, ARKM at $500 million/2.5 billion FDV, and EDU of $200 million/800 million FDV.
The analyst also mentioned that Binance CEO CZ's involvement in educational initiatives confirms the potential of the Open Campus project and its EDU token.
Conclusion: The prospects for EDU and Open Campus are still promising
Given the projected growth of the education industry to an $8 trillion market by 2030, the prospects for EDU and Open Campus projects are enormous and promising.
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How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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