EDU Chain by Open Campus launches at Arbitrum, with the aim of revolutionizing education with blockchain

Open Campus, a decentralized education initiative backed by Animoca Brands and Binance Labs, launched EDU Chain, a Layer 3 blockchain on Arbitrum Orbit, designed to power educational applications and cultivate a thriving dApp ecosystem, the team shared on Friday.

<blockquote class="twitter-tweet” data-width=”500″ data-dnt=”true” wp_automatic_readability=”12.330097087379″>

Presenting <a target="_blank" href="https://twitter.com/educhain_xyz?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>@educhain_xyz

Bring the $5 trillion education industry and 1.4 billion students and educators around the world into the chain.

Our main network is now active

Learn how you can join the Cadena EDU movement pic.twitter.com/U3Pl67TZU9

— Open Campus (@opencampus_xyz) <a target="_blank" href="https://twitter.com/opencampus_xyz/status/1880201970570653765?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>January 17, 2025

As an EVM-compatible chain built on Orbit, the platform inherits the security and infrastructure of Arbitrum One, while leveraging the security and liquidity of ethereum and operating as an independent network.

EDU Chain introduces the Open Campus (OC) Achievement (formerly Verifiable Credentials) system, which enables educational institutions and training centers to issue decentralized, tamper-proof academic records.

With OC Achievements, each learner has full ownership and control over their own learning data, said Yat Siu, co-founder and CEO of Animoca Brands, also a member of the EDU Foundation board of directors, in a statement to Cointelegraph.

More than 100 decentralized applications are currently being developed on EDU Chain, spanning trading, learning, gaming and earning categories, the project stated.

The $EDU token serves as a utility token in the EDU chain ecosystem. $EDU holders can bridge and stake their tokens on the mainnet to earn rewards, according to Open Campus. EDU Chain has allocated 150 million $EDU tokens, representing 15% of the total supply, for mainnet rewards distributed via EDUL and nfts over three years.

The debut follows a testnet campaign that saw impressive activity, with 86.2 million transactions and 358,684 active wallets. EDU Chain has achieved a total value locked (TVL) of $162 million. according L2Beat.

To further expand its ecosystem, Open Campus is hosting a hackathon series with a $1 million prize pool and a 12-week OC Incubator program, offering mentorship, funding and support to winning projects.

The platform also started the “Yuzu: First Harvest” campaign, which allows mainnet users to earn rewards by interacting with EDU Chain dApps during the first season.