May 17, 2023

Animoca Brands Supports Web3 Global Educators Fund by $10 Million

Animoca Brands

Animoca Brands

Metaverse and gaming developer Animoca Brands announced that it would grant $10 million to a fund that aims to provide educational content on the usage of Web3 technologies and communities. 

In a press release, Animoca Brands said it would fund the Global Educators Fund (the “Fund”) with $10 million. The Fund is established by Open Campus Protocol (“Open Campus”). 

Open Campus is a community-led protocol for content creators, educators, parents, and students, which aims to make use of Web3 technology to create a modern and global educational space where students, parents, content creators, and parents can cooperate. Through it, its community can utilize blockchain technology to fund, co-own and learn from educational content that fits their needs.

Open Campus, as a project, includes is supported by Animoca Brands, GEMS Education, Liberty City Ventures, TinyTap, Dalton Learning Lab, and others.

As for the fund, it encourages qualified teachers and enthusiastic persons to create educational content, including videos, slideshows, interactive games, and other forms. The successful applicants may receive up to $100,000 in EDU tokens to help them in funding their ideas for developing educational courses. 

In this regard, Animoca’s Co-founder and Executive Chairman Yat Siu said: “Teachers are among the most prolific and important content creators, but they often lack the funding to advance and innovate in the classroom and in their learning programs. By supporting the Open Campus Global Educators Fund, which we believe is the first of its kind, we want to use Web3 to allow educators around the world to produce new educational content that is relevant and innovative and that can adequately prepare students for the challenges and opportunities of the future.”

Animoca Brands is used to offer grants and pump investments in Web3-related technologies, the top of which was their December announcement of its plan to set up a fund worth $2 billion to invest in metaverse-related activities. 

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