Open Campus Protocol: Monetizing Education Worldwide
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Open Campus Protocol (OCP) is a cutting-edge, community-led education protocol that leverages blockchain technology to tokenize educational content, empowering teachers and creators to monetize their contributions. With a mission to create a global, alternative education system while recognizing and rewarding teachers, OCP has gained momentum as one of the first adopters, TinyTap, a top-grossing mobile application with a massive user base.
EDU, the native utility token of the OCP ecosystem, serves multiple purposes, including governance, payment, on-chain revenue sharing, user acquisition, and content ownership. EDU holders have the power to submit and vote on DAO proposals, and can also use EDU as a means of payment for products and services offered by companies that have integrated OCP. Contributors, such as content creators, publishers, and platforms, receive their share of revenue in EDU, while users can purchase co-publishing rights through Publisher NFTs using EDU.
OCP is focused on building a scalable infrastructure to onboard a diverse ecosystem of adopters, including schools, edtechs, and other educational providers. Their on-ramp strategy involves introducing tokens to users of OCP adopters, like TinyTap, through various means such as wallets, tokens as payment, and discounts/incentives to drive adoption. Furthermore, OCP enables educational content to be tokenized into NFTs through Publisher NFTs, with revenue generated from the content stored in a smart contract, allowing co-owners to withdraw based on their contribution. These NFTs can also be bought and sold in EDU on the marketplace, and Smart Donations enable EDU grants and scholarships to be released based on measurable on-chain events.
OCP has already raised $6 million from a private token sale in 2022, representing 6% of the total EDU token supply, with a fully diluted valuation of approximately $100 million. As of April 21st, 2023, the total supply of EDU is 1,000,000,000, with a circulating supply of 145,000,000 (14.5% of the total token supply) upon listing.
With its innovative approach to education and use of blockchain technology to tokenize educational content, OCP has the potential to revolutionize the education market. With TinyTap as a key adopter and a rapidly growing user base, the OCP ecosystem is poised for significant growth, potentially bringing billions of educators and learners worldwide to the web3 platform.