Open Campus, the decentralized autonomous group constructing an on-chain training community, has launched the EDU Chain mainnet on Arbitrum Orbit.
Designed for education-focused decentralized functions and EduFi, the EDU Chain on Arbitrum (ARB) Orbit has shortly develop into the main Layer 3 blockchain, surpassing $150 million in whole worth locked, in response to L2beat.
The blockchain’s TVL consists of contributions from Open Campus’s treasury and liquidity suppliers bridging property to the platform, in response to a launch shared with crypto.information.
Throughout its testnet part, EDU Chain processed over 86.2 million transactions and engaged 358,684 distinctive lively wallets. With 47 dApps already dwell on the testnet, many are actually getting ready to deploy on the mainnet.
Open Campus’s initiatives
To drive dApp improvement, Open Campus (EDU) has launched two initiatives. The primary is an ongoing hackathon sequence with $1 million in prizes, which has already attracted 1000’s of builders.
The second initiative, the Open Campus Incubator, is a 12-week program designed to assist hackathon winners scale their tasks. Members acquire entry to grants, enterprise capital funding alternatives, and assets to develop on EDU Chain.
Moreover, the platform launched Season 1 of its Yuzu Factors rewards program. By interacting with mainnet dApps, customers can earn Yuzu Factors, which unlock EDU token emissions. Open Campus has allotted as much as 150 million EDU tokens for these rewards.
The launch positions EDU Chain as a pacesetter in blockchain-based training options, combining decentralized finance, gamified studying, and developer assist to foster innovation in on-chain training.
