The native token of Open Campus, a decentralized education platform, has seen a surge of over 117% this week. The announcement that web3 firm Animoca Brands plans to purchase EDU tokens has contributed to the price increase.
EDU Token Price
EDU is currently trading at $1.10, a significant jump from its seven-day low of $0.505. It has also gained over 12% in the past 24 hours.
Open Campus and EDU Chain
Open Campus aims to connect learners, educators, and educational institutions through its ecosystem. The EDU Chain is a layer-3 blockchain specifically designed for the education industry.
Animoca Brands’ Purchase Announcement
Animoca Brands, a web3 and blockchain gaming company, has announced plans to acquire more EDU tokens. The company believes in the work of Open Campus and the potential of EDU Chain.
Principal Node Sale
Open Campus has also announced the upcoming sale of principal nodes for the EDU Chain. Principal node operators earn rewards by validating transactions on the chain. The sale dates will be announced next month.
Current Market Position
Despite its recent gains, EDU remains below its all-time high of $1.67, which it reached in April 2023. However, the token’s price surge indicates growing interest in decentralized education and the potential of blockchain technology in this sector.
