As a researcher with a background in blockchain technology and the crypto market, I find Animoca Brands’ announcement of their plans to purchase more EDU tokens from the open market an intriguing development. Animoca Brands’ involvement in this project adds weight to Open Campus as it is backed by a well-established and reputable player in the blockchain gaming industry.
Animoca Brands, a prominent crypto venture capital firm, announced its intention to purchase additional EDU tokens from the public market. This buying activity is expected to boost Open Campus’ native token by more than 30%.
Animoca Brands, the cryptocurrency investment firm responsible for projects like The Sandbox and Eden Games, has declared its plan to purchase additional Open Campus (EDU) tokens directly from the marketplace. This action aims to demonstrate Animoca Brands’ commitment to the EDU Foundation.
As a crypto investor, I’m excited about the recent announcement made by a Hong Kong-based firm on their blog on May 22. They revealed plans for a buyout with the intention of boosting the development of EDU Chain, a layer-3 blockchain solution specifically catered to the global education sector. Consequently, the price of EDU surged to $0.8, resulting in a substantial increase of approximately 35% in a short period.
As a crypto investor, I’ve noticed that Animoca Brands hasn’t disclosed specific information regarding the length or extent of their intended token purchase. They are, however, launch partners of Open Campus alongside their subsidiary TinyTap. Intriguingly enough, Yat Siu, the executive chairman and co-founder of Animoca Brands, as well as Yogev Shelly, the CEO of TinyTap, both hold seats on the EDU Foundation Council, according to recent announcements.
Established in the year 2022, Open Campus serves as a blockchain-focused organization with a mission to unite educators, content creators, parents, and students. In the eleventh month of 2023, the project successfully secured over $3 million in funding from Binance Labs, which is the investment arm of Binance. Previously, Open Campus gained significant support from Binance, featuring on its Launchpad platform for crowdfunding. The token sale garnered a great deal of attention, with approximately 9 million Binance Coin (BNB) being committed by around 120,000 users.
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2024-05-22 14:14