Animoca Brands to purchase additional EDU tokens from open market

Animoca Brands today has disclosed that it intends to acquire additional EDU tokens from the open market. EDU is the governance and utility token used by Open Campus, which is the world’s first Web3 education protocol and is backed by Binance Labs, Sequoia China, Animoca Brands, and others.

Animoca Brands firmly supports the work of Open Campus and the EDU Foundation, including in particular the upcoming EDU Chain, the first Layer 3 (L3) blockchain specifically designed to serve the global education industry, which is estimated to grow to US$8 trillion in value by 2030 (please refer to Morgan Stanley, June 2023).

Animoca Brands and its subsidiary TinyTap are launch partners of Open Campus, together with other companies; Yat Siu, the executive chairman and co-founder of Animoca Brands, and Yogev Shelly, the CEO of TinyTap, are members of the EDU Foundation Council.

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