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The Decision Behind the Creation of Open Campus Foundation

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On April 26, it was reported that Alan Lau, chief commercial officer of Animoca, said in a speech on Twitter Space that Open Campus did not issue coins in the name of TinyTap becau

The Decision Behind the Creation of Open Campus Foundation

On April 26, it was reported that Alan Lau, chief commercial officer of Animoca, said in a speech on Twitter Space that Open Campus did not issue coins in the name of TinyTap because the project wanted to cover all age education services, not just children’s education, so it chose to establish a new Foundation.

Animoca chief commercial officer: Open Campus did not issue coins in the name of TinyTap, hoping to appear as an all age education service

Introduction

On April 26, 2021, it was reported that Alan Lau, the chief commercial officer of Animoca, announced the creation of the Open Campus Foundation during a speech on Twitter Space. The Foundation is intended to support the growth and development of decentralized educational projects. However, what led to the decision to establish a new Foundation? This article delves into the reasons behind the decision of Open Campus to establish a new Foundation.

Background

TinyTap is a platform that provides educational games and activities for children. It is one of the most successful products of the Israeli startup company dedicated to the creation of high-quality educational content for children. In 2019, Animoca Brands acquired a 24.7% stake in TinyTap. The relationship between Animoca and TinyTap became stronger over the years, leading to the creation of an ecosystem of educational apps known as Open Campus.

The Decision to Establish a Foundation

During his speech, Alan Lau spoke about how the Open Campus ecosystem did not issue coins in the name of TinyTap despite the close relationship between the two companies. Instead, the decision was made to establish a new Foundation to support the broader goals of Open Campus, which include covering all age educational services, not just children’s education.
The establishment of the Open Campus Foundation makes it possible to extend the Open Campus ecosystem beyond TinyTap to include other decentralized educational projects. This decision reinforces the commitment of Open Campus to the development of decentralized educational solutions that leverage the benefits of blockchain technology.

The Benefits of the Open Campus Foundation

The Open Campus Foundation presents numerous benefits, both for companies involved in the creation of educational solutions and the students who will use them. The Foundation will create a network of companies and people who are dedicated to decentralized education, facilitating the exchange of knowledge and skills relevant to the field. Moreover, the Foundation’s decentralized nature means that it can be accessed by anyone, anywhere, at any time without any restrictions.
The Open Campus Foundation will also serve as a platform for funding decentralized educational projects. The Foundation is open to supporting and collaborating with entities that want to develop new educational solutions. The Foundation provides a safe and transparent way of funding these projects without the need to pay hefty fees to intermediaries.

Conclusion

The decision to establish a new Foundation to support the goals of Open Campus reinforces the commitment of Animoca and TinyTap to decentralized education. The Open Campus Foundation presents numerous benefits for stakeholders in the field of decentralized education, including an open network for knowledge exchange and a platform for funding new educational solutions. The Foundation will play a key role in the development of the Open Campus ecosystem and in increasing awareness of the benefits of decentralized education.

FAQs

1. What is TinyTap’s relationship with Animoca?
– Animoca acquired a 24.7% stake in TinyTap in 2019.
2. What is the Open Campus ecosystem?
– Open Campus is an ecosystem of educational apps led by Animoca Brands and TinyTap.
3. What are the benefits of the Open Campus Foundation?
– The Open Campus Foundation creates an open network for knowledge exchange and provides a platform for funding new educational solutions. It is accessible to anyone, anywhere, at any time without any restrictions.

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