Empowering Education: The Open Campus Protocol's Blockchain Revolution for a Fairer Future
Mission
The Open Campus Protocol stands as a decentralized solution catering to educators, content creators, parents, students, and co-publishers, addressing the prevalent challenges in today's education landscape. Despite the pivotal role of educators, they often find themselves undervalued and undercompensated. Parents, too, struggle with limited control over their children's educational content.
At its essence, the Open Campus Protocol is a community-driven initiative utilizing blockchain technology to establish a more equitable education system. By decentralizing the creation and distribution of educational content, it grants students access to a broader range of materials while providing educators opportunities for increased revenue and recognition. The ultimate aim is to revolutionize the $5 trillion education industry by restoring control to educators and learners.
The protocol operates through the $EDU token, a fungible token powering the Open Campus Protocol. This token facilitates innovative collaboration, incentivizes high-quality content creation, and fosters the protocol's long-term growth. Designed with educators and learners in mind, the Open Campus Protocol seeks to cultivate a flourishing and inclusive ecosystem through the $EDU token.
Vision
The Open Campus Protocol envisions creating a vibrant and collaborative ecosystem that brings together educators, learners, publishers, and co-publishers. Leveraging the expertise of distinguished launch partners in education and web3, the protocol emphasizes fostering synergy among community members. This collaboration empowers them to generate, develop, and share valuable educational content that caters to diverse learner needs, fostering sustained growth and evolution within the ecosystem. In this environment, innovation, creativity, and knowledge-sharing are celebrated and nurtured, paving the way for a brighter future in education.
Web3 Model
The Open Campus Protocol leverages blockchain technology to transform the traditional education system. By enabling direct community support for educational content through NFTs, the protocol rewards quality and innovation, challenging the existing educational norms. Tokenizing education content democratizes access and funding sources, allowing teachers to sell co-publishing rights. Decentralization promotes independence, creating, curating, and consuming educational content tailored to individual preferences.
Blockchain ensures permanent and transparent learning records, making certificates easily verifiable. The platform-agnostic and user-owned nature of blockchain-based assets fosters partnerships with various platforms, enabling content sharing across a range of channels while ensuring users retain ownership.
Digital Property Rights - Publisher NFTs
The Open Campus Protocol advocates for digital property rights through Publisher NFTs, empowering content creators to maintain ownership of their intellectual property. Each Publisher NFT grants the owner the right to market, promote, and earn a portion of revenue generated by their content. The Publisher NFT Marketplace allows creators to sell these rights to co-publishers, who, in turn, receive a share of the revenue.
Crowd-Sourced Curricula
To transition web2 users to web3, the platform enables content creators to launch educational curricula by offering co-publishing rights through Publisher NFTs. Partners, content creators, and co-publishers collaborate to promote the content, earning revenue based on their contributions.
$EDU Token
The $EDU token serves as the backbone of the Open Campus Protocol, operating as a BEP-20 token on the BNB Chain with a fixed supply of 1 billion tokens.
$EDU Token Utility
The $EDU token is currently used for rewarding content creators and co-publishers, minting educational content as NFTs, accessing partner educational platforms, and voting rights within EDU governance. Future potential use cases include buying and selling on the Open Campus Protocol marketplace, grants and scholarships via Smart Donations, and a decentralized peer-review system. Future educational partners adopting the protocol can be proposed and approved through the governance process.
Figure: 1.3: $EDU token utility
Ecosystem Diagrams
The Open Campus Protocol overview involves content creation, review, minting, selling of Publisher NFTs, promotion by co-publishers, course purchase by learners, and revenue-sharing among co-publishers, content creators, the education platform, and the EDU Foundation treasury.
Diagram 1.5: Open Campus Protocol overview
Steps:
1.Content creators or creator collectives generate educational content
2.Content creator pays $EDU tokens to have their content reviewed.
3.Once the peer reviewers approve the content, the content creator can pay to mint their content into a Publisher NFT.
4.The creators can then sell Publisher NFTs on the marketplace to receive the proceeds minus the marketplace fees (which go to the EDU foundation treasury). These Publisher NFTs are bought by the buyers (or co-publishers).
5.Co-publishers are (solely) responsible for promoting the content.
6.Learners can sign up for the platform, purchase courses, and receive certification once they complete the course.
7.Co-publishers, content creators, the education platform, and the EDU Foundation treasury share the revenue from Publisher NFTs.