Open Campus has secured a $5 million investment, with participation from YZi Labs and others.

BlockBeats News, October 20th, according to official sources, Web3 education protocol Open Campus announced the completion of a $5 million strategic financing round. This round of financing was led by Animoca Brands, YZi Labs, Sequoia, Shima Capital, Polygon, Caladan, Kingsway Capital, and GameFi Ventures. The Open Campus Foundation will use this funding to:

· Conduct open market purchases of the EDU token to strengthen key price support levels;

· Support on-chain student loan business through the Pencil Finance protocol;

· Accelerate the deployment process of the Open Campus Identity System, OC Wallet, and the EDU mainnet.