Open Campus Launches $10M Web3 Educators Fund With First Live DAO Vote

The voting period for a historic community vote to provide a $10 million educational fund for web3 is about to end. It will be the first time a DAO has been utilized to allocate funds to producers of educational content. A proposal for the $10 million global educator fund is now live via the first-ever education DAO.

Key sponsors including TinyTap, Animoca Brands, GEMS Education, Liberty City Ventures, and many more joined Open Campus in launching the $10 million Global Educators Fund (the “Fund”) in May 2023. The funding of individual teachers and content producers to create educational material using a decentralized methodology is being attempted for the first time in history.

The pioneer in web3 games and the metaverse, Animoca Brands, said on May 15 that it had contributed funds to the Global Educators Fund, which was set up by Open Campus Protocol to help education by introducing web3-based solutions.

The Fund intends to encourage areas of study that supplement the standard curriculum (such as emotional intelligence, life skills, etc.) but may not have historically received enough money from the school or government. The courses will be tokenized and marketed as Publisher NFTs, which will be minted in EDU. Moreover, the funds split with the author, co-publisher, partner, and DAO will also be denominated in EDU.

The community voted on the first round of Global Educators Fund proposals on June 15 to determine how the organization, which is backed by partners like TinyTap and Animoca Brands, will distribute the first round of funding from the $10M pool.

Educational material employing a range of multimedia has been proposed by educators from all over the globe. The first set of ten contributions was discussed and voted on by the DAO on June 15. More than 300 concepts were submitted for the community’s review, and the DAO got the opportunity to vote on each one that qualifies. The Global Educators Fund’s inaugural winners will be made known following the voting on June 22.

The courses proposed are:

• 1. English language for pre-k students
• 2. Gearing Up For Reading
• 3. Teaching Dyslexic students
• 4. STEAM Unit for Teaching Time Concepts
• 5. A Loving Hug
• 6. Reading and Writing Enhancement
• 7. SEL – Circle of Friends
• 8. Solar Energy Immersion for students
• 9. SCORA-Sexual and Reproductive Health and Rights including HIV and AIDS
• 10. Foundations of Mathematics

To motivate educators and encourage the production of top-notch instructional materials, the Global Educators Fund was established. Creators of courses maintain their digital property rights, assuring that all educators control their creative property and that they will be paid for it with grant funds.

The Global Educators Fund’s grant beneficiaries will be chosen for the first time after the voting on June 22 for the ambitious web3 educational project. Based on the Ideation Guidelines and the Global Educator Fund selection criteria provided on the website, the DAO Administrator has chosen the first batch of 10 submissions. The Open Campus DAO may now decide whether to support the first 10 proposals for the courses.

Please be aware that applications for the Fund are reviewed on a rolling basis. Only a tiny portion of the total number of applications that will ultimately be supported by the Fund is represented by the first batch of submissions included in this proposal. Applicants will eventually hear from the DAO Administrator again, either with a request for further material to support the first proposal or a denial.

One may find more information about the Fund, including its objective, criteria for selection, and the application procedure, at https://www.opencampus.xyz/fund 6.