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COINOTAG News reports, citing official sources, that on October 20 the Open Campus project disclosed a $5 million strategic financing round. The round is led by a who’s who of Web3 investors, including Animoca Brands, YZi Labs, Sequoia, Shima Capital, Polygon, Caladan, Kingsway Capital, and GameFi Ventures. The injection underscores strong strategic alignment for expanding the Web3 education ecosystem and validating the governance and tokenomics trajectory of Open Campus.
The Open Campus Foundation will deploy the proceeds to reinforce price support for the EDU token via open-market purchases and to back the Pencil Finance protocol for on-chain student loans, aligning liquidity strategy with token utility and credit access for learners.
Additionally, the funding will accelerate the deployment of the Open Campus Identity System, OC Wallet, and the EDU mainnet, advancing the project’s digital identity, wallet infrastructure, and mainnet readiness within the evolving Web3 education stack.
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