Animoca Brands' edtech company TinyTap recently raised $8.5 million in a combination of equity and token. The funding was led by Sequoia China, Polygon, Liberty City Ventures, Kingsway Capital, and Shima Capital. The company's acquisition by Animoca Brands last June brought its total value up to $100 million.

TinyTap began in 2012 in Israel, offering a library of 250,000 educational games in 24 languages made by teachers and publishers. It is currently one of the top 10 grossing kids apps worldwide, with 9.2 million registered users and content created by over 100,000 creators. Its educational content focuses on those from pre-K to grade 6.

TinyTap's CEO, Yogev Shelly, believes that web3 can "disrupt education" by offering solutions that make sure content creators get fair compensation. TinyTap has already begun to tokenize educational content with the launch of "Publisher NFTs," which grant publishers the right to promote and earn from the content they create. Two sets of such NFTs have been sold, effectively garnering $352,000 at the time of auction.

The company is also introducing new initiatives such as a token-based scholarship that will unlock a PublisherNFT when a course is completed and custodial wallets for students to store tokens, claim on-chain credentials, and access PublisherNFT content.

Recently, TinyTap has joined Open Campus, a community-led web3 education protocol. The platform is designed to allow teachers and creators to monetize their content through the EDU token available on Binance Launchpad.

TinyTap's new initiatives, with investors from across the world, could lead to the realization of their vision to revolutionize the education system. Many are hopeful that it will create a fairer system that allows creators to monetize their hard work. Through their tokenized protocols, web3 solutions, and educational offerings, the company looks to shape the future of revolutionary learning.



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