Academic Labs, an EdTech project that leverages Web3 technology to empower students and content creators, recently completed its first fundraising round, raising an impressive $3.2 million. The round was led by HTX Ventures and several prestigious institutions.
The project has also unveiled partnerships with over 20 leading Web3 projects and institutions, granting Academic Labs access to a combined community of more than 2 million users. Academic Labs’ successful funding marks a new chapter in the company’s history, suggesting more significant ecosystem expansion and ongoing development of its platform and products. The team has announced that information about new products, token airdrops, and token listings will be released in the coming weeks. Academic Labs is an EduFi project that aims to increase the efficiency of value exchange in online education.
Kingston Kwek, Founder and CVO of Academic Labs, said:
We’re determined to overcome the challenges of high platform fees, lack of incentives for learning and teaching, and insufficient involvement of learner communities in shaping the platforms. By harnessing the power of Web3 technology, we’re not just solving these problems; we’re creating a new paradigm for education—one that is truly decentralized, community-driven, and accessible to all.
Academic Labs introduces Web3 technology to address these challenges and return platform ownership to learners and educators. By allowing users to take part in the platform, Academic Labs achieves a community-driven approach in deciding the content and functions to be launched, thereby maximizing the efficiency of knowledge sharing. The platform operates without fees, empowering users to decide what knowledge they want to acquire truly.
Academic Labs uses tokenomics to make learning affordable, aligning with the UN’s goal of quality education. Its Gamification and SocialFi features have boosted user growth fivefold this year, making learning fun and engaging. Beyond online, Academic Labs has partnered with universities in Hong Kong, the Philippines, and Vietnam and launched courses with Cornell Blockchain, integrating blockchain education globally.
The collaborative effort between Academic Labs and the Solana chain extends beyond culture to their underlying driving forces. Academic Labs recently launched many livestreams and classes on cryptocurrency trading, relying on Solana’s robust ecosystem in this field. The team believes that the trade story on Solana is a fantastic method to convert Web2 users to Web3, which is consistent with their ideals.
As the first EduFi project on Solana, Academic Labs is well-positioned for its upcoming listing. The project has achieved significant milestones, including 100,000 registered users, a 250,000-strong community, and 5,000 Daily Active Users (DAU). These achievements demonstrate the growing demand for Web3-powered educational solutions and the potential for Academic Labs to make a lasting impact in the space.
Terry Tan, the CEO of Academic Labs, added:
Our vision for the future is to empower everyone’s lifelong learning journey seamlessly. Understanding users’ backgrounds will be essential for all developers in the digital era, with education and skill-related data being the most significant components. Academic Labs aims to be the platform where individuals own and control their education data via decentralized identities, unlocking new possibilities for personalized learning and career growth.
With the successful completion of its first fundraising round and the establishment of key partnerships, Academic Labs is poised for rapid growth and expansion. The team is currently focusing on several key initiatives to enhance the platform further and deliver more excellent value to its users. In the coming weeks, the company will distribute its first round of token airdrops, rewarding early adopters and active community members for their support. The project will also move forward with its highly-anticipated token listing, allowing more investors to participate in the Academic Labs ecosystem.
