Animoca Brands Subsidiary TinyTap Gets New Boost to Decentralize Education
TinyTap, an educational technology platform and a subsidiary of Animoca Brands has received an $8.5 million boost to bring more gamified education contents to the users. As announced by the parent company, TinyTap scored support from top investors in the space including Sequoia China, Liberty City Ventures, Kingsway Capital, Shima Capital, Polygon, and GameFi Ventures among others.
The rate of funding in the Web3.0 ecosystem has slowed in recent times as the fall of FTX and other mainstream crypto entities generally dampened investor’s sentiments. The embrace of TinyTap by these high profile investors is a testament to its revolutionary technology to use the ethos of Web3.0 to educate users across the board.
The TinyTap Concept
TinyTap employs a model whereby different publishers can create innovative games to educate the platform’s users. Since its inception in 2012, the startup has on boarded top brands including Sesame Street and Oxford University Press. At the moment, TinyTap boasts of more than 100,000 creators, all serving as many as 9.2 million families.
The startup will utilize the newly raised funding to support its business expansion while also accelerating the growth of the EdTech space.
Since acquiring TinyTap in 2022, the education platform has launched its Web3.0 platform where it introduced the concept of Publisher NFTs. This innovation permits content creators to revenue in a rather sustainable way.
“Our Publisher NFTs genesis auctions demonstrated that the Web3 community is well suited and willing to support educators and educational content via this new powerful and equitable incentive system,” Yogev Shelly, CEO of TinyTap said in a statement, “By pairing educational content creators with interested promoters, we are able to benefit all parties fairly and take a significant step in our goal to put the power of learning back in the hands of educators, students, and the community.”
Animoca Brands is Supporting Diverse Innovations
Many believe that the eventual growth and adoption of the Web3.0 ecosystem as well as its attendant innovation will only come when there is a channel for the Real World application of the technologies.
This is what Animoca Brands is known for as it has a rich history of raising funds to support all of the crucial aspects of blockchain including the metaverse, Non-Fungible Tokens (NFTs) and gaming amongst others.
- Fed’s Lorie Logan Urges Caution on Further Rate Cuts Citing Inflation Risks
- Nasdaq-Listed Fitell Adds Pump.fun’s PUMP To Supplement Solana Treasury
- FG Nexus to Tokenize Stock on Ethereum as SEC Weighs 24/7 Onchain Stock Trading
- Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000
- Breaking: CME to Launch 24/7 Crypto Futures Trading Amid Rising Institutional Demand
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
