TinyTap Secures $8.5 Million Funding to Revolutionize Education with Web3

    TinyTap, an EdTech company that provides an alternative Web3 education system, has raised $8.5 million in funding to support its business expansion and development in the education technology industry. TinyTap aims to expand its successful Web2 platform, which currently has over 9.2 million registered members, by leveraging its Web3 strategy.

    In 2022, TinyTap revealed its Web3 strategy through two successful auctions of Publisher NFTs that raised 243 ETH or approximately $352,000 during the auction periods. The Publisher NFTs represent a new concept that improves educational content and rewards creators and publishers with incentives. The revenue generated from the sale of these NFTs is shared with the course creators, while the buyers become co-publishers. The co-publishers receive income from promoting and marketing the courses associated with the NFTs.

    Data shows that since Q4 of 2022, the average income generated by NFT buyers from co-publishing efforts was around 8.2% or 19.7% annualized of the purchase price of the Publisher NFTs.

    With the recent investment, TinyTap aims to provide teachers with enhanced earning opportunities and connect them with co-publishers to promote their courses. By empowering parents and communities to promote the best educational materials, TinyTap’s new approach values teachers more and allows them to earn more.

    TinyTap is taking significant steps to revolutionize the education sector through its Web3 approach. With the recent funding, the company is expected to accelerate its efforts and establish itself as a key player in the EdTech industry.

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