Crypto News

Animoca Brands Acquires Educational Start-Up

Hong Kong-based Animoca Brands has acquired TinyTap, a platform that allows users to create their own games without any coding experience. Animoca purchased 84.13% of TinyTap for $38.9 million, and says it plans to leverage its new acquisition to establish a platform for blockchain-based educational user-generated content.

“We empower educators to create engaging learning activities that can reach millions of children directly and that enable them to earn based on the success of their creations,” said Yogev Shelly, CEO of TinyTap. “By becoming a part of Animoca Brands, we will leverage blockchain to advance this vision and build a new education system that is independent of schools and governments, and that is owned and led by educators themselves.”

Animoca Brands is aiming for an interactive platform that allows educators to design tools and content with ownership rights enforced through blockchain-based tokens and rewards given out based on the “educational impact that they generate.”

The company is also considering issuing certificates, qualifications, and diplomas as crypto tokens, although that is still up in the air.

(All information was provided by Yahoo! Life)

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