The native altcoin of a decentralized education platform has experienced a remarkable surge of over 117% this week, a significant development that has been spurred by the news of a web3 firm's intention to acquire the token.

Open Campus' governance and utility asset, EDU, is currently trading at $1.10, a significant increase from its seven-day low of $0.505. This 252nd-ranked crypto asset has shown a promising surge of more than 12% in the past 24 hours, indicating a potential for further growth.

What is Open Campus?

According to the project's whitepaper, Open Campus aims to foster an ecosystem that "connects learners, educators, content creators, and educational institutions." The EDU Chain is the "first layer-3 blockchain built for education."

Animoca Brands' Involvement

The recent surge in the price of EDU can be directly attributed to the strategic move by Animoca Brands, a prominent web3 and blockchain gaming firm. Their announcement to acquire more EDU tokens from the open market has significantly influenced the market dynamics.

"Animoca Brands firmly supports the work of Open Campus and the EDU Foundation, including in particular the upcoming EDU Chain, the first layer-3 (L3) blockchain specifically designed to serve the global education industry, which is estimated to grow to $8 trillion in value by 2030," explains Animoca.

Upcoming Sales and Future Prospects

Open Campus has unveiled an exciting opportunity for investors with the announcement of the upcoming sale of principal nodes for the EDU Chain.

These nodes offer a unique chance to earn rewards by validating transactions on the EDU Chain, potentially providing a significant return on investment. The exact dates for the sales will be disclosed next month, according to the project.

Despite its price gains this week, according to CoinGecko, EDU remains more than 34% down from its all-time high of $1.67, which it hit in April 2023.