KIP Protocol Secures $10 Million to Transform Global Education with AI and Web3
August 7th, 2024 4:00 PM
By: Newsworthy Staff
KIP Protocol's OCP-12 DAO proposal has been unanimously approved, allocating $10 million to revolutionize education for 250 million students worldwide through AI and Web3 technologies in partnership with Open Campus.
In a significant development for the education sector, KIP Protocol, a Web3 base layer for AI, has received unanimous approval for its OCP-12 DAO proposal, securing $10 million to reshape global education through AI and Web3 technologies. This initiative, in collaboration with Open Campus, aims to impact over 250 million students across 23,000 universities worldwide, marking a potential paradigm shift in how education is delivered and accessed.
The approved proposal outlines ambitious goals for the next 18-24 months, including onboarding 400 professors, offering 900 curated courses, and attracting 1 million new Open Campus learners. This expansion is set to significantly broaden the Open Campus ecosystem's reach into tertiary education and academic research.
At the core of this initiative is Open Campus U (OCU), a cutting-edge learning platform built on the EDU Chain. Powered by KIP Protocol's pioneering Decentralized Retrieval-Augmented Generation (D/RAG) technology, OCU aims to secure and monetize educational content with unprecedented efficiency. Envisioned as a next-generation Massive Open Online Course (MOOC) platform, OCU harnesses AI capabilities to offer chatbot tutors, AI-powered apps, and decentralized KnowledgeKeys, creating an adaptive learning environment that personalizes feedback, provides intelligent tutoring, and automates grading.
KIP Protocol brings a strong track record to this venture, having consistently delivered cutting-edge AI solutions since 2019. The company's team of AI PhDs and seasoned tech entrepreneurs has served prestigious clients including the World Bank, Visa, TedX, Richemont, and Singapore Tourism Board. Their experience in the education sector, developed through partnerships with institutions like the National University of Singapore, King's College London, and Seoul National University, positions them uniquely to lead this transformation.
The initiative emphasizes transparency, verifiability, and content ownership through blockchain technology. This opens new avenues for educators to monetize their expertise while ensuring students receive high-quality, personalized education. From pay-per-query models to subscription plans and decentralized KnowledgeKeys, KIP Protocol offers diverse revenue channels for educators and developers alike.
Julian Peh, Co-Founder and CEO of KIP Protocol, stated, "The unanimous approval of our OCP-12 DAO proposal marks a significant milestone for KIP Protocol and the future of education. This $10 million initiative, in collaboration with Web3's leading educational platform Open Campus, enables us to extend decentralized AI solutions to over 250 million students globally."
Will Fan, Partner at Open Campus, expressed optimism about the project: "This ambitious initiative will drive our mission to democratize education through blockchain. With Open Campus U (OCU), powered by KIP's pioneering AI solutions, we're unlocking decentralized AI on the EDU Chain and reshaping online learning."
As KIP Protocol and Open Campus embark on this groundbreaking initiative, the integration of AI and blockchain promises to revolutionize education. By dismantling traditional barriers and creating a decentralized, innovative, and equitable ecosystem, this project aims to provide high-quality, personalized education and empower educators to monetize their expertise, potentially setting the stage for a fairer and more successful educational future for millions of students globally.
For more information about KIP Protocol and its initiatives, interested parties can visit www.kip.pro or follow them on X @KIPprotocol. To learn more about Open Campus and its decentralized education ecosystem, visit https://www.opencampus.xyz/.
Source Statement
This news article relied primarily on a press release disributed by BlockchainWire. You can read the source press release here,
