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Genius NFT - Web3 in education

Revolutionising education with NFT

Creator:lamzihao98

US$ 118,010

Pledged out of $103,000USD

Backers

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Campaign Deadline: Fri Feb 23 2024

Our Story & Strategy

The story and background of your project

In today's digital age, education is evolving at a rapid pace. However, educational content on online media streaming websites are not monetised in a fair way. Content creators pour in efforts building great educational content, with a goal to give back to society. However, content creators goodwill to continue building these content are not sustainable. This is where EduNFT comes in. NFT empowers content creators to value their content, and as views & user traffic grows, the valuation grows along. We aim to build a media streaming & marketplace platform to bring a new way of education.

Another problem we saw was the authenticity issue for exam certifications. There is not a simple way to validate exam certifications. The uniqueness of non-fungible tokens make these certificates easily verifiable, as these tokens are stored on an immutable blockchain.

How does your business model help sustain your project?

At EduNFT, our business model is designed to help sustain our project in the long run. By leveraging NFTs, we provide content creators with a means to monetize their educational content directly. As the popularity and demand for their content increase, the value of their NFTs appreciates, creating a sustainable revenue stream. Additionally, we plan to generate revenue through transaction fees on our marketplace platform, where users can buy, sell, and trade educational NFTs. These revenue streams, combined with strategic partnerships and collaborations, ensure the long-term sustainability of our project.

Target Audience

Our target audience includes learners of all ages, educators, and enthusiasts seeking high-quality educational content. We aim to cater to both formal and informal learners, bridging the gap between traditional and digital education. Our platform offers a diverse range of educational content, allowing users to explore various subjects, skills, and interests. By providing a seamless user experience and valuable educational resources, we aim to attract a wide audience passionate about continuous learning and personal growth.

What is the specialty of your project?

he specialty of our project lies in the fusion of NFT technology and educational media streaming. We provide a platform where content creators can mint their educational content as NFTs, allowing them to retain ownership and value over their creations. This unique approach not only incentivizes content creators to continue producing high-quality educational content but also enables learners to access valuable and authentic educational resources. Additionally, our marketplace allows users to discover and collect educational NFTs, fostering a sense of ownership and engagement in the learning process.

What are the environmental, social and governance (ESG) aspects of your project?

At EduNFT, we are committed to incorporating Environmental, Social, and Governance (ESG) elements into our project. We prioritize environmental sustainability by utilizing energy-efficient blockchain technologies and exploring carbon offset initiatives. Socially, we aim to promote equal access to education by partnering with educational organizations in underserved communities and offering scholarships or discounted NFTs to those in need. In terms of governance, we prioritize transparency, accountability, and ethical practices, ensuring that our platform operates with integrity and fairness.

Competitor Analysis

In the rapidly growing NFT and educational technology space, there are a few competitors who have started exploring the intersection of NFTs and education. However, most of them focus on art-based NFTs or gamification of learning. EduNFT differentiates itself by solely focusing on educational content and experiences. By providing a dedicated platform for educational NFTs and a media streaming service, we offer a comprehensive solution that caters specifically to learners and content creators in the education space. Our emphasis on authenticity and value-driven educational resources sets us apart from the competition.

Six Month Project Plan

Our six-month project plan includes the following key milestones:

1. Develop and launch the EduNFT media streaming and marketplace platform, ensuring a user-friendly interface and seamless integration of NFT technology.

2. Onboard a diverse range of content creators, enabling them to mint and list their educational content as NFTs on the platform.

3. Establish partnerships with educational institutions and organizations to bring exclusive educational content and certifications to the platform.

4. Implement a robust verification system for exam certifications using NFTs, ensuring authenticity and immutability.

5. Conduct marketing campaigns to raise awareness about EduNFT and attract both content creators and learners to the platform.

6. Continuously improve the platform based on user feedback, adding features such as community engagement, personalized learning recommendations, and social sharing functionalities.

Cost Projection

Based on our projections, the estimated cost of developing and launching the EduNFT platform, including technology infrastructure, talent acquisition, marketing, and initial content partnerships, is approximately $85000 USD.

First Fund Amount (USD)

40000

Second Fund Amount (USD)

33000

Third Fund Amount (USD)

30000