Home Press Release Animoca Brands’ subsidiary TinyTap raises US$8.5 million to disrupt education with Web3

Animoca Brands’ subsidiary TinyTap raises US$8.5 million to disrupt education with Web3

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Tel Aviv, Israel, April 25, 2023, Chainwire

tiny tap, subsidiary of Animoka brand A leading edtech platform for user-generated educational games . The funding will be used to support TinyTap’s business expansion and accelerate its development in the edtech space.

With this investment, TinyTap will build on its successful Web2 platform, which already serves over 9.2 million registered members, to increase the value of teachers by improving the income opportunities available to them, and to their parents and communities. We can continue to expand into alternative Web3 education systems that will allow us to support and assist you. Advertise your preferred educational materials.

TinyTap launched its Web3 strategy in 2022 and successfully ran two publisher NFT auctions, generating 243 ETH (approximately US$352,000 at the time of auction). Publisher NFT is a new concept introduced by TinyTap to empower, reward and incentivize educational content creators and publishers.

Each Publisher NFT represents joint publishing rights to one TinyTap course. This is a curated bundle of educational games created by her 1 teacher in her 1 specific subject on the TinyTap platform. When these NFTs are sold, the proceeds will be shared with the course creators, and the NFT purchasers will assume the role of co-publisher. In return for promoting and marketing relevant courses, purchasers will share in the profits derived from co-publishing efforts.

Since TinyTap Publisher NFTs were auctioned in Q4 2022, the average NFT buyer income from co-publishing efforts has been approximately 8.2% (or 19.7% annualized) of the purchase price of Publisher NFTs. Reached*.

Therefore, the Publisher NFT model can benefit educational content creators, publisher NFT buyers, and TinyTap at the same time. This allows creators to focus on producing quality content while TinyTap and publisher NFT buyers distribute and promote their content.

Misa Matsuzaki owns two publishers, NFTs, and from November 2022 to March 2024 earned approximately $7,823 by co-publishing related courses. She commented: TinyTap did the initial translations and voiceovers myself with the help of her team. We are excited to see how Japan embraces these exciting new possibilities in education! We would love to see more use cases like TinyTap publisher NFTs. This is much more interesting than just having an NFT in your wallet!”

Yogev Shelly, CEO of TinyTap, commented: Combining educational content creators with interested promoters will benefit all parties equitably and take an important step towards the goal of putting the power of learning back in the hands of educators, students and communities. you can step out. “

Animoca Brands Co-Founder and Executive Chairman Yat Siu commented: This is why TinyTap is so excited about his Web3 opportunities that he is exploring in the field of education. TinyTap, who has already successfully built his Web2 education platform, will use NFTs to bolster its efforts, allowing educators to generate better profits from their work and co-publishers who can handle course promotions. enable collaboration. Students have enhanced their learning materials. “

Follow TinyTap twitter Get the latest on future developments or visit Web3 landing page you can know more.

About TinyTap

Founded in 2012, TinyTap, a subsidiary of Animoca Brands, is the world’s largest library of educational games, with over 250,000 activities created. Educators and Publishers include Sesame street and Oxford University PressGames are created using TinyTap’s no-code authoring platform and can be accessed by parents as part of TinyTap’s subscription or sold directly to families as bundles. A portion of subscription revenue is shared with content creators based on user engagement generated by their content. TinyTap is one of the top 10 best-selling children’s apps in the world, providing educational content to families in the United States, Canada, Europe, and the Arab world, specifically targeting young learners (pre-school through 6th grade) and serves 9.2 million registered families. Content created by over 100,000 creators.Click here for details https://www.tinytap.com.

About the Animoka brand

Animoca Brands, Deloitte Tech Fast winner, Fortune Crypto 40 company, and one of the Financial Times High Growth Companies Asia Pacific 2023is a leader in digital entertainment, blockchain and gamification, working to advance digital property rights and contribute to establishing an open metaverse. Original games such as The Sandbox, Phantom Galaxies, Life Beyond, Crazy Kings, and Crazy Defense Heroes, as well as multiple subsidiaries including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. sandbox, blowfish studios, Quid, game, nWay, pick owl, Forge, Limpo, Animoka Brands Japan, grease monkey game, game of eden, Life Beyond Studios, notre game, tiny tap, become media, Pixelinxand WePlay MediaAnimoca Brands expands its portfolio of over 380 Web3 investments including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas and more. For more information, see: www.animocabrands.com or continue twitter again Facebook.

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