HTX Ventures Invests in Academic Labs to Enhance Educational Experiences
Singapore
|
December 20, 2023 01:53 PM Eastern Standard Time
Singapore, December 20, 2023 — HTX Ventures, the global investment division of the cryptocurrency exchange HTX, announces its investment in Academic Labs, a platform that utilizes AI and Web3 technology to improve the educational experience. This investment will help Academic Labs onboard new users to Web3 and incentivize native users to engage in education through its native token and NFT systems.
Academic Labs is an innovative online education platform built on cutting-edge Web 3.0 technology. Its mission is to revolutionize the way people learn and provide a transparent and equitable learning environment that addresses the education gap and empowers learners with greater access to top-quality educational resources. Academic Labs teaches vital skills like software development, trading strategies, business English, and startup foundations, and employs Adaptive AI to gamify practical learning. The platform is forging strategic partnerships in technology and education to refine the learning process, going beyond traditional testing methods to offer a more immersive and effective study experience.
Edward Chen, Managing Partner of HTX Ventures, said, “Academic Labs has transformed the educational sector through the incorporation of Web3 and AI technology. HTX Ventures is committed to invest in projects that facilitate the widespread adoption of Web3. The importance of crypto education cannot be overstated, and the educational industry holds great potential for onboarding large volumes of new users to Web 3.”
Terry Tan, CEO of Academic Labs, expressed his gratitude for the support from HTX Ventures. “The backing from HTX Ventures is a clear endorsement of the foresight and innovation inherent in the Academic Labs project,” he remarked. “We are honored to receive recognition from a Web3 powerhouse and are excited for the upcoming debut of our education platform.”
Academic Labs aims to address significant challenges in the education sector, including the lack of motivation for producing and engaging with quality educational content, the issue of academic fraud in traditional Web2 education systems, and inefficiencies in acquiring and applying practical knowledge and skills. To tackle these issues, Academic Labs is rolling out three innovative Non-Fungible Tokens (NFTs): Learner NFT, Achievement NFT, and Educator NFT.
The Learner NFT grants access to educational content and adopts a transparent, value-based pricing structure. As learners progress, these NFTs are converted into Achievement NFTs, authenticating educational achievements and offering rewards in the platform's native token, $AAX. The Educator NFT, meanwhile, enables fractional investment in educators' content, encouraging the creation of high-quality material.
The upcoming product launch of Academic Labs will reveal the innovative features of this cutting-edge educational platform to a worldwide audience, with exciting events on the horizon.
About Academic Labs:
Academic Labs is an innovative online education platform built on cutting-edge Web 3.0 technology. Its mission is to revolutionize the way people learn and teach by delivering a more open and secure learning experience powered by AI. Leveraging the decentralized nature of Web 3.0 technology and the intelligence and flexibility of AI, Academic Labs fosters gamified learning for success and creates a transparent and equitable learning environment that addresses the education gap and empowers learners with greater access to top-quality educational resources.
About HTX Ventures:
HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.
HTX Ventures currently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca.
Company Website
https://www.htx.com/en-us/ventures
Contact Details
Michael Wang
