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New Education Marketplace Development Funded by Crypto Coins
Campus Technology: Crypto currency is funding development of ODEM, an "on-demand" education marketplace with aspirations of replacing or supplementing a college education. ODEM, which deals in digital tokens on several crypto-currency trading platforms, recently announced completion of its "crowdsale," selling more than 100 million ODEM tokens, equivalent to about $9.6 million at the current trading rate.
The company said the proceeds will be used to fund ongoing development of a blockchain-based service that brings students, instructors and other professionals together online to buy and sell education. According to a site FAQ, instructors who develop curricula will be able to earn royalties for the future use of their materials; students will be able to create and resell their own course programs to do the same. The potential formats of courses hasn't been shared yet.
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