BitDegree Raises 1M USD in Funding

BitDegree, the Vilnius, Lithuania-based maker of an education-oriented metaverse – the Learnoverse – raised over 1M USD in funding.

A Japanese / Singaporean venture investor Mistletoe made the investment. Mistletoe is a venture ecosystem builder and investor founded by Taizo Son, a serial entrepreneur and a billionaire investor based in Japan. Mistletoe has a strong focus on investments in solving global challenges, including learning and education. Since its establishment in 2013, Mistletoe has already supported 200+ startups and VCs.

Led by Danielius Stasiulis, Co-founder and CEO, BitDegree is a blockchain-powered online education platform with over 1 million users. With the launch of the Learnoverse, the company aims to create an engaging way of learning about blockchain, crypto, and Web3-related topics within the metaverse.

The Learnoverse will gamify the learning content and the experience by providing a virtual world made just for Web3 learning, where learners, instructors, and brands can interact and express their knowledge and status through NFTs. Moreover, a new concept in education, Learn & Earn, will be used to reward the learning effort and motivate students to complete courses.

FinSMEs

06/06/2022