Academic Labs, a Singapore-based innovator within the educational technology sector, received an investment from HTX Ventures.
The amount of the deal was not disclosed.
The company intends to use the funds to enhance its development efforts.
Founded by Kingston Kwek and led by Terry Tan, CEO, Academic Labs provides a platform for learning applied skills for personal growth and professional development. It is leveraging Adaptive AI to gamify practical learning by forging strategic partnerships within the technology and educational realms. It focuses on critical skills such as software development, trading strategies, business English, and startup foundations.
Academic Labs is also introducing a trio of pivotal Non-Fungible Tokens (NFTs): Learner NFT, Achievement NFT, and Educator NFT. The Learner NFT signifies access to educational content, encouraging a transparent, value-based pricing structure. As learners engage with the material, the Learner NFTs are burned; in their stead, Achievement NFTs are minted. This process ensures the authentication of educational achievements and deters fraud while incentivizing learners with rewards in the platform’s native token, $AAX. Additionally, the Educator NFT fractionalizes the content educators provide, allowing for investment and fostering an environment where high-quality content is perpetually produced.
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