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Spitball brings the blockchain to decentralise elearning

Student marketplace Spitball has launched a token-based “blockchain economy” that aims to switch up the e-learning industry and create a decentralised landscape for students.

“Spitball 2.0” will protect the ownership of content creation, but “maintain strict privacy and lower costs while increasing earnings for students”.  By leveraging the existing Spitball platform, plus over 25 partnerships with leading education providers, such as CourseHero and Chegg, Spitball 2.0 “will become a game changer” for the edtech industry.

Currently, students receive only a small percentage of the revenues from their content that online resource platforms utilise. Spitball 2.0 uses the blockchain to connect students directly, lowering costs while giving student content creators fair reward. This creates a winning economy that delivers more value for students.

Spitball 2.0 aims to fairly compensate students for being the driving force behind an e-learning industry estimated to be worth $244.1 billion by 2022.

Eidan Apelbaum, Founder and CEO of Spitball, commented: “Tomorrow’s world depends on today’s students. Despite excellent education on offer and an array of online platforms to support them, students are effectively treated like cash cows. Spitball 2.0 aims to change that and fairly reward them for taking part in student life – learning together, teaching each other and sharing data.

“We believe that cryptocurrencies have a significant place in our future world and Spitball 2.0 will allow students to enter this world easily, setting them up to take advantage of a lifelong capability within this rapidly expanding industry. The tokenized environment is vital as it puts money in the pockets of students, whilst allowing them to build trust amongst their peers.”

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