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Crypto varsity platform Chain University has reportedly closed a $6.5 million seed funding round to expand its Web3 education offerings.

According to a report by TokenInsight, the funding was led by BlockArmor and Code Partners, with participation from HashKey Capital, BNB Chain, AnChain and others.

The varsity platform, which was launched in 2021 by crypto derivatives exchange Phemex, aims to provide a comprehensive learning experience in blockchain, cryptocurrency and Web3 technologies.

It currently offers over 100 courses in multiple languages, covering topics such as Bitcoin (BTC) fundamentals, DeFi protocols and smart contract development.

The platform claims to have over 500,000 registered users and graduates in 150 countries.

With the fresh capital, Chain University plans to expand its course offerings and develop new learning programs.

It also aims to forge partnerships with universities and institutions to integrate its courses into existing curricula.

The varsity platform is part of Phemex's broader initiative to promote Web3 adoption.

Earlier this year, the exchange announced the launch of a $100 million fund to invest in promising blockchain startups.

As the crypto space evolves, platforms like Chain University are emerging to cater to the growing demand for Web3 knowledge and skills.

This move highlights the increasing interest in investing in the next generation of blockchain technologies and startups.