Bitdegree, UAB

Bitdegree is an educational platform focused on cryptocurrency and Web3, utilizing a gamified "Learn and Earn" model that incentivizes users to gain practical knowledge through engaging missions and tasks. Founded in 2017 in Vilnius, Lithuania, Bitdegree, UAB specializes in educating users about cryptocurrency and the Web3 ecosystem. The company raised USD 1 million in venture funding on June 6, 2022, led by Mistletoe. Founders Danielius Stasiulis and Ervinas Rimdeika have previous entrepreneurial experience, contributing to the company's strategic direction.

BitDegree offers a unique platform designed to educate users about cryptocurrency and the Web3 ecosystem through a gamified "Learn and Earn" model. Users complete missions, including quizzes and research tasks, to earn Bits, which can be exchanged for cryptocurrency rewards, tokens, NFTs, and merchandise. The platform aims to empower users by providing practical learning experiences in the crypto space and serves a diverse audience, including learners and brands across global markets such as North America, Europe, and Asia. In 2023, BitDegree generated revenue of USD 1,506,553.

80, with an EBITDA of USD -347,151. The company's revenue model includes transactions from educational missions where users earn rewards for task completion, supplemented by sponsorships and partnerships that incentivize user engagement without intermediaries. Bitdegree plans to expand its offerings by developing new educational products tailored to emerging cryptocurrency trends, with potential launches in late 2023. The company aims to enter new markets in Asia and South America by 2024, supported by recent funding of USD 1 million, which will enhance its platform capabilities and outreach initiatives.