The metaverse isn’t just for cryptocurrency and NFTs; it’s for education, too.

According to a press release, augmented and virtual reality-focused platform EON Reality has awarded Clark Atlanta University an $11.8 million grant to bring a Knowledge Metaverse Hub.

“Clark Atlanta University remains dedicated to our scholars and equipping with the best resources and innovative technologies,” said President George T. French Jr., Ph.D., according to the press release. “As we accelerate our momentum, these essential partnerships support our efforts to step into the future of interactive teaching and learning through relevant and future-focused innovations.”

What is a Knowledge Metaverse Hub? It’s a combination of digital information and extended reality (XR) similar to immersive experiences. The technology’s purpose is to serve as a more innovative way to approach education for both faculty and students.

Clark Atlanta University is now the first Historically Black College and University (HBCU) to earn the award from EON Reality, the press release discloses. With its “rich social justice history and research-intensive instruction,” the school was the learning solutions company’s perfect fit for the Knowledge Metaverse Hub.

“Partnering with a respected HBCU like Clark Atlanta University, whose graduates shape our world every year, demonstrates the impact EON-XR can have on the future of academia and the sciences,” said EON Reality founder Dan Lejerskar. “When a university with their commitment to social justice and deep focus on digital learning can utilize and add to the Knowledge Metaverse, the possibilities for reshaping our society are endless. I can’t wait to see how Clark Atlanta University incorporates EON Reality’s solutions into their curriculum.”

Before the new announcement for 2022, Clark Atlanta University had an eventful 2021 including becoming a part of a joint effort to help Black entrepreneurs. AfroTech previously shared that the school partnered with Operation HOPE for a national initiative committed to creating one million Black businesses by 2030.