OERu officially launches today. I've talked about it quite a bit over the years. "Students who complete an Open Educational Resources University course will be able to pay a fee to have their work assessed for academic credit, which would then be recognised by all the universities participating in the OERu." I'm not sure I would exactly characterize OERu as a 'MOOC rival' - but I guess if you're depicting web movements to create access to credentials, you could see it in that light.
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