One element of Wikiversity is a set of WikiJournals which publish peer-reviewed articles in a stable, indexed, and citable format comparable with academic journals.

Learning is facilitated through collaboration on projects that are detailed, outlined, summarized or results reported by editing Wikiversity pages.

[18] Wikiversity resources include teaching aids, lesson plans, curricula, links to off-site resources, course notes, example and problem sets, computer simulations, reading lists, and other as devised by participants – but do not include final polished textbooks.

[19] Learning groups with interests in each subject area create a web of resources that form the basis of discussions and activities at Wikiversity.

Learning resources can be used by educators outside of Wikiversity for their own purposes, under the terms of the GFDL and a Creative Commons license (like Wikipedia).

[27] WikiDebates on Wikiversity allow compiling arguments of both sides on controversial topics such as the legality of cannabis, to create an overview.

[28][29] There are currently seventeen different Wikiversities: Arabic, Chinese, Czech, English, Finnish, French, German, Greek, Hindi, Italian, Japanese, Korean, Portuguese, Russian, Slovene, Spanish, and Swedish (locked since 17 June 2021); Wikiversity projects in other languages are being developed at the "beta" multilingual hub.

[35] In their 2008 book on Empowering Online Learning, Curtis Bonk and Ke Zhang noted that if "the Wikimedia Foundation can nurture credible resources and communities within Wikiversity, it will send serious shock waves throughout higher education.

"[36] Steven Hoffman, in his 2010 book on teaching humanities, wrote that Wikiversity could do for higher education what Wikipedia had done "for the traditional encyclopedia".

He did not expect Wikiversity to replace traditional universities, but could supplement them for "retiring baby boomers" spending time and energy on "education as leisure".

[37] The Association for Psychological Science noted in 2018 that Wikipedia, often "Internet users' first source of information", is constantly changing in search of accuracy, accompanied in this by Wikiversity, its "lesser-known sister site".

They noted that the Wikijournals differed from conventional journals in being transparent about reviewers' backgrounds, possibly facilitating interdisciplinary discussion, and in revealing the stages in the development of an article (by versioning).