Hello @JMPhillips_23 

Do you mean Canvas badges like in the courses you are taking? That largely depends on the school or institution you attend. I suggest reaching out to them directly to find out if they have any merits tied to the badges they administer. If you mean the Canvas Community badges like you get after posting here in the community site? Technically, they're just here for standing. To show other members how long you've been here, how engaged you are, etc. There is no reward or special standing with the badges you accumulate here in the community. Hopefully this helps.