June 27, 2024
XProtocol, Modular Entertainment-Powered Chain that utilizes Base’s Superchain technology, has emerged from stealth mode by declaring a strategic fundraising round of $800K. This increases the total funds raised to $5.2M. The seed round had earlier witnessed contributions from Saison Capital, Dragonfly, and zVentures. This strategic round has welcomed onboard founders and funds that are deeply rooted in the web3 entertainment ecosystem, including Cogitent Ventures and Zephyrus Capital.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Category |
|---|---|---|---|---|---|
XProtocol | $800K | June 27, 2024 | Strategic Round | $5.2M | Gaming, AI |
In the future, XProtocol intends to introduce new platforms, entertainment, and gaming projects, which are scheduled for later this year but have not yet been disclosed. These upcoming endeavors strive to expand the ecosystem, generating more possibilities for both developers and users. XProtocol's aspiration is to persistently innovate and grow its network, offering state-of-the-art solutions and experiences in the web3 entertainment domain.
The future of Web3 gaming promises a major shift in online entertainment. Imagine a world where gamers have more control over their in-game assets and can even earn money from playing. This "GameFi" and "GambleFi" revolution will empower players and creators alike, moving away from traditional, closed-off gaming structures.
This future hinges on a few key trends. First, expect a rise in decentralized models, giving players more agency and investment opportunities. Second, cross-platform experiences will become the norm, allowing players to use their hard-earned items and progress across different games. Finally, cryptocurrencies will see wider adoption in the gaming space, enabling faster and more secure transactions.
X Protocol aims to capitalize on this booming Web3 gaming market. Their blockchain integrations and partnerships aim to put them at the forefront of this new era.
X Protocol is built on a decentralized foundation, allowing early supporters to contribute to the network's security by running a node and earning rewards in the form of $KICK tokens. These $KICK tokens serve multiple purposes within the X Protocol ecosystem. They are the primary currency for transactions on the XProtocol Gaming Chain, and staking them unlocks benefits like airdrops from other integrated projects and attractive interest rates. Additionally, a portion of the trading volume from DestinyX, another project within the ecosystem, will be used to buy back $KICK tokens, further increasing their value. This internal rewards system using $KICK aims to create a more efficient and rewarding experience for all XProtocol users.
About XProtocol
XProtocol Superchain is centered on entertainment, gaming, and AI applications, offering a scalable infrastructure and a platform that is conducive to developers for collaborating with projects. Its compatibility with the Ethereum Virtual Machine (EVM) facilitates the easy transition of Ethereum projects and provides robust tools for developers. Nodes in the XProtocol network, referred to as Xardian Nodes, will play a role in the decentralization of the XProtocol network. It is anticipated that node operators will receive rewards for their involvement in the network's consensus process.
Website: https://xprotocol.org/
X Followers today: 80,563
About Investor
This strategic round has welcomed onboard founders and funds that are deeply rooted in the web3 entertainment ecosystem, including Cogitent Ventures and Zephyrus Capital.
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