XProtocol Gears Up for Mainnet with Fresh $800K Investment

by

As a seasoned crypto investor with a keen interest in Web3 entertainment and gaming projects, I am thrilled to hear about XProtocol’s recent success in securing $800k in strategic funding. This brings their total capital raised to an impressive $5.2 million.

As a researcher studying the latest developments in the blockchain entertainment and gaming sector, I’m excited to share that XProtocol, an innovative project in this space, recently disclosed securing $800k in its latest strategic funding round. This fresh injection of capital brings the total amount raised for XProtocol to a noteworthy $5.2 million.

As a researcher delving into the world of web3 entertainment, I’ve been fortunate to receive valuable insights and support from influential figures in this burgeoning industry. Specifically, Cogitent Ventures and Zephyrus Capital have graciously shared their expertise and resources with me during my investigations.

XProtocol is excited to share the news that we’ve closed a strategic funding round, raising the company’s total investment to $5.2 million. This achievement signifies an important step forward in our goal to introduce the general public to the world of Web3 through engaging content, captivating games, and intelligent AI applications.

— XProtocol.org | Xardian Nodes (@xprotocol_org) June 27, 2024

Growth and Decentralization Efforts

The recently acquired resources will expedite the rollout of XProtocol’s groundbreaking Xardian Nodes, designed to boost the network’s decentralization and security. Operators of these nodes will be essential players in the decision-making process and will receive compensation for their participation.

Additionally, the fusion of Base’s Superchain tech into XProtocol fortifies its foundation, enabling it to accommodate the extensive requirements of contemporary decentralized apps (DApps). Crucial for powering top-tier performance in sectors such as entertainment, gaming, and artificial intelligence.

Partnerships and Ecosystem Development

Moving forward, XProtocol is primed for growth by forming new alliances and incorporating additional projects. Of significance, the protocol has previously teamed up with Wonderverse, a studio specializing in creating multichain intellectual property to draw gamers into the web3 realm. Furthermore, DestinyX, a gaming hub functioning as an entertainment-oriented platform and crypto trading app, is another collaborator.

Jason Sujaya, the founder of Wonderverse, showed great excitement about the partnership, pointing out how XProtocol’s technology will bring improved gaming experiences to the table. This alliance is crucial in bringing more gamers into the ever-evolving world of web3 entertainment.

Qin En, a partner at Saison Capital, expressed his perspective on the strategic advancements, stating, “XProtocol’s dedication to constructing an infrastructure foundation for web3 entertainment holds significant potential. It could position them as a pivotal player in this sector. We are excited to be part of their journey and help foster growth within the ecosystem.”

The protocol aims to add new features and benefits for users by integrating advanced blockchain functionality, raising the bar for industry standards.

XProtocol reaches a major achievement with this strategic advancement, expanding its impact and functionalities in the expansive web3 community on a global scale.

Read More

2024-07-01 22:44