Curated News
By: NewsRamp Editorial Staff
June 27, 2024

XProtocol Announces $800K Strategic Round Raise and Superchain Launch

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Source Press Release

TLDR

  • XProtocol raises $800K in strategic round, leveraging Base's Superchain tech for entertainment, gaming, and AI applications, gaining advantage in the web3 ecosystem.
  • XProtocol's Superchain provides scalable infrastructure and developer-friendly platform compatible with Ethereum Virtual Machine, with plans to decentralize network through Xardian Nodes.
  • XProtocol aims to enhance gaming experience, improve on-chain adoption, and bring more gamers into the web3 ecosystem, creating opportunities for developers and users.
  • XProtocol earmarks 20% of token supply for node license holders and plans to onboard new platforms, entertainment, and gaming projects later this year.

Impact - Why it Matters

This news matters as it highlights the emergence of XProtocol as a key player in the web3 entertainment ecosystem, with a focus on gaming, AI, and scalable infrastructure. The strategic round raise and partnership with key players in the industry signify the potential for innovation and expansion in the web3 entertainment landscape. XProtocol's commitment to building a web3 entertainment infrastructure layer could make it a key player in the space, providing cutting-edge solutions and experiences for developers and users alike.

Summary

XProtocol, a modular entertainment-powered chain leveraging Base's Superchain technology, has announced a strategic round raise of $800K, bringing the total raised amount to $5.2M. The seed round has seen participation from Saison Capital, Dragonfly, zVentures, with this strategic round onboarding founders and funds deep in the web3 entertainment ecosystem such as Cogitent Ventures and Zephyrus Capital. XProtocol Superchain focuses on entertainment, gaming, and AI applications, providing scalable infrastructure and a developer-friendly platform to partner projects. Its compatibility with the Ethereum Virtual Machine (EVM) allows for straightforward migration of Ethereum projects and robust tools for developers. XProtocol has earmarked 20% of its token's total supply for node license holders to distribute over 36 months after Xprotocol's mainnet launch, planned in Q3 2024. Among the protocol partners is Wonderverse, a gaming publishing studio building multichain IP, and DestinyX, an entertainment-focused gaming portal and crypto trading superapp.

Source Statement

This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, XProtocol Announces $800K Strategic Round Raise and Superchain Launch

blockchain registration record for the source press release.