Xcad Network, the YouTube-focused tokenized social media influencer economy for content creators and their fans, is pleased to announce that it has secured Mr. Beast and KSI as investors. With major YouTubers and influencers backing the Xcad Network, the next generation of content creators will be able to monetize their content and create NFTs, meanwhile, fans will be rewarded for engagement and viewing of content. Xcad Network recently raised $3.9m (£2.8m) to commence the build of its ecosystem, generating significant interest from the YouTuber community, and is also expected to announce other big content creators backing the project next week.
Xcad Network sees KSI’s and Mr Beast’s involvement as a huge endorsement of the project’s ambition to drive real adoption of cryptocurrency and tokenization.
Existing and aspiring content creators, whilst also building a stronger connection with their fans, will see engagement greatly enhanced by the Xcad Network’s utility token XCAD and an NFT marketplace that will provide one-click creation of NFTs by content creators. NTF’s will become an integral part of the ecosystem, allowing users to create unique memorabilia that people can buy and trade amongst each other.
Xcad Network will have a plugin for YouTube, allowing content creators to tokenize themselves and earn rewards from their content, while also enabling viewers to earn rewards from watching videos and engaging with the content. This is directly on YouTube and will not change their existing user flow. YouTubers will become part of an ecosystem that will reward content creators according to various criteria such as subscriber size, views, and watch time.
Zilliqa, a 2 billion dollar market cap project, which has recently been cited by Forbes as a leading blockchain platform that is helping drive the creator economy, has invested in XCAD and is building the entire blockchain technology side of this project.
For more information on the Xcad Network visit https://xcademytoken.com/.