Xcad Network, the YouTube-focused content platform for creators and their fans, have announced that it has secured prominent investment from globally-recognised YouTubers, Mr Beast and KSI.
KSI, a UK chart-topping musician & YouTuber and Mr Beast, a world-renowned personality are two of the most popular influencers on the platform, with combined global YouTube subscriber figures of more than 85 million.
The Xcad Network is the world’s first multi-channel monetization platform and NFT marketplace for YouTubers. It utilises tokenisation to help content creators and viewers earn more through their engagement. The Xcad ecosystem also hosts the E-learning platform, which Xcad says has more than 80,000 current users.
With major YouTubers and influencers backing the Xcad Network, the next generation of content creators will be able to monetize their content and mint their own NFTs, whilst being rewarded for engagement and viewing of content.
The Xcad Network sees KSI’s and Mr Beast’s involvement as a huge endorsement of Xcad’s ambition and potential to drive the adoption of cryptocurrencies and tokenisation on a more global scale.
Through the platform, users can collect and trade their favourite celebrity or influencer moments and fan tokens.
Oliver Bell, CEO and co-founder of Xcad Network, said: “When we started discussing our vision for Xcad Network with both Mr Beast and KSI, they jumped at the chance to become part of the project.
— XCAD Network (@XcademyOfficial) April 28, 2021
“It’s great to have such well known and successful influencers backing us and we look forward to working with them to build out our tokenised ecosystem globally.”
Existing and aspiring content creators can build stronger and more loyal communities alongside greater engagement through the Xcad Network’s utility token, XCAD, and a marketplace that offers one-click creation of NFTs by content creators. The minted NFTs will become an integral part of the ecosystem, allowing users to create unique memorabilia that people can buy and trade amongst each other.
Joel Morris, a co-founder of Xcad Network and a YouTuber with over 2.5 million subscribers, said: “The Xcad Network will enable greater engagement amongst YouTubers and their viewers, providing the ability to monetize activity via a tokenised economy that rewards users for engagement and viewer loyalty. Mass adoption is the end goal here, KSI & Mr Beast investing is one giant step towards that goal.”
Xcad Network recently raised $3.9m (£2.8m) to develop their ecosystem, generating significant interest from the YouTuber and influencer community. Xcad is also expected to announce more backing from other prominent content creators soon.
The Xcad Network provides a direct YouTube plugin that allows content creators to tokenise themselves and earn rewards from their content, whilst also enabling viewers to earn rewards from watching videos and engaging with the content. Content creators will be rewarded according to their subscriber size, views and watch time, plus much more.
Zilliqa, a $2bn 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 net required for the Xcad ecosystem.
For more information on the Xcad Network, click here.
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