United Arab Emirates, United Arab Emirates, March 27, 2024, Chainwire
XCAD Network – a tokenization platform for YouTubers to connect with and reward viewers with crypto tokens – today announced multiple announced that it has signed an MOU (memorandum of understanding) with the government.
By securing some government support, XCAD aims to bridge the gap between Web2 and Web3 and allow more people to participate in the Web3 space. XCAD Network announced the first government agreement with Pakistan. Under this partnership, XCAD will distribute and encourage the use of educational media among Pakistani citizens.
Education is the first step in bringing new people into the Web3 space. As part of the MOU, XCAD Network will work with the government to launch a pilot campaign to educate the public about her Web3. These campaigns will be joint campaigns launched by governments and their XCAD teams in collaboration with selected content creators from their national jurisdictions.
Users must download the XCAD Network application to view Web3's interactive educational content on a variety of topics. Users are given tokens after completing modules and consuming content.
The world of blockchain, cryptocurrencies and Web3 will be the main focus areas. However, the government can also focus education on other subjects, such as financial literacy.
Oliver Bell, CEO of XCAD Network, commented: “Working directly with government agencies is very exciting for the XCAD project and the Web3 space as a whole. What we are doing aligns with the government’s vision for digitalization and global blockchain adoption. I am.”
Another way XCAD plans to collaborate with government agencies is to leverage the XCAD platform to foster travel and tourism engagement in their countries. They want to partner with creators and citizens to create engaging and educational content about tourism in their countries. People who consume content are rewarded.
XCAD Network has already onboarded some of the world's biggest YouTubers to issue creator tokens on the platform. However, government involvement increases the credibility of the project. This will allow XCAD Network to attract even larger companies to issue creator tokens, stay on top of regulatory requirements, and drive more users to his XCAD platform.
About XCAD network
The XCAD Network allows YouTube creators to launch personalized tokens and create a dedicated economy around their loyal fanbase. It also offers emerging creators a way to earn tokens and generate income even before the creator gains traction on her YouTube itself.
The XCAD Network not only helps generate new revenue, but also fosters deeper engagement through gamification and rewards. Fans benefit financially from the growth of their favorite creators, strengthening the bond between creators and their followers.
The platform is supported by famous YouTubers such as KSI and Mr. Beast, and has over 100 celebrity influencers around the world with a combined audience of over 800 million people.
The XCAD ecosystem consists of a DEX, a governance portal, a browser plugin integrated with Youtube, a cross-chain bridge, a staking pool, and Creator Swap, which allows users to exchange creator tokens.
See below for more information. https://xcadnetwork.com/
contact
Roelien Bud Westhuizen
Dvers
roelien@d-verse.io
Source: the-blockchain.com
