Web3 version of TikTok X.me secures $30 million in funding

ChainCatcher news, recently, the Web3 version of the TikTok social media platform X.me officially announced the completion of a $30 million strategic financing. This round of financing was led by Tido Capital, with follow-on investments from Genesis Capital, Alpha Capital, Rollman Management, Parallel Ventures, WAGMi ventures, and Web3vision. The funds raised will primarily be used for the issuance of the platform token by the X.me Foundation.

The X.me platform encourages users to earn XPoints through social activities such as watching videos and interactions, which can be exchanged for platform tokens in the future. Additionally, this financing will also support the launch of live streaming features and the development of a public blockchain and stablecoin specifically for media.