"Web3 version of TikTok" X.me secures $30 million in funding led by Tido Capital; its foundation will launch a platform token
Foresight News reported that the Web3 version of TikTok social media platform X.me has announced the completion of a $30 million strategic financing round. This round was led by Tido Capital, with participation 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 XPoint through activities such as watching videos and interacting socially. XPoint can be exchanged for the platform token in the future. Additionally, this round of financing will support the launch of live streaming features, the development of a public chain dedicated to media, and the creation of a stablecoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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