XCAD
Network – a tokenisation platform for YouTubers to connect and reward their
viewers with crypto tokens – today announced it has signed MOUs (Memorandum of
Understanding) with multiple governments to expand incentivised Web3 education
to millions of people across the globe.
By
securing the support of several governments, XCAD aims to bridge the gap
between Web2 and Web3, and enable more people to partake in the Web3
Space. XCAD
Network has
announced the first government agreement, which is with Pakistan. Under this
partnership, XCAD will distribute and incentivise the consumption of
educational media among Pakistani citizens.
Education
is the first step in bringing new people into the Web3 space. As part of the
MOUs, XCAD Network will work with governments to launch pilot campaigns to
educate their citizens on Web3. These campaigns will be joint campaigns
launched by governments and the XCAD team alongside select content creators
from that country’s jurisdiction.
Users
will have to download the XCAD Network application to watch interactive
educational content on various Web3 topics. Upon completing the modules and
consuming content, users are rewarded with tokens.
Blockchain,
cryptocurrency and the Web3 world will be the key focus areas. However,
governments can also focus education on other subjects, such as financial
literacy.
Oliver
Bell, the Chief Executive Officer of XCAD Network, commented, “Working
directly with Government entities is incredibly exciting for the XCAD project
and the Web3 Space as a whole. What we’re doing aligns with the government’s
vision towards digitisation and global blockchain adoption”
Another
way that XCAD plans to work with Government entities, is by leveraging the XCAD
platform to boost travel and tourism engagement in their country. They want to
partner with creators and citizens to create engaging educational content
around tourism in their country. Those who consume the content are then
rewarded.
XCAD
Network has already onboarded some of the biggest YouTubers in the world to
issue creator tokens on its platform. However, getting governments involved
gives the project more credibility. This allows XCAD Network to attract even
bigger names to issue creator tokens, stay on top of regulatory requirements
and drive more users to the XCAD platform.
About
XCAD Network
XCAD
Network (https://xcadnetwork.com/) allows YouTube creators to launch
personalised tokens and generate dedicated economies around their loyal
fan-base It also offers new upstart creators a way to earn tokens and generate
income even before the creator generates traction on YouTube itself.
In
addition to helping generate new revenue, XCAD Network fosters deeper
engagement through gamification and rewards. Fans benefit monetarily from the
growth of their favourite creators, thus strengthening the bonds between
creators and their followers.
The
platform is backed by famous YouTubers such as KSI and Mr Beast, and is home to
100+ celebrity influencers globally with a combined audience of over 800M.
The XCAD
ecosystem consists of DEXs, a governance portal, a browser plugin with Youtube
integration, cross-chain bridges, staking pools, and creator swap, which lets
users exchange creator tokens.