XDC Network Founders To Reinvest $100M to Fuel Next Gen Web3 Startups

The XDC Network has been making its way as an enterprise-ready blockchain project that has been on a mission to highlight decentralized finance and real-world asset tokenization. The founders of the XDC Network have made an announcement that is raising eyebrows about how they will continue to grow and nurture innovation. The founders of the XDC Network have leveraged a major portion of their personal token allocations to reinvest in the growth of XDC Ecosystem. This $100 million initiative is designed to support new Web3 startups that want to develop and enhance on-chain activities on the XDC Network.

The recent revelation by the founders of XDC Network concerning reinvestment in Web3 firms set to build on the XDC network protocol stands out as a landmark move. This heavy investment will be disbursed through XVC Tech, venture capital created by Atul Khekade and Ritesh Kakkad, who are co-founders of the XDC Network, and it aims at promoting ecosystem activities on the protocol.

XVC Tech’s Co-GP Program and Strategic Investments

To identify new startups with promise and support them, XVC Tech has introduced its Co-GP Program, working together with five Tier 1 Web3 VC firms. Atul Khekade stresses this commitment that encourages start-ups to concentrate solely on developing their enterprises within there without having acquired multiple ecosystem funds as is currently done. In his words, Chen Shanlong, the program lead for this initiative and general manager of XVC Tech, emphasizes the goal of building enduring relations with quality VCs who can drive dApps development on the XDC Ecosystem platform.

This move follows recent investments by XVC Tech, including support for Singapore-based Web3 Asset Manager TradeTogether and putting money into Propine, a MAS-regulated digital custodian. These strategic investments demonstrate its dedication to fostering growth in the Web3 ecosystem.

Impactful Partnerships at XDC Network and Innovation Frontier at XVC Tech

Since 2017, when it was founded, the XDC Network has made some significant partnerships, the key ones being those with SBI Holdings. In particular, SBI Holdings runs XDC masternodes and creates a joint venture with the XDC Network to penetrate the Japanese market. Furthermore, through Securitize, Yieldteq has used the XDC Network for tokenizing U.S. Treasury securities under the management of BlackRock Asset Management, demonstrating the flexibility of this platform as well as its capability of working alongside top-tier digital securities players.

XDC Network has been operating since 2019 as an open-source carbon-neutral enterprise-grade layer 1 blockchain. Being oriented towards trade finance, payments, and RWA tokenization for enterprises’ use cases, this network provides strong grounds for innovative projects to succeed.

XVC Tech is the kind of company that boasts various NextGen technology solutions such as DeGaming, Bolero, and Truflation, thus making it a leading innovator in the field of disruptive technologies. XVC Tech also looks for an opportunity to invest in RWA, Web3 infrastructure, AI, and DePIN. In this case, prospective Web 3 startups are welcomed for collaboration by XVC Tech.

Conclusion

The blockchain sector is changing rapidly; hence, an initiative like the XDC Network’s 100 million US dollars investment marks an important phase on the journey towards innovation as well as speeding growth on web 3 start-ups. Through collaboration with other stakeholders, innovation and ecosystem development will drive the structure of XVC Tech and XDC Networks, which will define the future of decentralized technology.

For enquires about the XVC Tech Co-GP Program:

Chen Shanlong
General Manager of XVC Tech
[email protected]