Base Superchain XProtocol raises a strategic round, unveils Xardian Nodes

General

XProtocol, a
modular
entertainment-powered
chain
leveraging
Base’s
Superchain
technology,
comes
out
of
stealth
by
announcing
a
strategic
round
raise
of
$800K,
bringing
the
total
raised
amount
to
$5.2M.
The
seed
round
has
previously
seen
participation
from
Saison
Capital,
Dragonfly,
zVentures,
with
this
strategic
round
onboarding
founders
and
funds
deep
in
the
web3
entertainment
ecosystem
such
as
Cogitent
Ventures
and
Zephyrus
Capital.

XProtocol
Superchain
focuses
on entertainment,
gaming
and

AI applications, providing
scalable
infrastructure
and
a
developer-friendly
platform
to
partner
projects.
Its
compatibility
with
the
Ethereum
Virtual
Machine
(EVM)
allows
for
straightforward
migration
of
Ethereum
projects
and
robust
tools
for
developers. XProtocol
Nodes,
known
as
Xardian
Nodes,
will
contribute
to
the
decentralization
of
the
XProtocol
network.
Node
operators
are
expected
to
earn
rewards
for
their
participation
in
the
network’s
consensus
process.

“Xardian
Nodes
will
empower
the
community
as
they
get
exposure
to
the
project
at
an
early
stage
and
receive
multiple
rewards
from
the
partnerships.
The
design
on
top
of
Base
blockchain
brings
a
level
of
security
and
distribution
that
matches
our
ambition
to
improve
on-chain
adoption
and
enhancing
standards”
–
said
Dragonix,
a
core
contributor
of
XProtocol.

XProtocol
has
earmarked
20%
of
its
token’s
total
supply
for
node
license
holders
to
distribute
over
36
months
after
Xprotocol’s
mainnet
launch,
planned
in
Q3
2024.

Among
the
protocol
partners
is Wonderverse,
a
gaming
publishing
studio
building
multichain
IP
onboarding
the
next
billion
gamers
into
web3
and DestinyX,
an
entertainment-focused
gaming
portal
and
crypto
trading
superapp.

“We
believe
XProtocol’s
innovative
approach
with
utilizing
Base
Superchain
technology
will
greatly
enhance
the
gaming
experience
for
our
users.
This
partnership
marks
an
important
step
in
our
mission
to
bring
more
gamers
into
the
ecosystem,”
said
Jason
Sujaya,
Founder
of
Wonderverse.

Looking
ahead,
XProtocol
plans
to
onboard
new
platforms,
entertainment,
and
gaming
projects
later
this
year,
which
are
yet
to
be
announced.
These
forthcoming
initiatives
aim
to
broaden
the
ecosystem
further,
creating
more
opportunities
for
developers
and
users
alike.
XProtocol’s
vision
is
to
continually
innovate
and
expand
its
network,
providing
cutting-edge
solutions
and
experiences
in
the
web3
entertainment
landscape.

“XProtocol’s
commitment
to
building
a
web3
entertainment
infrastructure
layer
could
make
it
a
key
player
in
the
space.
We
are
thrilled
to
support
their
vision
and
contribute
to
ecosystem
growth,”
said
Qin
En,
Partner
at
Saison
Capital.

End

Investors

Saison
Capital is
a
corporate
venture
capital
arm
of
Credit
Saison,
a
Tokyo-listed
$30B

AUM
consumer
finance
company
and
one
of
the
largest
credit
card
issuers
in
Japan.
The

fund
invests
in
Pre-Seed
to
Series
B
companies
globally.

Dragonfly is
a
crypto-focused
venture
capital
firm
based
in
San
Francisco
that
is
run
by

some
of
the
most
prominent
VCs
from
the
US
and
Asia.
Some
notable
companies
in
its

portfolio
include
Avalanche,
Bybit,
Cosmos,
NEAR,
and
Maker
DAO.
The
firm
manages

U$2B,
making
it
one
of
the
largest
venture
investment
firms
in
the
crypto
market.

Caballeros
Capital

is
an
early-stage
venture
firm
focused
on
investing
in
innovative
and
founder-driven
Web3
protocols
and
companies
.