XCAD Network receives Series A funding via partnering with Jump Crypto
By Joy Dumasia
XCAD Network, the content creator tokenisation platform that has YouTubers with a combined following of over 100 million, announced they had completed Series A funding from one of Wall Street’s major digital asset players, Jump Crypto. As well as investing, Jump Crypto will be helping to build XCAD into a top asset in the space via exchanges, partnerships, further liquidity and more.
Jump Crypto will be adding liquidity to XCAD on current and upcoming exchanges. Extra liquidity enables more significant trades to be placed, both buys and sells, without much price impact. This will make XCAD a much more attractive asset to participants in digital assets. Furthermore, Jump will be providing liquidity for XCAD’s fan tokens on any centralised exchanges they may be listed on. Fan tokens can only be listed on exchanges with XCAD Network’s approval via an exchange partnership.
Jump will be focused on expanding XCAD to new audiences within the cryptocurrency space via their strong network of Tier 1 exchanges & partners. The undisclosed investment will provide XCAD with the additional funding to scale and grow. Thanks to this investment, XCAD’s expansion plans have now been expedited and will scale at a faster pace.
Oliver Bell, CEO and Co-Founder at XCAD Network, said: “We have the biggest names in YouTube as part of our network and now one of the biggest names in the investment world. We’re very excited to have this backing from Jump Crypto and believe they will help to shape us into a major player in the crypto space. What they have been able to achieve with other projects is incredible. Hopefully, now people will start to see the direction we are heading with XCAD, and we look forward to sharing more important partners with the community soon.”
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