Web3 version of TikTok, X.me, secures $30 million in funding led by Tido Capital

ChainCatcher news, recently, the Web3 version of TikTok social media platform X.me officially announced the completion of a $300 million strategic financing round. This round was led by Tido Capital, with Genesis Capital, Alpha Capital, Rollman Management, Parallel Ventures, WAGMi ventures, and Web3vision participating. The funds raised will mainly be used for the issuance of the platform token by the X.me Foundation.

The X.me platform encourages users to earn XPoint through social activities such as watching videos and interacting. In the future, XPoint can be exchanged for the platform token. At the same time, this financing will also support the launch of live streaming features, the development of a public chain dedicated to media, and the development of a stablecoin.