United Arab Emirates, Dubai, 13th July 2023, Chainwire
xvorgis a Web3 company developing a collaborative authentication infrastructure that allows players to create digital identities and enjoy customized user experiences within enhanced gaming applications, with a seed round community allocation of 200 million dollars sold out in record time. The funding will fuel XBorg’s infrastructure and application expansion and adoption efforts to reach millions of players and fans around the world.
Ahead of the fundraising, XBorg attracted soft commitment interest from over 8,300 investors totaling $7M, but capped the allocation to the community at $2M and kept the remaining $3M to major VCs decided to do so and closed a $5 million seed round. The $XBG token, scheduled to launch at the end of 2023, is currently valued at $50 million.
XBorg Founder and CEO Luis Regis responded: “We believe that the future of gaming is built by the players, and we have engaged the community in the development of XBorg from the beginning. Allocating a large portion of the seed round to the community is our support for this concept. Our community’s widespread enthusiasm in the current market conditions has exceeded all our expectations and demonstrates the community’s confidence in our vision to disrupt the gaming and fan engagement industries. I have.”
In the coming months, XBorg will partner with some of the industry’s most prominent esports teams to release their first applications. Team BDS, the current Rocket League World Champions, was announced first, with more teams in the works. The XBorg app empowers players and fans to build a digital identity, connect meaningfully with their favorite gaming communities, and collect digital items with unique perks that unlock special experiences. Through partnerships with Tier 1 esports teams and popular gaming influencers, XBorg aims to become the fastest growing gaming entitlement infrastructure by the end of the year.
Users can already create an XBorg account to get a taste of what the finished app will look like here. Users are rewarding early supporters of the ecosystem, so if you want to take advantage of this, you should actively participate and refer friends.
XBorg is developing a joint authentication infrastructure that allows players to create digital identities and enjoy customized user experiences within enhanced gaming applications. XBorg partners with the world’s largest esports organizations to release the first applications powered by authentication infrastructure, expanding adoption of its technology to millions of players and fans. XBorg is a spin-off of SwissBorg, a cryptocurrency asset management application with over 750,000 users.
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