'Web3 Version of TikTok' X.me Secures $30 Million in Funding Led by Tido Capital, X.me Foundation to Launch Platform Token

BlockBeats reports that on October 1, the Web3-based TikTok-style social media platform X.me announced the completion of a $30 million strategic funding round. This round was led by Tido Capital, with participation from Genesis Capital, Alpha Capital, Rollman Management, Parallel Ventures, WAGMi Ventures, and Web3vision. The funds raised will primarily be used by the X.me Foundation to issue the platform's token. The X.me platform encourages users to earn XPoint through social activities such as watching videos and engaging in interactions. XPoint can be exchanged for the platform token in the future. Additionally, this funding will support the launch of live streaming features, the development of a dedicated blockchain for media, and the creation of a stablecoin.