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[Press Release – Dubai, United Arab Emirates, July 13th, 2023]
XBorg, a Web3 enterprise focused on creating a collaborative credential framework that enables players to establish their digital identity and experience customized interactions within advanced gaming applications, successfully sold out their $2 million seed round community allocation in an unprecedented timeframe. The capital will support the scaling and adoption initiatives of XBorg’s infrastructure and applications to engage millions of players and enthusiasts globally.
Prior to the fundraising, XBorg garnered interest from over 8,300 investors, accumulating $7M in soft commitments but opted to limit the community allocation to $2 million, reserving the remaining $3 million for leading venture capitalists, thereby concluding the $5 million seed round. The $XBG token, anticipated to launch towards the end of 2023, currently holds a valuation of $50 million.
Louis Regis, Founder and CEO of XBorg, stated: “From the outset, we have involved our community in the development of XBorg, as we believe that the future of gaming will be shaped by its players. Allocating a significant portion of our seed round to our community reflects our commitment to this belief. The overwhelming enthusiasm from our community amidst the current market conditions has surpassed all our expectations and illustrates their confidence in our vision to transform the gaming and fan engagement landscape.”
In the upcoming months, XBorg is set to launch its inaugural application in collaboration with some of the leading esports teams in the sector. The reigning Rocket League world champions, Team BDS, were the first team to be revealed, with additional partnerships in the works. The XBorg app will empower players and fans to construct their digital identity, engage meaningfully with their preferred gaming communities, and collect digital items that offer unique benefits unlocking exclusive experiences. By year-end, XBorg aims to establish itself as the fastest-growing gaming credential infrastructure through its alliances with top-tier esports teams and renowned gaming influencers.
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Users can already create an XBorg account and preview what the complete app will offer here. Early supporters of their ecosystem are being rewarded, so they should actively participate and invite their friends to maximize these benefits.
About XBorg
XBorg is focused on developing a collaborative credential framework that allows players to create their digital identity and enjoy personalized user experiences within advanced gaming applications. XBorg is set to launch its first application powered by its credential infrastructure, in collaboration with the largest esports organizations globally, to enhance the adoption of its technology among millions of players and fans. XBorg is a spin-off of SwissBorg, a crypto wealth management platform with over 750,000 users.
For additional information about XBorg, visit their website, follow them on Twitter, or join their community on Discord.
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