Dubai, United Arab Emirates, July 13th, 2023, Chainwire
XBorg, a Web3 company, has developed a collaborative credential infrastructure that enables players to create their digital identity and enjoy customized user experiences within enhanced gaming applications. The company sold out their $2 million seed round community allocation in record time, which will facilitate the scaling and adoption efforts of XBorg's infrastructure and applications to reach millions of players and fans worldwide. Prior to the raise, XBorg received interest from over 8,300 investors totaling $7M in soft commitments. However, the company decided to cap the community allocation at $2 million and maintain the remaining $3 million for leading VCs, closing out the $5 million seed round. The $XBG token is expected to be launched towards the end of 2023 and is currently valued at $50 million. XBorg sells out $2M seed round for gaming.
XBorg Founder and CEO, Louis Regis reacted: “Since day one, we have included our community in the development of XBorg as we believe that the future of gaming will be built by its players. Allocating a large part of our seed round to our community showcases our support for this notion. The widespread enthusiasm of our community in the current market conditions has exceeded all of our expectations and demonstrates their trust in our vision to disrupt the gaming and fan engagement industry.”
XBorg is set to launch its first application in collaboration with some of the leading esports teams in the industry. Team BDS, the current Rocket League world champions, is the first team to be announced, with several others in the pipeline. The XBorg app will allow players and fans to create their digital identity, engage with their favorite gaming communities, and collect unique digital items that unlock exclusive experiences. By the end of the year, XBorg aims to become the fastest-growing gaming credential infrastructure through its partnerships with tier-1 esports teams and popular gaming influencers.
Users can already create an XBorg account and get a preview of what their complete app will offer by visiting their website. XBorg is rewarding early supporters of their ecosystem, so users are encouraged to be active participants and refer their friends to take advantage of this opportunity.
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About XBorg
XBorg is a company that is creating a collaborative infrastructure for credentials. This will enable players to create their digital identity and enjoy customized user experiences within enhanced gaming applications. The company has partnered with the world's largest esports organizations to scale the adoption of its technology to millions of players and fans. XBorg is a spin-off of SwissBorg, a crypto wealth management application that has over 750,000 users.
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