XP Network Raises $4.5M From A Successful Presale

 A platform to experiment with and deploy NFT DApps on different chains including Facebook’s Diem, Polkadot, and Ethereum, XP.Network was thrilled to share in public the successful result of its presale.

XP.Network gives non-tech founders the power to create great NFT apps without writing any code, deploy them on any blockchain, and migrate the apps as needed. It also planned to integrate the platform with 20+ blockchains, including Ethereum, BSC, Cardano, and Polkadot — a monumental task that will require many bridges, a lot of programming, and, of course, financial resources.

Last June 14, 2021,  XP Network officially closed its first funding round, which raised $4.5 million. The funds will be used to attract more talent to our team and cover the marketing costs. Among those investors are Exnetwork, Wings Capital, NGC, TwinApex, Master Ventures, Kosmos VC, AU21, Blocksync, Magnus Capital, Jun Capital, Lunarstation, Vestigium, RT7, Minted Labs, Fairum Ventures, Blackdragon, Walsh Wealth Group, ZBS Capital, Boga Capital, Legion Ventures, and Metrix Capital.

Among the 60+ participants who purchased $XPNET, there were 21 blockchain investment funds. It’s quite rare for a crypto startup to attract so many institutional buyers to the initial round, and such an excellent result points to the inherent value of XP.network. 

XP.network will focus on developing the Polkadot-based codeless dApp and on integrating additional blockchains. July and August should bring many important tech updates.

ABOUT XP.Network
XP.Network is a platform to experiment with and deploy NFT DApps on different chains including Facebook’s Diem, Polkadot, Ethereum, and more

RESOURCES
Medium