XBorg, a Web3 company based in Dubai, has made headlines with the successful sale of their $2 million seed round community allocation. The company is focused on developing a collaborative credential infrastructure that allows players to create their digital identity and enjoy tailored user experiences within enhanced gaming applications.
The seed round allocation was sold out in record time, with interest from over 8,300 investors totaling $7 million in soft commitments. However, XBorg decided to cap the community allocation at $2 million and reserved the remaining $3 million for leading VCs, closing out the $5 million seed round. The $XBG token, set to launch later in 2023, is now valued at $50 million.
Founder and CEO of XBorg, Louis Regis, expressed his excitement about the overwhelming support from the community, stating, “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.”
In the coming months, XBorg is set to launch its first application in partnership with top esports teams, starting with the Rocket League world champions, Team BDS. The app will allow players and fans to build their digital identity, connect with gaming communities, and collect digital items with unique perks for exclusive experiences. XBorg aims to become the fastest-growing gaming credential infrastructure by the end of the year through partnerships with tier-1 esports teams and popular gaming influencers.
Users can already create an XBorg account and experience a preview of the upcoming app. Early supporters of the ecosystem will be rewarded, encouraging active participation and referrals to friends.
XBorg, a spin-off of SwissBorg, a crypto wealth management application with over 750,000 users, is on a mission to revolutionize the gaming industry with its innovative credential infrastructure. For more information about XBorg, visit their website, follow them on Twitter, or join their community on Discord.
For media inquiries, please contact Connor Kirsten, Growth & Marketing at XBorg via [email protected]
(Source: [Coin Journal](https://coinjournal.net/news/powering-the-next-generation-of-gaming-xborg-sells-out-2-million-seed-round-community-allocation/))
