26 March 2024 – XCAD Network, the creator-token trading and fan-loyalty platform ushering in the Web3 watch-to-earn movement, today announces the development of the XCAD centralized exchange (CEX) built specifically to furnish increased liquidity for its Creator Tokens. XCAD Creator Tokens enable viewers to earn tokens for watching YouTube videos via a simple browser plugin, and have already been adopted by YouTube creators with a combined subscriber base of over 780 million.
The XCAD CEX will follow the broader design ethos of the XCAD project by delivering a web2-friendly exchange with familiar UI/UX. The CEX will bolster liquidity for tokens across the entire XCAD Creator network, and will enable increased visibility and demand for XCAD creator tokens on the open market.
Targeting the intersection of a $500B global video streaming market and a rising creator economy forecasted to be worth $480B by 2027 according to Goldman Sachs, XCAD looks to provide new monetization options for content creators that integrate with existing platforms like YouTube.
The XCAD team has announced that Creator tokens will be listing on at least one CEX, which begs the question of which other CEX’s high profile Creator Tokens could launch on.
“We’ve been eager to give our community members a way to trade their tokens with each other for some time and now we finally can. The XCAD CEX will bring visibility and liquidity to every creator and token holder, and provide a home-base for the XCAD token ecosystem,” said Oliver Bell, CEO of XCAD Network.
XCAD Network became a pioneer of the Web3 watch-to-earn movement following the success of its integrated YouTube browser plugin which creates new revenue streams for creators, and enables fans to being more involved in a Creators long term success.
The concept was backed at its early stages by YouTube phenomenons Mr. Beast and KSI, and has since been adopted by a host of global YouTubers with a combined following of over 780 million subscribers. XCAD creators include Mr. Indian Hacker, who has over 36 million YouTube subscribers; Khandeshi Movies, who has over 33 million subscribers; Renato Garcia, who has over 27 million, and many more.
XCAD’s native launchpad allows creators to spin up bespoke, customized token launches in a matter of minutes, which can be used to foster deeper engagement with fans through interactive, gamified experiences.
Anticipating the rise of the creator economy and influencer marketing, XCAD provides a framework for creators to become their own brands, and stoke engagement with audiences through gamification and token rewards.
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About XCAD Network
Xcad Network is the first of its kind, with a world-first online and mobile monetization platform and NFT marketplace for YouTubers, using tokenization to help content creators and viewers earn more. Within Xcad Network’s ecosystem, there is the e-learning platform, of which its content creators have an aggregate following of over 40 million followers.
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- Source: https://www.coinbureau.com/press-release/xcad-network-launches-web2-friendly-cex/
