The XDC Network, a blockchain project focused on decentralized finance and real-world asset tokenization, has made a significant announcement regarding its future growth and innovation. The founders of the XDC Network have decided to reinvest a substantial portion of their personal token allocations into the growth of the XDC Ecosystem, allocating $100 million to support new Web3 startups.

This landmark move is designed to promote ecosystem activities on the XDC Network protocol, with the goal of fostering innovation and growth within the Web3 ecosystem. The founders of the XDC Network have leveraged their personal token allocations to create XVC Tech, a venture capital firm that will disburse the $100 million investment through its Co-GP Program and strategic investments.

XVC Tech's Co-GP Program and Strategic Investments

To identify and support promising startups, XVC Tech has partnered with five Tier 1 Web3 VC firms through its Co-GP Program. This initiative aims to build enduring relationships with quality VCs who can drive dApps development on the XDC Ecosystem platform. The program lead, Chen Shanlong, emphasizes the goal of supporting startups without requiring them to acquire multiple ecosystem funds.

XVC Tech has already made strategic investments in various Web3 startups, including Singapore-based Web3 Asset Manager TradeTogether and Propine, a MAS-regulated digital custodian. These investments demonstrate the firm's commitment to fostering growth in the Web3 ecosystem.

Impactful Partnerships at XDC Network and Innovation Frontier at XVC Tech

The XDC Network has made significant partnerships since its inception in 2017, including collaborations with SBI Holdings and Securitize. These partnerships have enabled the XDC Network to penetrate the Japanese market and tokenize U.S. Treasury securities under the management of BlackRock Asset Management.

The XDC Network has been operating since 2019 as an open-source carbon-neutral enterprise-grade layer 1 blockchain, providing a strong foundation for innovative projects to succeed. XVC Tech, on the other hand, is a leading innovator in the field of disruptive technologies, offering solutions such as DeGaming, Bolero, and Truflation.

Conclusion

The XDC Network's $100 million investment marks an important phase in the journey towards innovation and growth in the Web3 ecosystem. Through collaboration with other stakeholders, innovation and ecosystem development will drive the structure of XVC Tech and XDC Networks, defining the future of decentralized technology.