The creators of the XDC Network, a blockchain project focused on decentralized finance and asset tokenization, have announced a significant reinvestment in fostering innovation. They plan to allocate $100 million from their personal token holdings to support new Web3 startups looking to expand activities on the XDC Network.

This move by the XDC Network founders to reinvest in Web3 startups represents a major step forward in promoting ecosystem growth. The investment will be managed by XVC Tech, a venture capital firm founded by Atul Khekade and Ritesh Kakkad, both co-founders of the XDC Network. The aim is to encourage the development of on-chain activities on the XDC Network through strategic investments.

To identify and support promising startups, XVC Tech has introduced the Co-GP Program in collaboration with five leading Web3 VC firms. Atul Khekade emphasizes the importance of enabling startups to focus on building their businesses within the XDC ecosystem without the need for multiple funding sources. Chen Shanlong, the program lead, highlights the goal of establishing strong relationships with quality VCs to drive dApp development on the XDC Ecosystem platform.

In addition to supporting startups, XVC Tech has made strategic investments in companies like TradeTogether and Propine, demonstrating its commitment to fostering growth in the Web3 ecosystem. These investments align with the XDC Network's vision of promoting innovation and ecosystem development.

Since its founding in 2017, the XDC Network has formed key partnerships, particularly with SBI Holdings, which operates XDC masternodes and has joint ventures to expand into the Japanese market. Through partnerships with companies like Securitize and Yieldteq, the XDC Network has showcased its flexibility in tokenizing assets and working with top-tier players in the digital securities space.

The XDC Network, operating since 2019 as an open-source, carbon-neutral blockchain, focuses on trade finance, payments, and asset tokenization for enterprise use cases. This provides a solid foundation for innovative projects to thrive. XVC Tech, known for its NextGen technology solutions like DeGaming and Bolero, is committed to investing in RWA, Web3 infrastructure, AI, and DePIN, welcoming collaboration with prospective Web3 startups.

In conclusion, the XDC Network's $100 million investment signifies a crucial milestone in fostering innovation and accelerating the growth of Web3 startups. Collaboration with stakeholders will drive further development and shape the future of decentralized technology within the XVC Tech and XDC Networks ecosystems.