XCAD Network is a platform aimed at empowering content creators by enabling them to tokenize their engagement with audiences. This is achieved through the issuance of fan tokens, which can be earned by viewers through a Watch-to-Earn model, especially targeting platforms like YouTube. The network also provides tools for creators to launch their own Creator Tokens (CTs) and mint NFTs, fostering a more interactive economy between creators and their fans.
XCAD Network operates on a multichain ecosystem, including blockchains such as Zilliqa, Ethereum, BNB Chain, Polygon, Metis, and Arbitrum. Through these networks, it utilizes smart contracts for managing Creator Tokens and NFTs. The platform enables content creators to create digital assets that can be traded and used for governance on the network, with mechanisms for cross-chain token transfers.
XCAD Network has several applications:
Industries like digital content creation, influencer marketing, gaming, and virtual goods can benefit from XCAD Network's features, fostering engaged communities and new economic models for creators and fans.
XCAD Network was founded in 2020 by Oliver Bell, Joel Morris, and Bernice Thomas to innovate monetisation in the online video space. It launched as an ERC-20 token on Ethereum in March 2021 and expanded to Zilliqa and other blockchains. The platform has developed browser plugins compatible with YouTube, partnered with key players like Ape Terminal, and integrated cross-chain capabilities to enhance its ecosystem's scalability and accessibility.