British Virgin Islands/The Journal-Wire/27 March 2024 – XCAD Network, a tokenization platform for YouTubers that allows them to reward their viewers with tokens, today announced that it entered into a Memorandum of Understanding (MOU) with Pakistan’s Khyber Pakhtunkhwa Government Technical Education & Vocational Training Authority Khyber Pakhtunkhwa, Ministry of Education to support Web3 education in the country.
The collaboration will see XCAD Network utilise its blockchain-powered platform to distribute and incentivise the consumption of educational media. Pursuant to the MOU, XCAD Network agreed to distribute pre-approved and curated educational content to the target citizens and incentivise viewers through tokens. Learners can earn tokens by consuming educational content, advancing in their learning, and providing feedback.
The goal is to incentivise learners and maximise the retention of knowledge and quality of learning through interactive quizzes delivered on the platform. The focus areas for the joint initiative include blockchain and the Web3 world. However, plans are in place to introduce other subjects desired by the government, such as financial literacy.
XCAD Network’s vision has always been to bridge the gap between Web2 and Web3, bringing new users into the Web3 Space. This partnership delivers on its promise of accelerating web3 adoption, in the form of education.
Oliver Bell, the Chief Executive Officer of XCAD Network, commented, “We’re pleased to support Pakistan in such an important function that is education. Working directly with Government entities is incredibly exciting for the XCAD project and the Web3 Space as a whole.” Oliver Further added: We note that our solutions align with the digitalisation rend in Pakistan, encouraged by KpK Chief Minister Ali Aman Gandapur’s vision towards the adoption of new technologies such as blockchain and ai and we look forward to helping more organisations in this transformation”
About XCAD Network
XCAD Network allows YouTube creators to launch personalised tokens and generate dedicated economies around their loyal fan-base It also offers new upstart creators a way to earn tokens and generate income even before the creator generates traction on YouTube itself. In addition to helping generate new revenue, XCAD Network fosters deeper engagement through gamification and rewards. Fans benefit monetarily from the growth of their favourite creators, thus strengthening the bonds between creators and their followers. The platform is backed by famous YouTubers such as KSI and Mr Beast, and is home to 100+ celebrity influencers globally with a combined audience of over 800M. The XCAD ecosystem consists of DEXs, a governance portal, a browser plugin with Youtube integration, cross-chain bridges, staking pools, and creator swap, which lets users exchange creator tokens.
For more information, please visit: xcadnetwork.com
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