Bitcoin News and Finance
XCarnival Secures $2 Million Seed Investment Skip to main content

XCarnival Secures $2 Million Seed Investment

Synthetic assets open up several opportunities for investors by not confining them to a specific location. If the concept excites you, there’s good news from XCarnival. Recently, XCarnival announced it has secured a two-million US dollar seed investment in its quest to reinvent synthetic assets in crypto.

This investment was led by top crypto funds including Fundamental Labs, Zonff Partners, SNZ, EVG, NGC, etc. At the same time, institutions like AU21, Incuba Alpha, DFG, WaterDrip, LD Capital, Gate, ChainCapital and Bitrise Capital.

“We are very excited for the funding progress, which reflects the confidence from the investors in our project and our team,” said Leon Liu, founder of XCarnival, a crypto influencer, investor and one of the most influential community leaders in the Binance Smart Chain Chinese community.

Being a next generation synthetic asset platform, XCarnival has been committed to building non-standard asset leasing, pawning, and lending businesses. At the same time, XCarnival also provides several synthetic asset templates to those users who want to create financial products quickly. The first version of XCarnival is based on the deployment of R&D on the Binance Smart Chain, while it promotes R&D on ETH Layer 2 and Solana.

Why XCarinval Will Reinvent Synthetic Assets?

Essentially, a synthetic asset is a tokenized derivative that imitates the value of another asset, with very few changes in the properties of both assets. Recently, synthetic assets have grown in popularity since they help people who do not want to hold an actual asset.

Synthetic assets tokenize the relationship with an underlying asset rather than using contracts to build the chain between assets. As a result, synthetic assets are able to provide exposure to any asset in the world by operating within the cryptosystem itself. People now prefer synthetic assets over every other asset for a variety of reasons.

With XCarnival, you can overcome the barriers set forth by synthetic assets. Not only can you use them to inject liquidity into the market, but XCarnival has also enabled synthetic asset solutions that lower the barrier to issuance for financial derivative products. What would otherwise have taken millions of dollars and months to develop and apply for distribution on Wall Street, can now be easily produced and exposed to public in less than ten minutes and hundreds of dollars by anyone, all thanks to XCarnival’s synthetic asset solutions.

This type of platform, which allows people to use their creativity, will significantly boost innovation and efficiency, allowing synthetic assets to become more mainstream. Youtube is a prominent previous example of such a platform. When Youtube was launched, it changed the whole concept of filmmaking and distribution, as we all know. They not only lowered the cost of filming and production from millions of dollars and months in Hollywood to minutes and almost nothing, but they also changed the filmmaking landscape for the better. Youtube has also aided in the creation of a number of multi-billion dollar industry giants such as Tik Tok, as short films and videos have become an integral part of people’s everyday entertainment.

The Youtube of finance is the breakthrough that XCarnival is looking to introduce, and synthetic assets are the way to get there.

Synthetic Assets in Decentralized Finance

Synthetic assets play an important role, especially in the area of Decentralized Finance or DeFi. The use of synthetic USD has been of particular popularity. Today’s investors are more concerned with obtaining the best possible return on their assets than with anything else. Synthetic assets are here to save the day by enabling smoother and cheaper transactions in such a situation rather than filling out loads of paperwork and hefty contracts required of normal assets.

With the growth of decentralized finance as well as this latest round of investment in XCarnival, the year ahead is full of opportunities and looks quite promising. If you want to learn more about XCarnival and how they operate with synthetic assets, check them out below:

Website: https://xcarnival.fi

Twitter: https://twitter.com/XCarnival_Lab

Medium: https://xcarnival-lab.medium.com

Telegram Community: https://t.me/XCarnivalCommunity

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory